Author: Ewa Miklaszewska Publisher: Springer ISBN: 3319420739 Category : Business & Economics Languages : en Pages : 285
Book Description
This book offers a comparative analysis of how post-crisis restructuring has affected the evolution and prospects of small, locally-oriented banks. The discussion focuses specifically on “small” European countries; that is, countries with diversified banking systems, with a strong presence of cooperative and other forms of local banks. Such countries include highly developed economies like Italy and emerging European economies, such as Poland. The authors stress the unique importance of local banks in generating credit for both households and firms, and hence in contributing to overall economic growth. Chapters cohere around the argument that although smaller banks fared better than their larger counterparts the recent financial crisis, they have been directly and indirectly discriminated against in post-crisis restructuring schemes, and, as such, face many operational and strategic challenges today. The contributors are a distinguished group of researchers with expert knowledge of the competitive positions of and opportunities for locally oriented banks, who combine theoretical and empirical perspectives on these topics.
Author: Christopher F. Baum Publisher: ISBN: Category : Languages : en Pages :
Book Description
This paper analyzes the causal relationship between institutional diversity in domestic banking sectors and bank stability. We use a large bank- and country-level unbalanced panel data set covering the EU member states' banking sectors between 1998 and 2014. Constructing two distinct indicators for measuring institutional diversity, we find that a high degree of institutional diversity in the domestic banking sector positively affects bank stability. The positive relationship between domestic institutional diversity and bank stability is stronger in times of crisis, providing evidence that diversity can help to absorb both financial and real shocks. In particular, greater institutional diversity smooths bank earnings risk in times of crisis. Our results are economically meaningful and offer important insights to the ongoing economic policy debate on how to reshape the architecture of the banking sector.
Author: Rym Ayadi Publisher: ISBN: 9789461380425 Category : Business & Economics Languages : en Pages : 0
Book Description
A midst stormy waters, financial systems develop and evolve. New institutional forms and instruments are invented and put into use. Some of them turn out to be successful while others disappear: a natural process of creative and dynamic competition argues for diversity. Diversity offers an optimal environment in which new ideas can come to life, existing ideas can evolve and old ideas make a comeback. In the aftermath of the financial crisis, the foundations of several decades of modern and innovative financial systems have suffered serious damage. This has triggered massive state interventions and has led authorities to revamp the regulatory structures and frameworks. While many voices have called for a return to more traditional approaches to banking and finance, no one has argued the merits of diversity. This book investigates the merits of a diverse banking system with a special focus on the performance and role of cooperative banks in seven European countries where they are prominent (Austria, Finland, France, Germany, Italy, the Netherlands and Spain). The theoretical and empirical arguments that are developed in this book tend to support the view that it is economically beneficial to have stakeholder-value banks with a dual bottom-line function, such as cooperative banks. For those who accept this premise, it would suggest that policy-makers should not take or support actions that could jeopardise this valuable element of the financial system in various countries in Europe and of the emerging integrated European financial system. Book jacket.
Author: Cornelia Storz Publisher: Routledge ISBN: 1136715487 Category : Business & Economics Languages : en Pages : 305
Book Description
The concept of "innovation systems" has gained considerable attention from scholars and politicians alike. The concept promises not only to serve as a tool to explain sustained economic development, but also to provide policy-makers with scientifically grounded policy options to advance the growth of economies. The thrust of much recent literature has been to review existing empirical findings in order to deduce "best practice" models which are assumed to benefit all countries in a similar fashion. However, as this book argues, such ‘universal’ models often fail in both analysis and policy prescriptions, as they do not take into account sufficiently the circumstances and development trajectories of particular countries. With a foreword by Richard Whitley, this book discusses the extent to which the diagnoses and reform recommendations of recent work on innovation theory, and the related policy recommendations, actually apply to Japan and China. Making links between behavioural economics and institutional analysis, the book covers their regulatory framework, legal and science system, the labour and capital market, and intra-firm relations. It examines the present design and reasons underlying the Japanese and Chinese innovation systems, and based on those findings, emphasises the necessity for reform to secure the future competitiveness of both countries. The book is introduced by a foreword by Richard Whitley, Professor of Organisational Sociology at Manchester Business School.
Author: Publisher: CEPS ISBN: 9290798688 Category : Banks and banking, Cooperative Languages : en Pages : 215
Book Description
"This book investigates the merits of a diverse banking system with a special focus on the performance and role of cooperative banks in seven European countries where they are prominent (Austria, Finland, France, Germany, Italy, the Netherlands and Spain). The theoretical and empirical arguments that are developed in this book tend to support the view that it is economically beneficial to have stakeholder-value banks with a dual bottom-line function, such as cooperative banks. For those who accept this premise, it would suggest that policy-makers should not take or support actions that could jeopardise this valuable element of the financial system in various countries in Europe and of the emerging integrated European financial system."--Publisher description.
Author: Kellee S. Tsai Publisher: Cornell University Press ISBN: 1501717154 Category : Political Science Languages : en Pages : 335
Book Description
Chinese entrepreneurs have founded more than thirty million private businesses since Beijing instituted economic reforms in the late 1970s. Most of these private ventures, however, have been denied access to official sources of credit. State banks continue to serve state-owned enterprises, yet most private financing remains illegal. How have Chinese entrepreneurs managed to fund their operations? In defiance of the national banking laws, small business owners have created a dizzying variety of informal financing mechanisms, including rotating credit associations and private banks disguised as other types of organizations. Back-Alley Banking includes lively biographical sketches of individual entrepreneurs; telling quotations from official documents, policy statements, and newspaper accounts; and interviews with a wide variety of women and men who give vivid narratives of their daily struggles, accomplishments, and hopes for future prosperity. Kellee S. Tsai's book draws upon her unparalleled fieldwork in China's world of shadow finance to challenge conventional ideas about the political economy of development. Business owners in China, she shows, have mobilized local social and political resources in innovative ways despite the absence of state-directed credit or a well-defined system of private property rights. Entrepreneurs and local officials have been able to draw on the uncertainty of formal political and economic institutions to enhance local prosperity.
Author: Geoffrey Wood Publisher: Routledge ISBN: 1136626530 Category : Business & Economics Languages : en Pages : 316
Book Description
The economic crisis that began in 2008 has underscored the impact not only of embedded and assumed ways of managing the economy, but also that present circumstances are the product of a long period of experimentation and bounded diversity; it is understanding the nature of both that forms a central concern of this collection. This book redefines, develops and extends the emerging literature on internal diversity within varieties of capitalism, and the extent to which such internal systemic diversity goes beyond mere diffuseness to represent the coexistence of different logics of action within both liberal market and more cooperative varieties of capitalism. The collection is based on new, fresh material, from leading scholars in the field. The contributors come from a variety of perspectives within the broad socio-economic literature on institutions, and yet they all focus on the limitations of current institutional fixes, and the protracted and durable nature of the current crisis, which, the editors suggest, reflect profound changes in input costs and the utilization of technology. What characterizes this common ground is an inherent pragmatism, combined with an increasing sophistication in the usage of analytical concepts; illustrating the progression since the early work on comparative capitalism in the late 1990s and early 2000s. This book should be an invaluable resource for students and researchers of economic theory and philosophy as well as political economics and socio-economics.
Author: Rym Ayadi Publisher: Springer ISBN: 303002248X Category : Business & Economics Languages : en Pages : 200
Book Description
This book is a result of several years of research to provide readers with a novel and comprehensive analysis on business models in banking, essential to understanding bank businesses pre- and post- financial crisis and how they evolve in the financial system. This book will provide depositors, creditors, credit rating agencies, investors, regulators, supervisors, and other market participants with a comprehensive analytical framework and analysis to better understand the nature of risk attached to the bank business models and its contribution to systemic risk throughout the economic cycle. The book will also guide post-graduate students and researchers delving into this topic.
Author: United States. Congress. House. Committee on Financial Services. Subcommittee on Oversight and Investigations Publisher: ISBN: Category : Business & Economics Languages : en Pages : 162
Author: Ahsan Shafiq Publisher: Routledge ISBN: 1000567397 Category : Business & Economics Languages : en Pages : 196
Book Description
Institutional economics claims that institutions and policies rather than the size of labour force, technology or capital investment are pivotal for growth or under-development. In this regard there are two kinds of institutions: external institutions expressed in the form of laws, organisations, regulations, companies, banks and the like and internal institutions, which are found in the hearts and consciences of individuals. Against this backdrop, this book acquaints readers with the basic concepts related to institutional economics. It then brings to light the theoretical concepts related to the institutional perspectives on Islamic economics, particularly highlighting areas where Islamic economic institutions lay at the crossroads with conventional ones. The book also ref lects upon the organisational arrangements that comply with the basic tenets of Islamic institutional economics. Further, it brings a collection of real-world case studies into discussion to show the models of Islamic institutions that are pragmatic in today’s business environment. The book contains novel dimensions on the subject, includes conceptual debates as well as practical examples and explores hot topics such as waqf and fintech from an Islamic perspective. This is the first book to exclusively cover this topic and is written by well-known and respected international economists from the field. Since the book is written in an accessible style and the concepts are expressed in plain language, it will find an audience among academics, researchers and students in economics and Islamic economic studies, as well as policymakers and professionals engaged in the Islamic finance industry, seeking to make their services and products conform to an Islamic institutional perspective.
Author: Ewa Miklaszewska
Author: Christopher F. Baum
Author: Rym Ayadi
Author: Cornelia Storz
Author: 
Author: Kellee S. Tsai
Author: Geoffrey Wood
Author: Rym Ayadi
Author: United States. Congress. House. Committee on Financial Services. Subcommittee on Oversight and Investigations
Author: Ahsan Shafiq