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The Oxford Handbook of Banking

The Oxford Handbook of Banking

Author: Allen Berger; Philip Molyneux; John Wilson
Publisher: Oxford University Press
ISBN: 9780199640935
Published In: January 2012
Format: Paperback
Jurisdiction: U.K. ? Disclaimer:
Countri(es) stated herein are used as reference only

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The original volume in the major new OUP series, Oxford Handbooks in Finance, now available in paperback
Contains 35 original research contributions from the top names in banking and finance
Written from an international perspective
Extensive coverage of theoretical and empirical research

The Oxford Handbook of Banking provides an overview and analysis of state-of-the-art research in banking written by leading researchers in the field. This handbook will appeal to graduate students of economics, banking and finance, academics, practitioners and policy makers. Consequently, the book strikes a balance between abstract theory, empirical analysis, and practitioner and policy-related material.

The handbook is split into five parts. Part I, The Theory of Banking, examines the role of banks in the wider financial system, why banks exist, how they function, and their legal and governance structures. Part II entitled Regulatory and Policy Perspectives discusses monetary policy, prudential regulation and supervision, and antitrust policy. Part III deals with Bank Performance. A number of issues are assessed including efficiency, financial innovation and technological change, globalization and ability to deliver small business, consumer, and mortgage lending services. Part IV of the book provides an overview of Macroeconomic Perspectives in Banking. This part includes a discussion of the determinants of bank failures and crises, and the impact on financial stability, institutional development, and economic growth. Part V examines International Differences in Banking Structures and Environments. This part of the handbook examines banking systems in the United States, Western Europe, Transition countries, Latin America, Japan and the developing nations of Asia.

Readership: This Handbook will appeal to graduate students of economics, banking and finance, academics, practitioners, and policy makers.

1: Allen Berger, Philip Molyneux, and John O.S. Wilson: Banking: An Overview

PART I: THE THEORY OF BANKING

2: Franklin Allen and Elena Carletti: The Roles of Banks in Financial Systems

3: Arnoud W.A. Boot and Anjan V. Thakor: The Accelerating Integration of Banks and Markets and its Implications for Regulation

4: Linda Allen and Anthony Saunders: Risk Management in Banking

5: Philip E. Strahan: Liquidity Production in Twenty-first-century Banking

6: Kevin J. Stiroh: Diversification in Banking

7: Alan D. Morrison: Universal Banking

8: Richard Herring and Jacopo Carmassi: The Corporate Structure of International Financial Conglomerates: Complexity and its Implications for Safety and Soundness

PART II: REGULATORY AND POLICY PERSPECTIVES

9: Michel Aglietta and BenoÎt Mojon: Central Banking

10: Joe Peek and Eric S. Rosengren: The Role of Banks in the Transmission of Monetary Policy

11: Xavier Freixas and Bruno M. Parigi: Lender of Last Resort and Bank Closure Policy

12: Edward J. Kane: Regulation and Supervision: An Ethical Perspective

13: Robert A. Eisenbeis and George G. Kaufman: Deposit Insurance

14: Michael B. Gordy and Erik A. Heitfield: Risk-based Regulatory Capital and Basel II

15: Mark J. Flannery: Market Discipline in Bank Supervision

16: Astrid A. Dick and Timothy H. Hannan: Competition and Antitrust Policy in Banking

17: James R. Barth, Juan A. Marchetti, Daniel E. Nolle, and Wanvimol Sawangngoenyuang: World Trade Organization Commitments vs. Reported Practices on Foreign Bank Entry and Regulation: A Cross-country Analysis

PART III: BANK PERFORMANCE

18: Joseph P. Hughes and Loretta J. Mester: Efficiency In Banking: Theory, Practice, and Evidence

19: W. Scott Frame and Lawrence J. White: Technological Change, Financial Innovation, and Diffusion in Banking

20: Claudia M. Buch and Gayle L. DeLong: Banking Globalization: International Consolidation and Mergers in Banking

21: Allen N. Berger: Small Business Lending

22: Thomas A. Durkin and Gregory Elliehausen: Consumer Lending

23: Andreas Lehnert: Residential Mortgages

24: David Marques Ibanez and Martin Scheicher: Securitization: Instruments and Implications

PART IV: MACROECONOMIC PERSPECTIVES IN BANKING

25: Olivier de Bandt, Philipp Hartmann, and José Luis Peydró: Systemic Risk in Banking: An Update

26: Gerard Caprio and Patrick Honohan: Banking Crises

27: Charles W. Calomiris: The Great Depression and other 'Contagious' Events

28: David Humphrey and James McAndrews: Payments Systems

29: Asli Demirgüç-Kunt: Finance and Economic Development: The Role of Government

30: Nicola Cetorelli: Banking and Real Economic Activity

PART V: INTERNATIONAL DIFFERENCES IN BANKING STRUCTURES AND ENVIRONMENTS

31: Robert DeYoung: Banking in the United States

32: John Goddard, Philip Molyneux, and John O.S. Wilson: Banking in the European Union

33: John P. Bonin, Iftekhar Hasan, and Paul Watchel: Banking in Transition Countries

34: Fernando J. Cardim de Carvalho, and Luiz Fernando de Paula, and Jonathan Williams: Banking in Latin America

35: Hirofumi Uchida and Gregory Udell: Banking in Japan

36: Leora Klapper, Maria Soledad Martinez-Peria, and Bilal Zia: Banking in the Developing Nations of Asia: An Overview of Recent Changes in Ownership Structure;

Edited by Allen N. Berger, H. Montague Osteen, Jr. Professor in Banking and Finance, Moore School of Business, University of South Carolina, and Senior Fellow, Wharton Financial Institutions Center, Philip Molyneux, Professor of Banking and Finance, and Head of Bangor Business School, and John O.S. Wilson, Professor of Banking and Finance at the University of St Andrews

Allen N. Berger was Senior Economist from 1989 to 2008 and Economist from 1982-1989 at the Board of Governors of the Federal Reserve System. He has published more than 100 articles, including papers in the Journal of Political Economy, American Economic Review, Journal of Monetary Economics, Journal of Finance, Journal of Financial Economics, and Review of Financial Studies. He received a PhD in Economics from the University of California, Berkeley in 1983, and a BA in Economics from Northwestern University in 1976.

Philip Molyneux's research interests include competition, risk and performance in European banking, and developments in global wealth management. In 2001 he was the Visiting Bertill Daniellson Research Fellow at the Stockholm School of Economics and University of Gothenburg. Between 2002 and 2005 he acted as a member of the ECON Financial Services expert panel for the European Parliament. He has held visiting Professorships at Bocconi University, Erasmus University, and Bolzano Free University (Italy).

John O.S. Wilson's research interests focus on the areas of European Banking, UK and US Credit Unions, and Financial Exclusion. He has been involved in work that examines the profitability and growth of European banks; competition, risk, and performance in European banking; growth, development, diversification, technology adoption, mergers, and performance of credit unions, and their role in tackling financial exclusion.

Contributors:

Michel Aglietta, University of Paris-X
Franklin Allen, University of Pennsylvania
Linda Allen, City University of New York
Oliver de Bandt, Banque de France and University of Paris-X
James R. Barth, Auburn University
Allen N. Berger, University of South Carolina
John P. Bonin, Wesleyan University, Connecticut
Arnoud W.A. Boot, University of Amsterdam
Claudia M. Buch, University of Tübingen
Charles W. Calomiris, Columbia University
Gerard Caprio, Williams College
Elena Carletti, European University Institute
Fernando J. Cardim de Carvalho, Federal University of Rio de Janeiro
Jacopo Carmassi, Assonime
Nicola Cetorelli, Federal Reserve bank of New York
Gayle L. DeLong, Baruch College
Asli Demirgüç-Kunt, World Bank
Robert DeYoung, University of Kansas
Astrid A. Dick, INSEAD
Thomas A. Durkin, Federal Reserve System, Washington DC
Robert A. Eisenbeis, Cumberland Advisors
Gregory Elliehausen, The George Washington University
Mark J. Flannery, University of Florida
W. Scott Frame, Federal reserve Bank of Atlanta
Xavier Freixas, Universitat Pompeu Fabra
John Goddard, University of Wales
Michael B. Gordy, Federal Reserve Board
Timothy H. Hannan, Federal Reserve System
Philipp Hartmann, European Central Bank
Iftekhar Hasan, Rensselaer Polytechnic Institute in Troy
Erik A. Heitfield, Federal Reserve Board
Richard Herring, University of Pennsylvania
Patrick Honohan, Trinity College Dublin
Joseph P. Hughes, Rutgers University
David Humphrey, Florida State University
Edward J. Kane, Boston College
George G. Kaufman, Loyola University Chicago
Leora Klapper, World Bank, Washington
Andreas Lehnert, Federal Reserve Board, Washington
Juan A. Marchetti, World Trade Organization
James McAndrews, Federal Reserve Bank New York
David Marqués Ibáñez, European Central Bank
Maria Soledad Martinez-Peria, World Bank
Loretta J. Mester, Federal Reserve Bank of Philadelphia
Benoît Mojon, Banque de France
Philip Molyneux, Bangor University
Alan D. Morrison, University of Oxford
Daniel E. Nolle, US office Comptroller of the Currency
Bruno Parigi, University of Padova
Luiz Fernando de Paula, State University of Rio de Janeiro
Joe Peek, University of Kentucky
José Luis Peydró, European Central Bank
Eric S. Rosengren, Federal Reserve Bank of Boston
Anthony Saunders, New York University
Wanvimol Sawangngoenyuang, Bank of Thailand
Martin Scheicher, European Central Bank
Kevin J. Stiroh, Federal Reserve Bank of New York
Philip E. Strahan, Boston College
Anjan V. Thakor, Washington University in St Louis
Hirofumi Uchida, Graduate School of Business Administration, Kobe
Gregory Udell, Indiana University
Paul Wachtel, New York University
Lawrence J. White, New York University
Jonathan Williams, Bangor University
John O.S. Wilson, University of St Andrews
Bilal Zia, World Bank

Review(s) from previous edition

"Impressive...written by outstanding researchers...provides a unique combination of banking relevant theory, empirical research and policy related material - The European Money and Finance Forum

"The Oxford Handbook of Banking provides a masterful and comprehensive examination of the role of banks in the economy. Anyone with an interest in banking should have this book as a ready reference. Anyone seeking to become an expert in banking should read this insightful compilation of essays carefully." - Professor Ross Levine, James and Merryl Tisch Professor of Economics and Director, William R. Rhodes Center for International Economics and Finance, Brown University

"The Oxford Handbook of Banking is a veritable tour-de-force. It collects in one place chapters by a who's who of the top researchers in the field. It offers anyone interested in banking an accessible, comprehensive, and state-of-the-art treatment of the subject. It is a must-read for students and researchers alike, as well as anyone interested in understanding the origins of the financial crisis of 2007-2009." - Professor Raghuram G. Rajan, Eric J. Gleacher Distinguished Service Professor of Finance, the University of Chicago Booth School of Business, and former Chief Economist at the International Monetary Fund

"Given the important role of banks in the recent worldwide financial crisis, The Oxford Handbook of Banking, edited by Allen Berger, Phillip Molyneux and John Wilson, couldn't be more timely. This book provides in-depth analyses of the most important issues in banking by the very best scholars in the field. It will be a valuable reference book for years to come." - Frederic Mishkin, Alfred Lerner Professor of Banking and Financial Institutions, Graduate School of Business, Columbia University and Research Associate, National Bureau of Economic Research .