A Political Economy of Banking Supervision

Missing a Chance
1. Auflage 2020
ISBN: 978-3-030-48549-8
Verlag: Springer International Publishing

Buch, Englisch, 181 Seiten, Format (B × H): 155 mm x 235 mm, Gewicht: 306 g

This book examines the effect of banking on the real economy and society, focusing on banking supervision as the decisive factor in steering banking activities and determining the social outcome of the game of finance. 
Banking is like a cardiovascular system for our society. If it functions correctly, it allows the economy to operate smoothly. On the other hand, if it malfunctions it becomes a doomsday device. This creates an asymmetry of risks – the asymmetry between the potential dire consequences and the modest rewards of accepting those risks. 
Banking was one of the critical technological factors enabling the transition from the middle ages and the creation of modern society. However, while today it contributes little to economic growth, its malfunction has a profound and lasting adverse impact.
The book explains why, how and what. Why is it important to keep tight supervision of the banks? How can banking supervision improve stability, not only of the financial system but also of the whole human society? What went wrong with the regulation in the past?  

Zielgruppe

Research

Autoren/Hrsg.

Odak, Damir

Fachgebiete

• Wirtschaftswissenschaften Wirtschaftswissenschaften Wirtschaftsgeschichte
• Wirtschaftswissenschaften Volkswirtschaftslehre Wirtschaftssysteme, Wirtschaftsstrukturen
• Geisteswissenschaften Geschichtswissenschaft Geschichtliche Themen Wirtschaftsgeschichte
• Wirtschaftswissenschaften Volkswirtschaftslehre Wirtschaftspolitik, politische Ökonomie
• Wirtschaftswissenschaften Finanzsektor & Finanzdienstleistungen Bankwirtschaft
• Wirtschaftswissenschaften Volkswirtschaftslehre Internationale Wirtschaft

Inhaltsverzeichnis

why banks must be supervised?.- How that all come to be?.- Big Depression – events forcing the regulator’s hand.- Great recession- the ugly daughter of deregulation.- The  asymmetry.- How can supervision prevent financial crises? 

Über Autor(innen)

Damir Odak served as a Vice-Governor of the Croatian National Bank, where he contributed to financial stability during the most prolonged recession in the EU. He also participated in the development of EU regulations as a member of the European Banking Authority (EBA) Board of Supervisors.
Odak has worked as a CEO and board member for 22 years, and successfully managed three banks during major restructuring periods, including bank acquisitions (domestic and international), mergers, significant portfolio clean-ups and the establishment of a bank.