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Library | Item Barcode | Call Number | Material Type | Item Category 1 | Status |
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Searching... | 30000010258253 | HG1573 B36 2010 | Open Access Book | Book | Searching... |
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Summary
Summary
Explores the Origin of the Recent Banking Crisis and how to Preclude Future Crises
Shedding new light on the recent worldwide banking debacle, The Banking Crisis Handbook presents possible remedies as to what should have been done prior, during, and after the crisis. With contributions from well-known academics and professionals, the book contains exclusive, new research that will undoubtedly assist bank executives, risk management departments, and other financial professionals to attain a clear picture of the banking crisis and prevent future banking collapses.
The first part of the book explains how the crisis originated. It discusses the role of subprime mortgages, shadow banks, ineffective risk management, poor financial regulations, and hedge funds in causing the collapse of financial systems. The second section examines how the crisis affected the global market as well as individual countries and regions, such as Asia and Greece. In the final part, the book explores short- and long-term solutions, including government intervention, financial regulations, efficient bank default risk approaches, and methods to evaluate credit risk. It also looks at when government intervention in financial markets can be ethically justified.
Author Notes
Greg N. Gregoriou is Professor of Finance in the School of Business and Economics at the State University of New York, Plattsburgh.
Table of Contents
Foreword | p. xi |
Acknowledgments | p. xv |
Introduction | p. xvii |
Editor | p. xxxv |
Contributor Bios | p. xxxvii |
Contributors | p. liii |
Part 1 Banking Gross Negligence and Shadow Banking System | |
Chapter 1 The Banking Crisis of the New Millennium-Why It Was Inevitable | p. 3 |
Chapter 2 The Effect of Monetary Policy on Stock Prices: The Subprime Mortgage Crisis | p. 21 |
Chapter 3 Shadow Banks and the Financial Crisis of 2007-2008 | p. 39 |
Chapter 4 Ineffective Risk Management in Banking: Bold Ignorance or Gross Negligence? | p. 57 |
Chapter 5 U.S. Mortgage Crisis: Subprime or Systemic? | p. 95 |
Chapter 6 Regulation and Financial Stability in Laissez-Faire Hong Kong: A Reassuring Record | p. 117 |
Chapter 7 Auction Rate Securities: Another Victim of the Credit Crisis | p. 135 |
Chapter 8 The Banking Crisis and the Nation-State | p. 151 |
Chapter 9 The Banking Crisis and the Insurance Markets | p. 161 |
Chapter 10 The Role of Hedge Funds in the Banking Crisis: Victim or Culprit? | p. 183 |
Chapter 11 Solving the Banking Crisis: A Private Capital Solution | p. 203 |
Chapter 12 Hedge Funds, Financial Leverage, and the 2008 Systematic Crisis: Are They Victims or Killers? | p. 217 |
Chapter 13 Evaluation of Evidence for Banking Equity Market Volatility in the Emerging Economy of China | p. 237 |
Part II Global, European, and Emerging Markets' Perspectives | |
Chapter 14 Global Perspective on the Banking Crisis and Recovery: An Analysis of Domestic vs. Foreign Banks | p. 251 |
Chapter 15 Overcoming Institutional Myopia and Bankers' Self-Dealing Behavior: Coping with the Impact of the Global Financial Crisis on European Securitization Markets | p. 275 |
Chapter 16 The Millennium's Credit Crunch and Lender of Last Resort: A Review of the Literature | p. 295 |
Chapter 17 Emerging Stock Markets and the Current Financial Crisis: Emergence of a New Puzzle? | p. 317 |
Chapter 18 The Financial Crisis and Loan Impairment Provisioning in Asian Banks | p. 335 |
Chapter 19 Currency and Maturity Mismatches in Latin America | p. 353 |
Chapter 20 Dangers and Opportunities for the Russian Banking Sector: 2007-2008 | p. 373 |
Chapter 21 The Stability of the Australian | p. 397 |
Chapter 22 Why Have Australian Banks Survived the Recent Global Financial Crisis? | p. 417 |
Chapter 23 Default Risk Codependence in the Global Financial System: Was the Bear Stearns Bailout Justified? | p. 437 |
Chapter 24 The Implementation of MiFID in the Financial Crisis Context: An Ethnographic Research Conducted in Greece | p. 455 |
Part III Preventing Banking Crises, Bank Runs, Regulation, and Bailouts | |
Chapter 25 Credit Derivatives and What Happened Next: Analysis and Recommendations | p. 477 |
Chapter 26 Identifying Bank Run Signals through Sociological Factors: An Empirical Research in the Geneva Area | p. 489 |
Chapter 27 Bank Default Risk in the United States and the United KingdomRobert Powell and David E. Allen | |
Chapter 28 Remuneration, Risk, and Financial Crisis | p. 521 |
Chapter 29 Some Overlooked Ethical Aspects of Bailing Out Banks and the Philosophy of Frederic Bastiat | p. 539 |
Index | p. 555 |