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Full Product Details

Author:   Dirk Schoenmaker (Professor of Finance, Banking and Insurance, Professor of Finance, Banking and Insurance, VU University Amsterdam)
Publisher:   Oxford University Press Inc
Imprint:   Oxford University Press Inc
Dimensions:   Width: 23.60cm , Height: 2.00cm , Length: 16.30cm
Weight:   0.482kg
ISBN:  

9780199971596

ISBN 10:   0199971595
Pages:   208
Publication Date:   25 April 2013
Audience:   College/higher education ,  Professional and scholarly ,  Tertiary & Higher Education ,  Professional & Vocational
Format:   Hardback
Publisher's Status:   Active
Availability:   Available To Order  
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Table of Contents

Preface ; Acknowledgments ; List of Figures ; List of Tables ; Abbreviations ; Introduction ; 1 Governance Challenges for Global Finance ; 1.1 Governance Challenges ; 1.2 International Policy Proposals ; 1.3 Conclusion ; 2 The Financial Trilemma: Theory ; 2.1 Policy Coordination ; 2.2 Modelling the Financial Trilemma ; 2.3 Conclusion ; 3 The Rise of International Banking ; 3.1 Strategy and Business Models ; 3.2 Empirical Evidence on International Banking ; 3.3 Financial Safety Net ; 3.4 Conclusion ; 4 Failing the Financial Trilemma ; 4.1 Potential for Conflicts of Interests ; 4.2 Case Studies of International Bank Failures ; 4.3 Conclusion ; 5 Solving the Financial Trilemma ; 5.1 International Coordination ; 5.2 Comparing Coordination Mechanisms ; 5.3 Containing Moral Hazard ; 5.4 No Coordination ; 5.5 Conclusion ; 6 Political Economy ; 6.1 Key Role of Politicians ; 6.2 Position of Supervisors and Banks ; 6.3 Countries Take Different Approaches ; 6.4 Conclusion ; 7 Global Governance ; 7.1 Framework for Governance ; 7.2 European Governance ; 7.3 Global Governance ; 7.4 Conclusion ; Conclusions ; Bibliography ; Index

Reviews

Well before the euro crisis, Dirk Schoenmaker was warning us that globalization might undermine financial stability. In this new book he analyzes the complex landscape of modern international banking in terms of a simple unifying concept: the 'trilemma' that financial stability, international financial integration, and autonomous national control over banking policy cannot all coexist. Schoenmaker provides a clear and accessible introduction to the issues that will prove indispensable for students at all levels, for their teachers, for finance professionals, and for policymakers. Maurice Obstfeld, Professor of Economics, University of California, Berkeley

<br> Well before the euro crisis, Dirk Schoenmaker was warning us that globalization might undermine financial stability. In this new book he analyzes the complex landscape of modern international banking in terms of a simple unifying concept: the 'trilemma' that financial stability, international financial integration, and autonomous national control over banking policy cannot all coexist. Schoenmaker provides a clear and accessible introduction to the issues that will prove indispensable for students at all levels, for their teachers, for finance professionals, and for policymakers. --Maurice Obstfeld, Professor of Economics, University of California, Berkeley<p><br> One of the greatest problems in the exercise to make banking safer is how to organise the resolution of a failing cross-border bank. This is a subject on which Dirk Schoenmaker is one of the world's leading experts. In this book he explores both the problems of, and suggests potential answers to, this thorny problem. Anyone concerned with the future of the global financial system will greatly benefit from reading this book. --Charles Goodhart, Emeritus Professor of Banking and Finance, London School of Economics<p><br>

Well before the euro crisis, Dirk Schoenmaker was warning us that globalization might undermine financial stability. In this new book he analyzes the complex landscape of modern international banking in terms of a simple unifying concept: the 'trilemma' that financial stability, international financial integration, and autonomous national control over banking policy cannot all coexist. Schoenmaker provides a clear and accessible introduction to the issues that will prove indispensable for students at all levels, for their teachers, for finance professionals, and for policymakers. * Maurice Obstfeld, Professor of Economics, University of California, Berkeley *

Author Information

Dean of the Duisenberg School of Finance and Professor of Finance, Banking and Insurance, VU University Amsterdam

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