Description
Book SynopsisThe Evolution of Banking Regulation in the European Union: An Economic Approach puts the analysis of banking regulation back where it belongs—within the study of the monetary system. Drawing on the theories of Walter Bagehot, this book offers a coherent and analytical framework for an integrated economic approach to a variety of banking regulations. Foregrounding the economics of money and the analysis of monetary institutions in the rationale for banking regulation, this book contributes to the discussion on the nature and efficiency of banking regulation and on its broader consequences for the economy, with a focus on the European Union.
Trade ReviewAfter the collapse of SVB and Credit Suisse, Nikolay Gertchev's book is more relevant and important than ever. Lombard Street for the 21st century. The work is mandatory reading for all students of modern money and banking.
-- Philipp Bagus, Rey Juan Carlos University
What role do banks serve in the modern financial system? This essential book guides the reader through a logical approach to both micro- and macro-prudential regulations, arguing that market discipline and a return to clearly defined property rights in money allow for a stronger foundation for banks, promoting healthier and more robust economies. This analysis is essential reading for any and all interested in the future of banking.
-- David Howden, Saint Louis University-Madrid Campus
Table of ContentsChapter 1 Monetary Regimes and the Liquidity-based Regulation of Banks
Chapter 2 Micro-Prudential Regulation and Supervision
Chapter 3 Macro-Prudential Regulation and Financial Stability
Chapter 4 The Too-Big-to-Fail Issue and Its Regulatory Solutions
