Emerging Risk in International Banking
Book 2 of 41: Routledge Library Editions: Banking & FinanceP. N. Snowden
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Add to basket: Este libro analiza la exposición al riesgo y la casi insolvencia de los principales bancos del mundo, con el telón de fondo de los desequilibrios en los pagos globales y el auge de las economías emergentes. Examina las consecuencias especiales de la libre competencia en un mercado bancario global y los incentivos perversos inherentes a la remuneración de los funcionarios de crédito. La interacción de la regulación y la respuesta competitiva de los bancos para producir una mayor dependencia de los préstamos y empréstitos al por mayor, junto con un mayor apalancamiento, tienen claros ecos en los debates modernos sobre las consecuencias de las disposiciones de Basilea. EAN: 9780043320983 Tipo: Libros Categoría: Negocios y Economía Título: Emerging Risk in International Banking Autor: P. N. Snowden Editorial: International Thomson Business Press Idioma: en Páginas: 146 Formato: tapa dura.
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Global payments imbalances and the rise of emerging economies provide the background to this analysis of risk exposure and near-insolvency at the world’s major banks. Emerging Risk was published in 1985, three years after the first international banking crisis of the post-War era, but prior to resolution after 1989 of the underlying sovereign debt overhang. With episodes of international financial instability punctuating the following quarter century until the Lehman collapse of 2008, this re-issue will contribute to the historical perspective on modern diagnoses of policy weakness and financial sector excess that is clearly needed. Whereas OPEC price increases in the 1970s were a source of the earlier global imbalances, Chinese surpluses and those occasioned by her rapid growth among commodity and oil producing countries are today’s equivalents. Emerging Risk documents the earlier poor employment of surplus funds ‘recycled’ to Latin America, much as the failure of the USA and others to use Asian financing productively is now evident. The role of the main global banking institutions in each of these outcomes reveals common threads. As a reading of Emerging Risk will confirm, both the special consequences of free competition in a global banking market, and the perverse incentives inherent in the remuneration of loan officers, were clearly present in the mid-1980s. The interaction of regulation and the competitive response of banks to produce increased reliance on wholesale borrowing and lending, together with enhanced gearing, have clear echoes in modern debates over the consequences of the Basel provisions.
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