Emerging Risk in International Banking (RLE Banking & Finance)

Name: Emerging Risk in International Banking (RLE Banking & Finance)
Brand: Routledge
Availability: OutOfStock
Rating: 5 (1 reviews)

By P. Snowden

0 - Default Title

Description

Global payments imbalances and the rise of emerging economies provide the background to this analysis of risk exposure and near-insolvency at the world's major banks. Emerging Risk was published in 1985, three years after the first international banking crisis of the post-War era, but prior to resolution after 1989 of the underlying sovereign debt overhang. With episodes of international financial instability punctuating the following quarter century until the Lehman collapse of 2008, this re-issue will contribute to the historical perspective on modern diagnoses of policy weakness and financial sector excess that is clearly needed. Whereas OPEC price increases in the 1970s were a source of the earlier global imbalances, Chinese surpluses and those occasioned by her rapid growth among commodity and oil producing countries are today's equivalents. As a reading of Emerging Risk will confirm, both the special consequences of free competition in a global banking market, and the perverse incentives inherent in the remuneration of loan officers, were clearly present in the mid-1980s. The interaction of regulation and the competitive response of banks to produce increased reliance on wholesale borrowing and lending, together with enhanced gearing, have clear echoes in modern debates over the consequences of the Basel provisions.

Product details

Edition:

1

Number of Pages:

160

Release Date:

2012-07-06

Publication Date:

2012-05-25

Publisher:

Routledge

Languages:

Original: English

ISBN10:

0415529425

ISBN13:

9780415529426

GPSR Manufacturer Reference:

[email protected]

Weight:

411 g

Height:

161 cm

Width:

240 cm

Thickness:

13 cm

Buy on Amazon

Currently sold out