Globalisation and Finance at the Crossroads

Description

Globalisation and the governance of the international financial system have arrived at the crossroads, where either a coherent level playing field for the cross-border activities of banks and multinational enterprises is settled upon, or the risk of another crisis will build up again. This book will explore the underlying problems alongside inconsistent economic and financial trends as a guide for researchers, advanced students and professionals to think about the interconnectedness of the factors involved. Readers will gain insights drawn from recent developments in economic theory and empirical research—a toolkit to help them in their future careers in economics and finance—illustrated with an analysis of the 2008 crisis and its aftermath. Front Matter ....Pages i-xli Globalisation Sets the Background to the Crisis (Adrian Blundell-Wignall, Paul Atkinson, Caroline Roulet)....Pages 1-39 Financial Innovation and Basel II (Adrian Blundell-Wignall, Paul Atkinson, Caroline Roulet)....Pages 41-85 The Watershed Year of 2004: Origins and Causes of the Crisis (Adrian Blundell-Wignall, Paul Atkinson, Caroline Roulet)....Pages 87-113 Business Models of Banks and Global Contagion (Adrian Blundell-Wignall, Paul Atkinson, Caroline Roulet)....Pages 115-136 Managing the Crisis, Exit and Requirements of Reform (Adrian Blundell-Wignall, Paul Atkinson, Caroline Roulet)....Pages 137-156 The Determinants of the Riskiness of Banks (Adrian Blundell-Wignall, Paul Atkinson, Caroline Roulet)....Pages 157-173 Why Bank Separation Must Complement the Leverage Ratio (Adrian Blundell-Wignall, Paul Atkinson, Caroline Roulet)....Pages 175-199 Assessing the Finalised Basel III Banking Regulation Regime (Adrian Blundell-Wignall, Paul Atkinson, Caroline Roulet)....Pages 201-235 Globalisation and Finance at the Crossroads (Adrian Blundell-Wignall, Paul Atkinson, Caroline Roulet)....Pages 237-269 Erratum to: Globalisation Sets the Background to the Crisis (Adrian Blundell-Wignall, Paul Atkinson, Caroline Roulet)....Pages E1-E1 Back Matter ....Pages 271-285