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The Forces of Change in the European Banking Industry

Jordi Canals

in Competitive Strategies in European Banking

Published in print:
1994
Published Online:
October 2011
ISBN:
9780198773504
eISBN:
9780191695322
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198773504.003.0002
Subject:
Business and Management, Strategy, Finance, Accounting, and Banking

This chapter analyses a number of environmental forces that have had, and will continue to have, a considerable impact upon the European banking industry: deregulation, globalization, worldwide ... More


Financial Innovation: Too Much or Too Little?

Michael Haliassos (ed.)

Published in print:
2013
Published Online:
January 2015
ISBN:
9780262018296
eISBN:
9780262305495
Item type:
book
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262018296.001.0001
Subject:
Economics and Finance, Financial Economics

This collective volume is about financial innovation, its history, and its potential to cause or to prevent financial crises. In assigning blame for the recent economic crisis, many have pointed to ... More


Extended Markets and Innovative Extensions

Glenn Yago and Susanne Trimbath

in Beyond Junk Bonds: Expanding High Yield Markets

Published in print:
2003
Published Online:
November 2003
ISBN:
9780195149234
eISBN:
9780199871865
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0195149238.003.0007
Subject:
Economics and Finance, Financial Economics

Financial innovation is the engine driving the financial system toward improved performance in the real economy. The conventional view of financial instruments is based upon the categorical ... More


Financial Innovation or Bricolage?

Ewald Engelen, Ismail Ertürk, Julie Froud, Sukhdev Johal, Adam Leaver, Michael Moran, Adriana Nilsson, and Karel Williams

in After the Great Complacence: Financial Crisis and the Politics of Reform

Published in print:
2011
Published Online:
January 2012
ISBN:
9780199589081
eISBN:
9780191731150
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199589081.003.0003
Subject:
Business and Management, Finance, Accounting, and Banking, Political Economy

Chapter 2 considers the question of why so few people saw the 2007 financial crisis coming by developing Immanuel Wallerstein’s insight about how capitalism works though promises which mobilize ... More


After the Great Complacence

Ewald Engelen, Ismail Ertürk, Julie Froud, Sukhdev Johal, Adam Leaver, Michael Moran, Adriana Nilsson, and Karel Williams

in After the Great Complacence: Financial Crisis and the Politics of Reform

Published in print:
2011
Published Online:
January 2012
ISBN:
9780199589081
eISBN:
9780191731150
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199589081.003.0002
Subject:
Business and Management, Finance, Accounting, and Banking, Political Economy

The chapter makes the case for framing the crisis as an elite debacle. The first section focuses on the informal pre-2007 elite story about the benefits of financial innovation, told in the period of ... More


Balancing the Banks: Global Lessons from the Financial Crisis

Mathias Dewatripont, Jean-Charles Rochet, and Jean Tirole

Published in print:
2010
Published Online:
October 2017
ISBN:
9780691145235
eISBN:
9781400834648
Item type:
book
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691145235.001.0001
Subject:
Business and Management, Finance, Accounting, and Banking

The financial crisis that began in 2007 in the United States swept the world, producing substantial bank failures and forcing unprecedented state aid for the crippled global financial system. ... More


Licensing Banks 1

Tommaso Padoa-Schioppa

in Regulating Finance: Balancing Freedom and Risk

Published in print:
2004
Published Online:
July 2005
ISBN:
9780199270569
eISBN:
9780191602542
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0199270562.003.0002
Subject:
Economics and Finance, Financial Economics

This essay argues for the restatement and strengthening of bank licensing principles. Restatement will limit public interference in the financial and technological innovation process, and ensure that ... More


Conclusion: Themes and Prospects

E. Philip Davis

in Debt, Financial Fragility, and Systemic Risk

Published in print:
1995
Published Online:
November 2003
ISBN:
9780198233312
eISBN:
9780191596124
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198233310.003.0012
Subject:
Economics and Finance, Financial Economics

We seek in the conclusion to draw together the analysis of the book under four main headings, issues of finance (including equity finance, agency costs, and monetary policy issues), regulatory issues ... More


The Consequences of Financial Innovation: A Counterfactual Research Agenda

Josh Lerner and Peter Tufano

in The Rate and Direction of Inventive Activity Revisited

Published in print:
2012
Published Online:
February 2013
ISBN:
9780226473031
eISBN:
9780226473062
Item type:
chapter
Publisher:
University of Chicago Press
DOI:
10.7208/chicago/9780226473062.003.0017
Subject:
Economics and Finance, Development, Growth, and Environmental

This chapter explores the broader impacts of financial innovation. It looks at the literatures on financial innovation, and at the similarities and differences between financial innovation and other ... More


Regulation

Youssef Cassis

in Crises and Opportunities: The Shaping of Modern Finance

Published in print:
2011
Published Online:
May 2011
ISBN:
9780199600861
eISBN:
9780191724930
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199600861.003.0006
Subject:
Business and Management, Finance, Accounting, and Banking, Business History

The demand if not the need for regulation is at its highest during and especially immediately after a severe financial crisis. This is when the opportunity for real change, as opposed to an ... More


Beyond Junk Bonds: Expanding High Yield Markets

Glenn Yago and Susanne Trimbath

Published in print:
2003
Published Online:
November 2003
ISBN:
9780195149234
eISBN:
9780199871865
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/0195149238.001.0001
Subject:
Economics and Finance, Financial Economics

Since financial myths exploded in the 1980s, the perspective of time creates a unique opportunity to update and expand the analysis begun in Glenn Yago's 1991 book, Junk Bonds: How High Yield ... More


Financial Innovation: Balancing Private and Public Interests

Michael Haliassos

in Financial Innovation: Too Much or Too Little?

Published in print:
2013
Published Online:
January 2015
ISBN:
9780262018296
eISBN:
9780262305495
Item type:
chapter
Publisher:
The MIT Press
DOI:
10.7551/mitpress/9780262018296.003.0010
Subject:
Economics and Finance, Financial Economics

Financial innovation takes different forms and is evolutionary, making it difficult to predict its costs and benefits ex ante. It is driven by user needs, especially their desire to alter the ... More


Richard Cantillon: Entrepreneur and Economist

Antoin E. Murphy

Published in print:
1989
Published Online:
November 2003
ISBN:
9780198286820
eISBN:
9780191596681
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/0198286821.001.0001
Subject:
Economics and Finance, History of Economic Thought

This book analyses the career and writings of the enigmatic Irish‐born economist Richard Cantillon, a banker and entrepreneur. Cantillon's work is examined in the context of the stock market ... More


The Connexionist Nature of Modern Financial Markets: From a Domination to a Justice Order? 1

Isabelle Huault and Hélène Rainelli-Weiss

in New Spirits of Capitalism?: Crises, Justifications, and Dynamics

Published in print:
2013
Published Online:
January 2013
ISBN:
9780199595341
eISBN:
9780191750755
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199595341.003.0008
Subject:
Business and Management, Political Economy

In this paper, we notice that a large proportion of modern financial markets, and the near totality of derivatives markets are OTC markets where bilateral contracts are exchanged between ... More


The Spanish Banking Industry

Jordi Canals

in Competitive Strategies in European Banking

Published in print:
1994
Published Online:
October 2011
ISBN:
9780198773504
eISBN:
9780191695322
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780198773504.003.0005
Subject:
Business and Management, Strategy, Finance, Accounting, and Banking

This chapter provides a brief historical background of the Spanish financial system, which has experienced significant changes over the course of the last 13 years at varying rates, though a sense of ... More


After the Great Complacence: Financial Crisis and the Politics of Reform

Ewald Engelen, Ismail Ertürk, Julie Froud, Sukhdev Johal, Adam Leaver, Mick Moran, Adriana Nilsson, and Karel Williams

Published in print:
2011
Published Online:
January 2012
ISBN:
9780199589081
eISBN:
9780191731150
Item type:
book
Publisher:
Oxford University Press
DOI:
10.1093/acprof:oso/9780199589081.001.0001
Subject:
Business and Management, Finance, Accounting, and Banking, Political Economy

This book addresses two important questions: first, why did financial innovation lead to the crisis in the banking sector that developed in 2007–8; and, second, why the political reform of finance ... More


France 1714–1715

Antoin E. Murphy

in John Law: Economic Theorist and Policy-maker

Published in print:
1997
Published Online:
November 2003
ISBN:
9780198286493
eISBN:
9780191596674
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/019828649X.003.0010
Subject:
Economics and Finance, History of Economic Thought

Discusses the bankrupt state of the French economy when Louis XIV died. It also discusses the regency of Phillippe duc d’Orléans. The operation of the old financial system and Law's recommendations ... More


Econometrics in Action

David F. Hendry

in Dynamic Econometrics

Published in print:
1995
Published Online:
November 2003
ISBN:
9780198283164
eISBN:
9780191596384
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198283164.003.0016
Subject:
Economics and Finance, Econometrics

The methods, approaches, and principles are applied to modelling the transactions demand for money in the UK over 1963–89. Financial innovations affect the opportunity cost of holding money, captured ... More


The Writing and Contents of the Essai Sur La Nature Du Commerce En Général

Antoin E. Murphy

in Richard Cantillon: Entrepreneur and Economist

Published in print:
1989
Published Online:
November 2003
ISBN:
9780198286820
eISBN:
9780191596681
Item type:
chapter
Publisher:
Oxford University Press
DOI:
10.1093/0198286821.003.0013
Subject:
Economics and Finance, History of Economic Thought

Deals with the model building approach of the Essai, the emphasis on markets and entrepreneurs, the circular flow of income, the linking of money to the real economy, the specie flow mechanism, ... More


Trends in Banking

Xavier Vives

in Competition and Stability in Banking: The Role of Regulation and Competition Policy

Published in print:
2016
Published Online:
January 2018
ISBN:
9780691171791
eISBN:
9781400880904
Item type:
chapter
Publisher:
Princeton University Press
DOI:
10.23943/princeton/9780691171791.003.0002
Subject:
Business and Management, Finance, Accounting, and Banking

This chapter discusses basic trends in the banking sector that are being driven by technological and regulatory changes. It first considers the expansion of banking and financial intermediation, the ... More


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