Download or read book Why Do Banks Fail and What to Do About It written by Nordine Abidi and published by Springer Nature. This book was released on with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The US Banking Sector Since the March 2023 Turmoil written by Mr. Tobias Adrian and published by International Monetary Fund. This book was released on 2024-03-05 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: In March 2023, the US banking sector turmoil sent a shockwave through the global financial system. Silicon Valley Bank (SVB), the 16th largest bank in the country, collapsed in a matter of days, followed by Signature Bank (SBNY) and First Republic Bank (FRB), marking the largest bank failures after Washington Mutual Bank in 2008. Triggered by sizable deposit outflows, this event raised concerns about the soundness of the rest of the US banking sector, in particular, other banks of similar or smaller size with large amounts of uninsured deposits, unrealized losses, and commercial real estate exposures. The March turmoil is a powerful reminder of the challenges posed by the interaction between tighter monetary and financial conditions and the buildup in vulnerabilities—challenges amplified by ineffective interest, liquidity, and credit risk management practices at some banks. This note offers an analysis of the main attributes of the affected banks to assess the extent to which vulnerabilities persist in a weak tail of banks . Furthermore, the note provides a prospective assessment by evaluating the medium-term risks to financial stability posed by this weak tail.

Download or read book Regulating Wall Street written by N. Y. U. Stern NYU Stern School of Business and published by . This book was released on 2017-03-13 with total page 268 pages. Available in PDF, EPUB and Kindle. Book excerpt: This White Paper is the joint work of more than a dozen faculty members of the NYU Stern School of Business and the NYU School of Law. Stern and Law School faculty have published several books in recent years on regulatory reform, including a comprehensive assessment of the Dodd-Frank Act.The goal of the authors remains to contribute thoughtfully to the public discussion about ensuring a safe and efficient financial system. This White Paper, which builds on earlier Stern faculty publications, assesses the strengths and weaknesses of the Financial CHOICE Act proposed by the House Financial Services Committee. The CHOICE Act is the most comprehensive proposal for financial reform since Dodd-Frank and would, if enacted, dramatically alter the regulatory regime established by Dodd-Frank.

Download or read book The Financial Crisis Inquiry Report written by Financial Crisis Inquiry Commission and published by Cosimo, Inc.. This book was released on 2011-05-01 with total page 692 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Financial Crisis Inquiry Report, published by the U.S. Government and the Financial Crisis Inquiry Commission in early 2011, is the official government report on the United States financial collapse and the review of major financial institutions that bankrupted and failed, or would have without help from the government. The commission and the report were implemented after Congress passed an act in 2009 to review and prevent fraudulent activity. The report details, among other things, the periods before, during, and after the crisis, what led up to it, and analyses of subprime mortgage lending, credit expansion and banking policies, the collapse of companies like Fannie Mae and Freddie Mac, and the federal bailouts of Lehman and AIG. It also discusses the aftermath of the fallout and our current state. This report should be of interest to anyone concerned about the financial situation in the U.S. and around the world.THE FINANCIAL CRISIS INQUIRY COMMISSION is an independent, bi-partisan, government-appointed panel of 10 people that was created to "examine the causes, domestic and global, of the current financial and economic crisis in the United States." It was established as part of the Fraud Enforcement and Recovery Act of 2009. The commission consisted of private citizens with expertise in economics and finance, banking, housing, market regulation, and consumer protection. They examined and reported on "the collapse of major financial institutions that failed or would have failed if not for exceptional assistance from the government."News Dissector DANNY SCHECHTER is a journalist, blogger and filmmaker. He has been reporting on economic crises since the 1980's when he was with ABC News. His film In Debt We Trust warned of the economic meltdown in 2006. He has since written three books on the subject including Plunder: Investigating Our Economic Calamity (Cosimo Books, 2008), and The Crime Of Our Time: Why Wall Street Is Not Too Big to Jail (Disinfo Books, 2011), a companion to his latest film Plunder The Crime Of Our Time. He can be reached online at www.newsdissector.com.

Download or read book Global Financial Stability Report April 2023 written by International Monetary Fund. Monetary and Capital Markets Department and published by International Monetary Fund. This book was released on 2023-04-11 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt: The baseline forecast is for growth to fall from 3.4 percent in 2022 to 2.8 percent in 2023, before settling at 3.0 percent in 2024. Advanced economies are expected to see an especially pronounced growth slowdown, from 2.7 percent in 2022 to 1.3 percent in 2023. In a plausible alternative scenario with further financial sector stress, global growth declines to about 2.5 percent in 2023 with advanced economy growth falling below 1 percent. Global headline inflation in the baseline is set to fall from 8.7 percent in 2022 to 7.0 percent in 2023 on the back of lower commodity prices but underlying (core) inflation is likely to decline more slowly. Inflation’s return to target is unlikely before 2025 in most cases.

Download or read book 2023 Culture Conduct Risk in the Banking Sector written by Stephen Scott and published by Starling Insights, Inc.. This book was released on 2023-06-07 with total page 446 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Compendium is a publication of Starling Insights, a membership-based platform that is a resource for and by the community of leaders, experts, and practitioners working to bring new ideas and tools to the governance and supervision of cultural, behavioral, and other nonfinancial risks and performance outcomes. Readers will find discussion throughout this report, in articles by and interviews with dozens of contributors, among them: regulators, supervisors, central bankers and policymakers; standard setting bodies and industry associations; industry executives and peers from other sectors; prominent legal thinkers and practicing attorneys; as well as renowned scholars from various disciplines. We are humbled by their continued collective generosity and hope that our 2023 Compendium is found to be as valuable to readers as its predecessors.

Download or read book The Central Bank as Crisis Manager written by Patrick Honohan and published by Peterson Institute for International Economics. This book was released on 2024-11-22 with total page 170 pages. Available in PDF, EPUB and Kindle. Book excerpt: The world’s central banks have confronted crisis after crisis in recent years—both before and since the global financial crisis. Yet many of these events seem to take central banks by surprise, obliging them to improvise. In this important study, Patrick Honohan, former governor of the Central Bank of Ireland, calls on central banks to make preparation for crisis management a core activity. They should be ready to deal with the unexpected. Departing from the rather sedate mode of operation appropriate to their normal focus on price stability and risk control, they must speed up their decision making, change their style of communication, and be more open to cooperation with governments when a crisis hits. They need to keep careful track of changing financial market practices, evaluating solvency in murky situations and quickly weighing the tradeoffs involved in measures that can help contain the crisis but have adverse side-effects. The Central Bank as Crisis Manager warns that failure to recognize these challenges could be costly for society.

Download or read book Professional Perspectives on Banking and Finance written by Moorad Choudhry and published by Emerald Group Publishing. This book was released on 2024-06-12 with total page 249 pages. Available in PDF, EPUB and Kindle. Book excerpt: With 100% emphasis on accessible, clear, and applicable advice Professional Perspectives on Banking and Finance provides suggestions to instil best practice in any commercial bank.

Download or read book Governance and Policy Transformations in Central Banking written by Ahmed, Farhan and published by IGI Global. This book was released on 2024-02-07 with total page 334 pages. Available in PDF, EPUB and Kindle. Book excerpt: In central banking, the need for effective governance and policy transformations has never been more pressing. Central banks serve as the bedrock of a nation's financial stability, and yet, they face an array of complex challenges in the modern era. The delicate balance between autonomy from government influence and the necessity of adapting to external economic forces has become increasingly elusive. As the world grapples with the aftermath of a global pandemic and persistent economic turbulence, the demand for innovative strategies to safeguard economic and financial stability has reached a crescendo. Central bankers, economists, and policy experts are left grappling with the daunting task of navigating these treacherous waters, in dire need of a compass to guide them toward a resilient future. Governance and Policy Transformations in Central Banking is a groundbreaking book that transcends traditional boundaries to offer a comprehensive solution to the complex challenges faced by central banks worldwide. This book not only diagnoses problems, it also presents a meticulously curated collection of new empirical and theoretical chapters that illuminate the path forward. It is an invaluable resource that empowers central banks with the knowledge and tools necessary for development, governance, and policy transformation.

Download or read book It s Money written by Charles Moore and published by charles. This book was released on 2020-11-01 with total page 1311 pages. Available in PDF, EPUB and Kindle. Book excerpt: Because most people and their countries seek wealth and power, and because money and credit are the biggest single influence on how wealth and power rise and decline, if one does not seek knowledge of how money works, one cannot understand the biggest driver of politics within and between countries; hence one cannot understand how the world order works. If one doesn’t understand how the world order works, one can’t understand the post-pandemic debt tsunami that’s coming. I believe that the times ahead will be radically different from the times we have experienced so far in our lifetimes. It is indeed quite astonishing that money, ever-present in our lives, is so poorly understood; even by many economic experts themselves. This incomprehension stems from the deliberate efforts of the financial sector to “obscure its activities” in order to maintain its omnipotence. This book seeks to address this “crisis of ignorance” by providing an easily understood and comprehensive understanding of money in the hope of empowering people against finance’s grip over their lives and those of their society. The digital revolution post-pandemic, will lead to a radical departure from the traditional model of monetary exchange. The creation of a Digital Financial Market Infrastructure will underpin the unbundling and re-bundling of the functions of money within society. Although digital money itself is not new to modern economies, digital legal tender (DLT), which exists without any Ledger or Central Bank, will facilitate instantaneous peer-to-peer transfers of value in a way that today is impossible. The importance of digital connectedness, will often supersede the importance of macroeconomic links, and lead to the establishment of “Digital Financial Markets” linking the currency to membership of a particular financial market rather than to a specific country. Capitalism underpins wealth generation and hence the existence of a free digital financial market. This book seeks to transform Money into a digital currency, which supports a more equitable access to capital, and ensure its convertibility into a universal World Currency Unit as digital legal tender. Digital currencies without borders may also cause an upheaval of the international monetary system: countries that are socially or digitally integrated with their neighbours may face digital dollarization, and the prevalence of systemically important platforms could lead to the emergence of digital currency areas that transcend national borders. Digital legal tender, within a multiplicity of currencies, ensures that money as a public good, remains a relevant medium of exchange which achieves payment finality to all transactions. Additionally, the universal supranational-currency, the World Currency Unit is defined to support the global transfer of value between any two people on the planet today, without the need for any treaties, or financial service intermediaries. Universal access to capital which is readily convertible to globally trusted units of account combined with a censorship-resistant means of payment underpins global trade, will improve market access for holders of low per-unit value, producers, and consumers in developing and developed countries. The Vision is a Borderless Global Market, underpinning universal wealth creation, which never closes… This book defines the Universe of Discourse(domain) and hence creates a shared conceptual schema (or language) within which to communicate and deploy a Digital Currency, to achieve universal legal finality to all financial transactions.

Download or read book Financial Institutions in Distress written by Associate Professor Emeritus Ronald Davis and published by Oxford University Press. This book was released on 2023-08-25 with total page 465 pages. Available in PDF, EPUB and Kindle. Book excerpt: Political boundaries are often porous to finance, financial intermediation, and financial distress. Yet they are highly impervious to financial regulation. When inhabitants of a country suffering a deficit of purchasing power are able to access and deploy funds flowing in from a country with a surfeit of such power, the inhabitants of both countries may benefit. They may also benefit when institutions undertaking such cross-border financial intermediation experience economies of scale and are able to innovate and to offer funds and services at lower costs. Inevitably, however, at least some such institutions will sometimes act imprudently, some of the projects in which such funds are deployed may be unwise, and other such projects can suffer from unforeseen circumstances. As a result of such factors, a financial institution may suffer distress in one country, and may then transmit such distress to other countries in which it operates. The efficacy of any response to such cross-border transmission of distress may turn on the response being given due effect in both (or all) the territories in which the distressed financial institution operates. This situation creates a conundrum for policymakers, legislators, and regulators who wish to enable those subject to their jurisdiction to access the benefits of cross-border financial intermediation, yet cannot make rules and regulations that would have effect outside that jurisdiction. This book explores this conundrum and offers a response. It does so by drawing on and adding to the literatures on financial intermediation, regulation, and distress, and on existing hard and soft laws and regulations. The book advocates for the creation of a model law that would address the full range of financial institutions, including insurance companies, and that would enable relevant authorities to cooperate with counterparts in advance of the onset of distress and to give appropriate effect in their jurisdiction to measures taken by counterpart authorities in other jurisdictions in which the distressed institution also operates.

Download or read book Contemporary Finance written by Allan M. Malz and published by John Wiley & Sons. This book was released on 2024-10-29 with total page 439 pages. Available in PDF, EPUB and Kindle. Book excerpt: A clear new finance textbook that explains essential models and practices, and how the financial world works now Contemporary Financial Markets and Institutions: Tools and Techniques to Manage Risk and Uncertainty is an ideal introduction to finance for professionals and students. It covers the basic finance theory required to understand the contemporary financial world and builds on it to present finance in a detailed yet comprehensible way. It explains markets and institutions, and the central bank and government policies that influence how they operate. The book begins with an overview of basic finance theory, including investments, asset return behavior, derivatives pricing, and credit risk. It discusses topics that have dominated markets in recent decades, such as extreme events, liquidity, currency and debt crises, and radical changes in monetary policy and regulation. The concepts are presented alongside examples, strange market episodes, and data from recent experience. Contemporary Financial Markets and Institutions covers advanced credit topics like securitization in a straightforward, succinct way, without advanced mathematics, but with detailed examples using real market data. It integrates financial and macroeconomic content seamlessly. The book is suitable for use by undergraduate and graduate students, and by practitioners of all backgrounds. Abundant pedagogical resources in the book and online facilitate teaching. This book will help students and practioners: Learn the basic concepts and models in finance, including investment, asset pricing, uncertainty and risk, monetary policy and the regulatory system Explore recent developments, from the expansion of central banks to the chaos in commercial banking to changes in financial technology, that are dominating markets worldwide Gain knowledge of risk types, models, and measurement methods, and the impact of regulation Prepare yourself for a successful career in finance, or update your existing knowledge base with this comprehensive reference guide Ideal as a sole or supplementary textbook for beginning and advanced finance courses, as well as for practitioners in finance-related fields, this book takes a unique, market-focused approach that will serve readers well in our turbulent and puzzling times.

Download or read book PILLARS OF THE AMERICAN CENTURY written by Larry Bumgardner and published by Covenant Books, Inc.. This book was released on 2024-10-08 with total page 344 pages. Available in PDF, EPUB and Kindle. Book excerpt: Franklin Roosevelt and Ronald Reagan were the two most consequential and successful Presidents of the 20th Century. Most casual observers today think of them as polar opposites in their views on government and politics. But in fact, there are striking and surprising similarities between FDR and Reagan. Both Roosevelt and Reagan were optimistic leaders who restored the nation's confidence in difficult times. They rallied the country to success in the century's two greatest conflicts, World War II and the Cold War. They built a deep connection with the American people as the Great Communicators--FDR on radio, Reagan on television. With the 1900s widely recognized as the American Century, Roosevelt and Reagan might be considered the pillars standing tall near each end of that century of American dominance. Especially in today's polarized political environment, the policies, politics, and even personalities of these two political icons should be thoroughly examined. There are significant lessons to be learned by all those hoping to follow in their footsteps and to make the 21st Century yet another American Century.

Download or read book Silicon Valley Bank written by Xuan-Thao Nguyen and published by Cambridge University Press. This book was released on 2024-02-15 with total page 293 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a first-hand account of the founding, ascent, and dissolution of Silicon Valley Bank (SVB), a tech community bank founded in 1982 with US$5 million that became the nation's 13th largest bank and tech industry's lender and bank. In this pathbreaking work, which challenges conventional understanding of risky tech lending by showing how an independent community bank became the go-to bank for the tech industry in the United States, Xuan-Thao Nguyen includes interviews with key players, ranging from the original founders and early employees to the current CEO of SVB. Chapters explore how the relationship between the venture capital (VC) industry and SVB transformed the way commercial banks comply with banking regulators while lending and nurturing young tech clients. The book demonstrates why the relationships between investors, start-ups, bankers, lenders, experts, lawyers, regulators, and community leaders are key ingredients for ongoing innovation in the tech industry. The book concludes with the sobering dissection of SVB's sudden death by $142 billion cuts inflicted by tech bros, social media, and the Federal Reserve Bank's successive interest rate hikes to squash the overheated economy.

Download or read book Central Banking at the Frontier written by Thammarak Moenjak and published by Emerald Group Publishing. This book was released on 2024-09-27 with total page 361 pages. Available in PDF, EPUB and Kindle. Book excerpt: With a foreword by Sethaput Suthiwartnarueput, Governor of the Bank of Thailand, Central Banking at the Frontier: Creating a Digital Financial Landscape comprehensively explores the current digital dynamic era, providing insights into the debates that define the evolving financial landscape.

Download or read book Its Money The Epilogue written by Charles Moore and published by charles. This book was released on 2023-11-01 with total page 649 pages. Available in PDF, EPUB and Kindle. Book excerpt: Let me tell you why you should be reading this book. You’re here because you know something. What you know you cannot explain, but you feel it. You’ve felt it your entire life, that there is something wrong with the world. You don’t know exactly what it is, but it’s there, like a splinter in your mind driving you mad. It is this feeling that has brought you to this book. Our ancestors did not realise that they were duped – that these unpredictable and claimed, one off banking and financial crisis, are in fact deliberately engineered by commercial bankers to create the illusion that there is a problem, that only they can provide the solution. The way banks crush the people is to grind them between the millstones of debt and engineered inflation. This book provides a positive future for Money that is completely different, where capital will be scarce and therefore valued. The free flow of Capital means capital will be less wasted on spurious, inflationary, or speculative projects. Capital will be the basis for recovering economic progress, so sadly lost at an increasing pace since the dollar became purely an irredeemable fiat currency based solely upon unrepayable future dated private bank debt. The World Currency Unit, carries no credit or counterparty risks, it serves as a "value anchor" to the worlds currencies within all economic environments, making it the most crucial reserve asset worldwide. Collectively with the knowledge of money, currency, and capital, free from all forms of extortion and violence, we can change our future, this book provides the knowledge and tools to create a better world for ourselves, our family, and our society.

Download or read book The Bankers New Clothes written by Anat Admati and published by Princeton University Press. This book was released on 2024-01-09 with total page 624 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Wall Street Journal, Financial Times, and Bloomberg Businessweek Book of the Year Why our banking system is broken—and what we must do to fix it New bank failures have been a rude awakening for everyone who believed that the banking industry was reformed after the Global Financial Crisis—and that we’d never again have to choose between massive bailouts and financial havoc. The Bankers’ New Clothes uncovers just how little things have changed—and why banks are still so dangerous. Writing in clear language that anyone can understand, Anat Admati and Martin Hellwig debunk the false and misleading claims of bankers, regulators, politicians, academics, and others who oppose effective reform, and they explain how the banking system can be made safer and healthier. Thoroughly updated for a world where bank failures have made a dramatic return, this acclaimed and important book now features a new preface and four new chapters that expose the shortcomings of current policies and reveal how the dominance of banking even presents dangers to the rule of law and democracy itself.