Wieandt Unfinished Business

Putting European Banking (and Europe) Back on Track
1. Auflage 2017
ISBN: 978-3-8470-0715-9
Verlag: V&R unipress
Format: PDF
Kopierschutz: 0 - No protection

E-Book, Englisch, 243 Seiten

The banking system in Europe is large in relation to the economy. It is characterized by universal banking, and driven by a significant number of globally active national champions that are systemically important. Banks perform a vital role for the economy. But their leverage and deposit funding makes them inherently vulnerable to bank runs. Axel Wieandt’s role as former CEO of Hypo Real Estate, which he assumed immediately after the Lehman crisis in the fall of 2008, makes him uniquely placed to both examine the causes of the current situation of the European banking system and make suggestions for getting it back on track. His starting point is a comprehensive description of the European banking system and an analysis of the role of banks in the economy. He goes on to examine the root causes and implications of the Great Financial Crisis for the European banking system. He argues for full implementation of Banking Union with greater emphasis on market discipline and accountability.

Autoren/Hrsg.

Wieandt, Axel

Fachgebiete

• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Bankwirtschaft
• Wirtschaftswissenschaften Volkswirtschaftslehre Europäische Union, Europa: Wirtschaft
• Wirtschaftswissenschaften Volkswirtschaftslehre Finanzkrisen, Wirtschaftskrisen
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Finanzkrisen

Inhaltsverzeichnis

1;Title Page;4
2;Copyright;5
3;Table of Contents;6
4;Body;8
5;Acknowledgments;8
6;Prologue;10
7;Chapter 1: Unfinished business – an introduction;14
8;Part I – Where we started from;26
9;Chapter 2: Europe's banking landscape;28
10;Chapter 3: Banking – from the bottom up;44
11;Chapter 4: Banks' specialness – and the need for regulation, supervision, and safety nets;56
12;Part II – European banking and finance in less troublesome times;64
13;Chapter 5: Re-engineering of European banking;66
14;Chapter 6: One market, one money – (too) many banking systems;78
15;Part III – Crisis hitting and multiplying;94
16;Chapter 7: From “turbulences” to the Great Financial Crisis;96
17;Chapter 8: Mopping up – containing the crisis;108
18;Part IV – Crisis becoming existential;124
19;Chapter 9: Early lessons drawn: shackled by principles?;126
20;Chapter 10: Then come Greece and Ireland: “unnecessary, undesirable, and unlikely”;140
21;Part V – Finishing the business, in a principled way;152
22;Chapter 11: Centralization of financial policies – if Greece (or Ireland) were Texas;154
23;Chapter 12: Blueprints, optimal policies to choose from;166
24;Chapter 13: Banking union – realm of the possible;186
25;Chapter 14: The larger context – how much (political) union does the EMU need?;202
26;Epilogue;212
27;List of Abbreviations;216
28;List of Figures;220
29;List of References;222
30;Index of Names;236
31;Subject Index;238

Über Autor(innen)

Wieandt, Axel
Prof Dr Axel Wieandt is a German financial services professional with many years of experience in high-profile management roles within the European banking industry and teaching assignments with major business schools.