Banks on the Brink

Global Capital, Securities Markets, and the Political Roots of Financial Crises
Erscheinungsjahr 2020
ISBN: 978-1-108-48988-1
Verlag: Cambridge University Press

Buch, Englisch, 200 Seiten, Format (B × H): 154 mm x 232 mm, Gewicht: 486 g

Reihe: Political Economy of Institutions and Decisions

This innovative analysis investigates a complex issue of tremendous economic and political importance: what makes some countries vulnerable to banking crises, while others emerge unscathed? Banks on the Brink explains why some countries are more vulnerable to banking crises than others. Copelovitch and Singer highlight the effects of two variables in combination: foreign capital inflows and the relative prominence of securities markets in the domestic financial system. Foreign capital is the fuel for banks' potentially dangerous behavior, and banks are more likely to take on excessive risks when operating in a financial system with large securities markets. The book analyzes over thirty years of data and provides historical case studies of two key countries, Canada and Germany, each of which explores how political decisions in the 19th and early-20th centuries continue to affect financial stability today. The analyses in this book have crucial policy implications, identifying potential regulations and policies that can work to protect banking systems against future crises.

Autoren/Hrsg.

Copelovitch, Mark

Singer, David A

Fachgebiete

• Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Geschichte der VWL
• Geisteswissenschaften Geschichtswissenschaft Geschichtliche Themen Wirtschaftsgeschichte
• Sozialwissenschaften Politikwissenschaft Regierungspolitik Wirtschafts- und Finanzpolitik
• Wirtschaftswissenschaften Volkswirtschaftslehre Finanzkrisen, Wirtschaftskrisen
• Rechtswissenschaften Internationales Recht und Europarecht Internationales Recht Internationales Handels-, Wirtschafts- und Gesellschaftsrecht
• Wirtschaftswissenschaften Wirtschaftswissenschaften Wirtschaftsgeschichte
• Wirtschaftswissenschaften Volkswirtschaftslehre Wirtschaftspolitik, politische Ökonomie
• Sozialwissenschaften Politikwissenschaft Politische Systeme Vergleichende Politikwissenschaft

Inhaltsverzeichnis

1. The politics and economics of financial instability; 2. Banking crises, capital flows, and financial market structure; 3. Capital inflows, market structure, and banking crises: empirical evidence; Chapter 4. O Canada? Unraveling the mystery of Canadian bank stability; 5. Finanzplatz Deutschland: German bank stability and its decline; 6. Policy responses: what to do (and not to do) about financial instability.

Über Autor(innen)

Copelovitch, Mark
Mark Copelovitch is Professor of Political Science and Public Affairs at the University of Wisconsin – Madison. He is author of The International Monetary Fund in the Global Economy: Banks, Bonds, and Bailouts.

Singer, David A
David A. Singer is Professor of Political Science at the Massachusetts Institute of Technology. He is author of Regulating Capital: Setting Standards for the International Financial System.