Dinesen Absent Management in Banking

How Banks Fail and Cause Financial Crisis
1. Auflage 2020
ISBN: 978-3-030-35824-2
Verlag: Springer International Publishing
Format: PDF
Kopierschutz: 1 - PDF Watermark

E-Book, Englisch, 305 Seiten

Reihe: Progress in Mathematics

Offering a historical analysis of management in banking from the Medici to present day, this book explores how banks can cause devastating financial crisis when they fail. Rather than labelling management as ‘good’ or ‘bad’, the author focuses on the concept of absent management, which can occur as a result of complexity. The complexity of banking, which intensified alongside the phenomenal growth of banks in the 20 and 21 centuries, resulted in banks that are mismanaged or, at times, even unmanaged. Drawing on business school case studies including Barings and Lehman Brothers, this book showcases how absent management in banking has caused crises, depressions and recessions, and how ultimately it will continue to do so.

Autoren/Hrsg.

Dinesen, Christian

Inhaltsverzeichnis

1;Acknowledgements;5
2;Contents;6
3;Chapter 1: Introduction: Not Managed at All—How the Idea for This Book Occurred and What It Is About;8
3.1;References;20
4;Chapter 2: The Medici and Renaissance Complexity: How the Challenges of Renaissance Banking Finally Defeated the First Multinational Bank;21
4.1;Reference;38
5;Chapter 3: Rothschild, the Largest Bank in the World: How Multinational Family Ownership Overcame Nearly All Management Complexities When Others Failed;39
5.1;References;55
6;Chapter 4: Less Regulation Means Greater Complexity: How Looser Bank Regulation Allowed Faster Growth, Greater Complexity and Contributed to Absent Management in Banking;56
6.1;References;77
7;Chapter 5: Complexity from Growth: Territory and Size—How Absent Management Occurred Through Growth by State, Country and Sheer Size;79
7.1;References;97
8;Chapter 6: Complexity from Growth in Lines of Business: How Absent Management Occurred When Different Types of Banking Were Merged;99
8.1;References;119
9;Chapter 7: The Absence of Incentives to Manage: How the Wrong Incentives Resulted in Absent Management;121
9.1;References;136
10;Chapter 8: Producer Managers: How Continued Focus on Banking Resulted in Absent Management;137
10.1;References;154
11;Chapter 9: Bank Failures Cause Crisis: How Absent Management in Banks Can Cause a Crisis;155
11.1;References;177
12;Chapter 10: Bank Failure: Triggering Crisis—How Absent Management in Banks Triggered the 2008 Financial Crisis;180
12.1;References;202
13;Chapter 11: Bank Failures Cause a Global Crisis: How the Complexities of United States Mortgage Securities Devastated Banks and Made the Banking Crises Global;203
13.1;References;226
14;Chapter 12: The Cost of Financial Crisis: How Absent Management in Banking Became Costly;228
14.1;References;244
15;Chapter 13: What Has Changed: How Little Has Changed in Terms of Complexity, Producer Managers and Absent Management in Banking;245
15.1;References;266
16;Chapter 14: Conclusion;270
16.1;References;284
17;Index;286