Banks on the Brink - Global Capital, Securities Markets, and the Political Roots of Financial Crises (Hardcover)

This innovative analysis investigates a complex issue of tremendous economic and political importance: what makes some countries vulnerable to banking crises, while others emerge unscathed? Banks on the Brink explains why some countries are more vulnerable to banking crises than others. Copelovitch and Singer highlight the effects of two variables in combination: foreign capital inflows and the relative prominence of securities markets in the domestic financial system. Foreign capital is the fuel for banks' potentially dangerous behavior, and banks are more likely to take on excessive risks when operating in a financial system with large securities markets. The book analyzes over thirty years of data and provides historical case studies of two key countries, Canada and Germany, each of which explores how political decisions in the 19th and early-20th centuries continue to affect financial stability today. The analyses in this book have crucial policy implications, identifying potential regulations and policies that can work to protect banking systems against future crises.

General

Imprint:	Cambridge UniversityPress
Country of origin:	United Kingdom
Series:	Political Economy of Institutions and Decisions
Release date:	February 2020
Authors:	Mark Copelovitch • Davida Singer
Dimensions:	235 x 159 x 19mm (L x W x T)
Format:	Hardcover
Pages:	252
ISBN-13:	978-1-108-48988-1
Categories:	Books > Social sciences > Politics & government > Comparative politics Books > Business & Economics > Economics > Political economy Books > Business & Economics > Economics > Financial crises & disasters Books > Humanities > History > History of specific subjects > Economic history Books > Business & Economics > Finance & accounting > Finance > Banking Books > Law > International law > Public international law > International economic & trade law > General Books > History > History of specific subjects > Economic history Books > Money & Finance > Banking
LSN:	1-108-48988-5
Barcode:	9781108489881

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