Synopses & Reviews
Hitherto available textbooks in the field of international banking have tended to concentrate on either the nuts and bolts of the system itself and its various institutions, or the geopolitical consequences of events such as the 2008 financial crisis. Either way, the landscape of the field has shifted unalterably in recent months.
This book provides and up to date overview of international banking as the second decade of the twenty first century unfolds. Anglo-Saxon influence is still strong but banking is increasingly a global industry: it 's now impossible to analyse the discipline from the perspective of one country.
Topics covered include sovereign debt crises including those that have afflicted Iceland, Greece and the Republic of Ireland, private sector banking and the relationships between major banks investment arms and their high street operations. Based at Columbia University in New York City, the authors are perfectly placed to shed light on an ever evolving industry.
Synopsis
This new textbook provides an up-to-date overview of international banking as the second decade of the twenty-first century unfolds. Integrating geo-economic, operational, institutional and regulatory changes in the financial sector, the volume's methodology incorporates specific case studies and research, combining theory with practical examples to illustrate the impact and consequences of past and present financial crises.
The volume considers the core aspects of international banking, including its structural and technical features, historical context, institutional evolution in core markets, and wholesale, retail, investment and private banking. It uses specific examples from past and present literature, post-2008 case studies and histories, and research materials, offering a fully updated overview of how international banks respond to global crises, the origin, efficacy and evolution of financial markets, and the regulatory framework within which they function.
One chapter is devoted to the evolution and potential of new markets, including the financial sectors of the BRICS and other emerging economies. Each chapter examines background, causes, impact and resolution, focusing on specific cases and their broader implications for the sector.
This textbook is a guide to the new, and at times unchartered, landscape to be navigated by large domestic, cross-regional and global banks, and will be invaluable reading for students of finance, business and economics, as well as for those in the financial sector.