A Political Economy of Banking Supervision - Missing a Chance (Hardcover, 1st ed. 2020)

This book examines the effect of banking on the real economy and society, focusing on banking supervision as the decisive factor in steering banking activities and determining the social outcome of the game of finance. Banking is like a cardiovascular system for our society. If it functions correctly, it allows the economy to operate smoothly. On the other hand, if it malfunctions it becomes a doomsday device. This creates an asymmetry of risks - the asymmetry between the potential dire consequences and the modest rewards of accepting those risks. Banking was one of the critical technological factors enabling the transition from the middle ages and the creation of modern society. However, while today it contributes little to economic growth, its malfunction has a profound and lasting adverse impact. The book explains why, how and what. Why is it important to keep tight supervision of the banks? How can banking supervision improve stability, not only of the financial system but also of the whole human society? What went wrong with the regulation in the past?

General

Imprint:	Springer Nature Switzerland AG
Country of origin:	Switzerland
Release date:	June 2020
First published:	2020
Authors:	Damir Odak
Dimensions:	235 x 155mm (L x W)
Format:	Hardcover
Pages:	181
Edition:	1st ed. 2020
ISBN-13:	978-3-03-048546-7
Categories:	Books > Business & Economics > Economics > Political economy Books > Business & Economics > Economics > International economics > General Books > Business & Economics > Finance & accounting > Finance > Banking Books > Business & Economics > Industry & industrial studies > Service industries > Financial services industry Books > Business & Economics > Finance & accounting > Finance > Public finance > General Books > Money & Finance > Banking Books > Money & Finance > Public finance > General Promotions
LSN:	3-03-048546-3
Barcode:	9783030485467

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