Description
Book SynopsisBanks have undergone radical change in the face of evolving pressures from markets, globalisation and regulatory authorities. In recognition of this change, this book seeks to forge a new theory, or theories, for economic banking in the 21st century. It provides a platform for new thinking and stimulating ideas, which, it is hoped, will help shape the future of research on the banking sector.
Combining incisive theoretical analysis with shrewd contributions by leading authors, from both the academic and professional world of banking, who are well placed to offer real insight into the current realities of the sector, this book addresses a diverse range of issues. These include measurement of bank performance, competition and consolidation, compliance, supervision, risk transfer, diversification and financial integration in Europe. The New Banking Economics provides a genuine and dynamic alternative to current banking theory that is embedded in a political and real-world context.
Offering diverse perspectives, this book will be of great interest to students of finance, economics and business, as well as to economists, analysts and researchers in the field of banking.
Trade Review'This is a very timely book, addressing the rapid changes that have taken place in banking in the core European economies over the last two decades. No other book brings such a wealth of expertise on the controversies generated by European economic and financial integration and the emerging system of bank regulation in Europe. This book is indispensable for academics, bankers and policymakers trying to make sense of those controversies and make progress in our rapidly changing banking world.' -- Jan Toporowski, University of London, University of Cambridge, UK and University of Amsterdam, The Netherlands
'This book maps out the main conceptual directions and paves the way for future work on the subject. These analyses, while being thorough, are easily accessible, including to the general public.' -- Christian Noyer, Govenor of the Banque de France
Table of ContentsContents: Foreword Christian Noyer Preface PART I: THE BANK NO LONGER EXISTS 1. Thoughts on Banking Activities Jean-Baptiste Bellon and Olivier Pastré 2. Banks – to Do What? Yves Ullmo 3. Differences in National Financial Patters Andreas Hackethal and Reinhard H. Schmidt 4. Fair Value Accounting and Market Inefficiency Dominique Garabiol 5. The Potential Use and Abuse of Basel II Véronique McCarroll PART II: AN OCEAN OF RISK 6. Financial Intermediation and Transfers of Default Risks: Macro- and Microeconomic Efficiency Patrick Artus 7. When Banks Transfer Risks to Investors Dominique Plihon 8. Long Live Risk! Gaël de Pontbriand 9. Banks: to be Sliced into Oblivion? Hans-Helmut Kotz PART III: NEW TECHNOLOGIES AND NEW ACTIVITIES 10. Technology in the French Banking Sector and Financial Industry: Trends and Challenges Hervé Sitruk 11. The Growing Complexity of the Links between Banks and Capital Markets Hans J. Blommestein 12. What About Financing for SMEs? Jean-Paul Betbèze 13. European Financial Sector Transformation: Curse or Blessing for SME Finance? Rien Wagenvoort PART IV: MYSTERIOUS WAYS OF COMPETITION 14. Banking Consolidation in Europe Christian de Boissieu 15. Finance and Competition: Still a Long Way to Go Philippe Nasse 16. Concentration and Competition: The European Case Esther Jeffers 17. Will International Bank Consolidation Really Occur? Valérie Oheix 18. The Single Market for Financial Services in Europe: Progress and Limitations Jean-François Pons PART V: PERFORMANCES TO BE REDISCOVERED 19. The European Cooperative and Mutualist Banking Sector: Shared Values and Business Model Diversity Pascal Blanqué and Rémy Contamin 20. The Need to Reconstruct Performance Indicators Nathalie Rey 21. Particularities of Banking Governance Jean-Paul Pollin Index
