[PDF] Banks On The Brink eBook

Author : Mark Copelovitch
Publisher :
Page : 232 pages
File Size : 35,97 MB
Release : 2020
Category : Bank failures
ISBN : 9781108747714

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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. • Stresses the under-explored relationship between banking systems, securities markets, and financial crises, illuminating the profound impact of factors on subsequent crises • Highlights the impact politics has on the development of a nation's financial markets, across space and time, in order to point out when and why banking systems become more prone to crisis • Uses comprehensive data analysis, in tandem with two historical case studies, Canada and Germany, in order to expand the study of financial crises beyond singular events and focus on enduring, institutional factors

Author : Gary H. Stern
Publisher : Rowman & Littlefield
Page : 247 pages
File Size : 21,68 MB
Release : 2004-02-29
Category : Business & Economics
ISBN : 0815796366

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The potential failure of a large bank presents vexing questions for policymakers. It poses significant risks to other financial institutions, to the financial system as a whole, and possibly to the economic and social order. Because of such fears, policymakers in many countries—developed and less developed, democratic and autocratic—respond by protecting bank creditors from all or some of the losses they otherwise would face. Failing banks are labeled "too big to fail" (or TBTF). This important new book examines the issues surrounding TBTF, explaining why it is a problem and discussing ways of dealing with it more effectively. Gary Stern and Ron Feldman, officers with the Federal Reserve, warn that not enough has been done to reduce creditors' expectations of TBTF protection. Many of the existing pledges and policies meant to convince creditors that they will bear market losses when large banks fail are not credible, resulting in significant net costs to the economy. The authors recommend that policymakers enact a series of reforms to reduce expectations of bailouts when large banks fail.

Author : Simon Johnson
Publisher : Vintage
Page : 338 pages
File Size : 24,44 MB
Release : 2010-03-30
Category : Business & Economics
ISBN : 0307379221

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In spite of its key role in creating the ruinous financial crisis of 2008, the American banking industry has grown bigger, more profitable, and more resistant to regulation than ever. Anchored by six megabanks whose assets amount to more than 60 percent of the country’s gross domestic product, this oligarchy proved it could first hold the global economy hostage and then use its political muscle to fight off meaningful reform. 13 Bankers brilliantly charts the rise to power of the financial sector and forcefully argues that we must break up the big banks if we want to avoid future financial catastrophes. Updated, with additional analysis of the government’s recent attempt to reform the banking industry, this is a timely and expert account of our troubled political economy.

Author : Owen Platt
Publisher : iUniverse
Page : 232 pages
File Size : 41,15 MB
Release : 2003-07
Category : Business & Economics
ISBN : 0595282989

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The First International Bank of Grenada will go down in history as one of the biggest banking swindles of all time. Aided and abetted by a corrupt government, Van Brink and his satraps lured hundreds of innocent investors to place their savings in a bank he claimed "had a vision". With evangelical zeal he preached the gospel of his bank, playing upon the religious and charitable aspect but also promising outlandish returns on investments. From Oregon to Nauru, to Grenada, to Uganda, Van Brink left a trail of financial misery behind him. One Big Fib is essential reading for anyone with an interest in the shady world of offshore banking.

Author : Henry M. Paulson Jr.
Publisher : Business Plus
Page : 371 pages
File Size : 13,89 MB
Release : 2013-09-03
Category : Business & Economics
ISBN : 1455582476

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Former Secretary of the Treasury Hank Paulson -- who was at the very epicenter of the crashing financial markets -- provides a startling, first- person account of what really happened during this time of global financial crisis - and this revised edition features fresh and original material from Paulson on the five-year-anniversary of the 2008 financial crisis. From the man who was in the very middle of this perfect economic storm, Paulson puts the reader in the room for all the intense moments as he addressed urgent market conditions, weighed critical decisions, and debated policy and economic considerations with of all the notable players-including the CEOs of top Wall Street firms as well as Ben Bernanke, Timothy Geithner, Sheila Bair, Nancy Pelosi, Barney Frank, presidential candidates Barack Obama and John McCain, and then-President George W. Bush. More than an account about numbers and credit risks gone bad, On the Brink is an extraordinary story about people and politics-all brought together during the world's impending financial Armageddon.

Author : Henry M. Paulson
Publisher : Headline Publishing Group
Page : 458 pages
File Size : 45,33 MB
Release : 2010
Category : Business & Economics
ISBN : 9780755360550

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Hank Paulson served as US Treasury Secretary between July 2006 and Jan 2009. He previously served as Chairman and CEO of Goldman Sachs. He holds an MBA from Harvard. In 2008, Time magazine named Paulson as a runner-up for Person of the Year, saying, with reference to the global financial crisis 'if there is a face to this financial debacle, it is now his' Opinion will certainly be divided on Paulson, but he was without doubt at the absolute epicentre of the economic storm, and his view will make for absolutely fascinating reading. The book contains all the decisive moments in the economic crisis, including the pivotal meetings with mortgage giants Fannie Mae and Freddie Mac, as well as Paulson's first telephone conversations with Senators Sarah Palin and Barack Obama.

Author : Alistair Darling
Publisher : Atlantic Books
Page : 415 pages
File Size : 23,2 MB
Release : 2012-06-01
Category : Business & Economics
ISBN : 0857892827

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Alistair Darling's long-awaited book will be one of the most reviewed, widely discussed, and saleable political memoirs of recent years. In the late summer of 2007, shares of Northern Rock went into free-fall, causing a run on the bank - the first in over 150 years. Northern Rock proved to be only the first. Twelve months later, as the world was engulfed in the worst banking crisis for more than a century, one of its largest banks, RBS, came within hours of collapse. Back from the Brink tells the gripping story of Alistair Darling's one thousand days in Number 11 Downing Street. As Chancellor, he had to avert the collapse of RBS hours before the cash machines would have ceased to function; at the eleventh hour, he stopped Barclays from acquiring Lehman Brothers in order to protect UK taxpayers; he used anti-terror legislation to stop Icelandic banks from withdrawing funds from Britain. From crisis talks in Washington, to dramatic meetings with the titans of international banking, to dealing with the massive political and economic fallout in the UK, Darling places the reader in the rooms where the destinies of millions weighed heavily on the shoulders of a few. His book is also a candid account of life in the Downing Street pressure cooker and his relationship with Gordon Brown during the last years of New Labor. Back from the Brink is a vivid and immediate depiction of the British government's handling of an unprecedented global financial catastrophe. Alistair Darling's knowledge and understanding provide a unique perspective on the events that rocked international capitalism. It is also a vital historical document.

Author : Michael Moffitt
Publisher : New York : Simon and Schuster
Page : 298 pages
File Size : 26,33 MB
Release : 1983
Category : Business & Economics
ISBN :

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Kritische analyse van de internationale bankwereld, met bijzondere aandacht voor de schuldencrisis m.b.t. debiteuren in de Derde Wereld.