The book discusses leading issues in Islamic economics and finance that continue to remain in a fluid, non-consensual state in the profession. It examines the nature and significance of Islamic economics. The book deals with the mainstream topics including growth, environment, distributive justice, monetary policy, risk treatment, methodology and Basel Accords to rehabilitate them for the Islamic discipline within the framework of scarcity, self-interest and gain maximization. Further, it explores the role of the state in directing the economy toward achieving Islamic goals of development and welfare.

Procyclicality of the financial system is a feature of any normally functioning economy. However, procyclicality can sometimes become 'excessive' leading to undesired effects on the real economy. The challenge that this volume addresses is to define 'excessive' and to identify policy actions that could produce superior outcomes.

This book deals with the political philosophy that underpins theories of European integration and develops an understanding of Europeanization based on downloading and up-loading. Downloading is the means by which EU policy is amalgamated with domestic legislation and institutions. Up-loading indicates the use of national governments or sub-national interests in the development of European integration processes. European integration takes place at the supranational level and in general, is distinct from Europeanization. Through a study of financial services regulation these processes are made explicit.

Until recently, central bank independence was confined to just two major capitalist countries, the USA and Germany. As a result of stagflation and the voguish espousal of neo-liberalism in the 1980s, the institution has been adopted in most OECD and in many other countries. This book questions the principle of autonomy, examining the Bundesbank in historical context and exposing the flaws in both the technical and the political case for the wholesale adoption of the Bundesbank model by other states.

In this book, originally published in 1992, the official history of the Bank of England was continued into the late wartime and early postwar periods. The author's position as a central banker by trade and a former Executive Director of the Bank put him in an ideal position to carry out this analysis. His account examines mainly how the Bank moved on after the hurried nationalisation of 1946 and led a vigourous though often frustrated life in the postwar years, when sterling was subject to recurrent external weakness and when domestic monetary policy was beset by difficulties of content and conduct. The Bank's relationship with the Treasury is central to the story, but Mr Fforde also examines its evolving relationship with the financial community and with central banks overseas. The Bank's contribution to public policy, in a frequently controversial field, is explained and assessed.

Banking Regulation in China provides an in-depth analysis of the country's contemporary banking regulatory system, focusing on regulation in practice. By drawing on public and private interest theories relating to bank regulation, He argues that controlled development of the banking sector transformed China's banks into more market-oriented institutions and increased public sector growth. This work proves that bank regulation is the primary means through which the Chinese government achieves its political and economic objectives rather than using it as a vehicle for maintaining efficient financial markets.

The global financial crisis of 2008 has shown the great dangers of a pronounced imbalance in the financial system. The numerous regulatory components of the global financial system all aim to increase the stability and transparency of the system and thereby restore the confidence of market participants in credit institutions. The requirements lead to considerable challenges for the market participants: structures have to be changed, business models have to be revised, systems have to be checked for their functionality. Stable Banks in Challenging Times is a collection of speeches delivered by Andreas Dombret during his eight-year tenure as a board member of the Deutsche Bundesbank, the German central bank, and also, from 2014 onwards, his term on the Supervisory Board of the European Central Bank. He also represented Germany at the G7, the G20, the IMF, the FSB, the Basel Committee, the OECD and the BIS. As witness to the challenges created by the global financial crisis of 2008, Andreas Dombret helped to shape large parts of the new regulatory framework. He successfully monitored future developments such as digitalization, Brexit and climate change, and their effects on the risk situation in the global banking industry. His insights are an invaluable look at the inner workings of global financial regulation and policy. Financial system academics and researchers as well as professionals in banking, the financial sector, central banking and bank supervision will gain perspective from the author's observations as they pertain both to the past and our future.

To provide an understanding of financial globalization from a historical point of view, this book sheds light on international banking in Asia before World War II. International banking facilitated the relationship between Asian economic development and international financial centres. Focusing on the origins of a wide variety of banks not just from Europe but beyond Europe, such as the United States and Asia, particularly Japan and China, this book comprehensively explores competition and collaboration among international banks in Asia. It clarifies international banking's role of integrating the global market and the impact on both ends of the global economy-the international financial centres in the developed world and the developing economies in Asia. Economic development in Asia from the late nineteenth century to the 1930s as a part of the globalizing economy mirrors Asia's current role as the global economic-growth powerhouse. This book focuses on the two key similarities between Asia's past and present: intra-Asian relationships and the relationship between Asia and developed economies, namely, Europe, the United States, and Japan. Getting into the heart of the relationships, i.e., finance, this book presents a sophisticated and realistic image of the tangled network of international economic relations, distinguished from the conventional image of a one-sided advantage or disadvantage among involved nations.

The horizontalist perspective is an extension of the post-Keynesian approach, that has hitherto focused on a theory of credit and money. This book extends horizontalism beyond its traditional boundaries and makes it consistent with the post-Keynesian theories of output and the open economy. The authors compare and contrast the horizontalist position with various orthodox and non-orthodox views on money. They argue that horizontalism is perfectly compatible with liquidity preference, credit constraints, and a flexible interest-rate mark-up, and address recent developments in banking that reinforce the validity of a horizontal schedule of credit-money. The overall intention is to place horizontalism within the current heterodox tradition as a general theory of the creation of money that is consistent with the post-Keynesian view on macroeconomic policy. Credit, Interest Rates and the Open Economy is essential reading for those who wish to expand their theoretical understanding of international financial issues and will be of great interest to those involved in macroeconomics, money and banking and radical economics.

With Asia as its backdrop, this book investigates the role played by the World Bank Group (WBG) in conceptualising and promoting new mining regimes tailored for resource-rich country clients. It details a particular politics of mining in the Global South characterised by the transplanting, hijacking and contesting of the WBG's mining agenda.

"Advances in Accounting Education" is a refereed, academic research annual whose purpose is to help meet the needs of faculty members interested in ways to improve their classroom instruction. Thoughtful, well-developed articles are published that are readable, relevant and reliable. Articles may be either empirical or non-empirical. They emphasize pedagogy, i.e., explaining how faculty members can improve their teaching methods or how accounting units can improve their curricula/programs. It examines diverse issues such as software use, cultural differences, perceptions of the profession, and more. It emphasizes on pedagogy and how faculty can improve their teaching. It contains peer reviewed articles which include empirical and non-empirical findings.

This useful new book contributes to the understanding of competition policy in the Mexican banking system and explains how levels of competition relate to banks' efficiency. It contrasts concepts of economic theory with empirical evidence to distill optimal policy decisions. The authors study the banking sector in Mexico, a developing country with a regulated and sound banking system and an industry with strong participation from global systemic banks. However, the Mexican banking system continues to have low financial deepening in the economy. Simultaneously, changes experienced by the Mexican financial system in recent decades have completely transformed its architecture, structure of ownership and control, and its competitive conditions, and have undeniably affected system performance and efficiency. This provides a natural laboratory in which to answer the questions of scholars, economists, and policymakers.

Money, Banking, and the Business Cycle provides a comprehensive framework for analyzing these mechanisms, and offers a robust prescription for reducing financial instability over the long-term. Volume I bridges tough economic theory with empirical evidence.

This book is a cutting-edge exploration of the UK commercial banking industry, as reflected primarily in the experience of the four main clearing banks: Barclays, Lloyds, Midland and NatWest. What will the industry look like in the future? What strategies, cultures and organisational forms will distinguish the survivors from the non-survivors? Will the dominant form be the highly diversified, global, financial supermarket, the so-called universal bank, the more focused niche player, both, or some other type? To answer these questions, David Rogers draws upon very high level access to the leading players in this evolving industry.

This text is concerned with the increasingly important and problematic area of financial exclusion, broadly defined as the inability and/or reluctance of particular societal groups to access mainstream financial services. This has emerged as a major international policy issue. There is growing evidence that deregulation in developed financial sectors improves financial inclusion for some societal groups (more products become available to a bigger customer base), but may at the same time exacerbate it for others (for example, by emphasizing greater customer segmentation and more emphasis on risk-based pricing and 'value added'). In developing countries access to financial services is typically limited and therefore providing wider access to such services can aid financial and economic development. This is the first text to analyze financial exclusion issues in different parts of the world and it covers the various public and private sector mechanisms that have been advanced to help eradicate this problem.

Since the North American Free Trade Agreement (NAFTA) took effect at the start of 1994, production and trade in goods and services have become ever more integrated in the region. Banking and financial systems thus also must increasingly inform, adjudicate, transact, invest, insure, and intermedi ate all across North America. Presently, however, there is no single, or up to-date source of information on the banking and finance systems of the current NAFTA countries-Canada, the United States, and Mexico. Relying on top specialists from international financial organizations, central banks, regulatory authorities, and universities, this and a companion volume together bridge that information gap. The focus is not just on description but on regulatory and institution-building challenges posed by the opening up of domestic financial markets, and on the political economy of reforms. The ultimate goal is to enhance the process of safe and efficient integration by policies, regulations, and private initiatives that contribute to the welfare of people in North America and beyond. This volume goes into essential detail in assessing banking and finance regulations, supervision, and prudential and operating standards in the NAFTA countries in a global context."

A study of institutional transformation over 50 years that mirrors changing perceptions of economic development in Britain's aid policies. CD's development impact is increasingly seen in terms of achieving economic externalities. Forthcoming privatization raises new issues of the compatibility of CD's developmental role with meeting the requirements of private investors and capital markets.

The Basel Committee on Banking Supervision (BCBS) sets the guidelines for world-wide regulation of banks. It is the forum for agreeing international regulation on the conduct of banking. Based on special access to the archives of the BCBS and interviews with many of its key players, this book tells the story of the early years of the Committee from its foundation in 1974/5 right through until 1997 - the year that marks the watershed between the Basel I Accord on Capital Adequacy and the start of work on Basel II. In addition, the book covers the Concordat, the Market Risk Amendment, the Core Principles of Banking and all other facets of the work of the BCBS. While the book is primarily a record of the history of the BCBS, it also provides an assessment of its actions and efficacy. It is a major contribution to the historical record on banking supervision.

Since the North American Free Trade Agreement (NAFTA) took effect at the start of 1994, production and trade in goods and services have become ever more integrated in the region. Banking and financial systems thus also must increasingly inform, adjudicate, transact, invest, insure, and intermediate all across North America. Presently, however, there is no single or up-to-date source of information on the banking and finance systems of current (Canada, the United States, and Mexico) and prospective (Chile) NAFTA countries. This volume presents the first report on the banking and financial structure of each of the three NAFTA countries and Chile.

Peter Rose focuses in this volume on a new and ongoing movement in banking--the rapid spread of banks and bank holding companies across state lines. As Rose notes at the outset, legislation to allow banks to cross state lines is now law in 46 states. While many analysts believe that full-service interstate banking will bring badly needed capital to struggling local economies and help stem the rising tide of savings and loan failures, there is growing concern in the regulatory community and among some bankers and consumer groups that this trend will only exacerbate current problems of excessive risk exposure in the banking industry. Rose evaluates these contending views exploring in detail interstate banking's potential benefits and costs and assessing the movement's future in an increasingly global society and volatile international economy. He concludes new federal and state policies that both protect the public interest and bring greater stability to the banking industry are necessary before interstate banking can fulfill the promises of its supporters.

Among the critical issues Rose addresses are the ways in which leading banking organizations assess potential market areas, how these same organizations select particular banking institutions as targets for acquisition, and what changes in services and service pricing are likely in the wake of an interstate banking acquisition. He examines the special challenges and problems the interstate banking movement creates for federal and state regulatory authorities and considers what new federal and state legislation and regulation may be needed to deal with these problems. Arguing that for savings-investment channels to work well banks must benefit from full public confidence, Rose calls for the institution of measures such as frequent and thorough FDIC inspections, insurance fees tied to level of risk exposure, and full disclosure of bank finances. Numerous tables amplify points made in the text. Must reading for advanced courses in finance and banking, this book will also be of significant interest to regulators, policymakers and banking executives concerned about the potential impact of a widening trend toward interstate full-service banking.

Examines the policy of conditionality and cross-conditionality, which international institutions like the International Monetary Fund and World Bank apply to grant loans to developing countries. The explosion of conditionality has become a key issue in international relations since the mid-1980s. This book presents six detailed country studies on the issue, written by distinguished academics and/or senior policy makers, from these countries. The countries featured include Argentina, Chile, Costa Rica, Jamaica, Mexico and Tanzania and conclusions and policy lessons are drawn from these.