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The Oxford Handbook of Banking最新文献

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Banking 银行
The Oxford Handbook of Banking Pub Date : 2019-10-31 DOI: 10.1093/oxfordhb/9780198824633.013.1
Allen N. Berger, P. Molyneux, John O. S. Wilson
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引用次数: 0
Behavioral Economics, Financial Literacy, and Consumers’ Financial Decisions 行为经济学、金融知识和消费者的金融决策
The Oxford Handbook of Banking Pub Date : 2019-10-31 DOI: 10.1093/oxfordhb/9780198824633.013.26
Gregory E. Elliehausen
{"title":"Behavioral Economics, Financial Literacy, and Consumers’ Financial Decisions","authors":"Gregory E. Elliehausen","doi":"10.1093/oxfordhb/9780198824633.013.26","DOIUrl":"https://doi.org/10.1093/oxfordhb/9780198824633.013.26","url":null,"abstract":"This chapter reviews research in behavioral economics and financial literacy that raises concerns that consumers lack competence to make complex financial decisions. Consumers do not collect comprehensive information or extensively evaluate alternatives. They rely on heuristics that cause them to make systematic errors in judgment, and many individuals lack an understanding of basic financial principles, which arguably would hamper individuals’ ability to manage their finances effectively. Decisions are generally purposive, however, and individuals tend to be deliberative and thoughtful when the situation warrants. Outcomes may not be optimal but such decision processes nevertheless may be an economical means for achieving desired goals. The extent to which these phenomena impair actual decisions in markets is not at all clear. At this time, neither existing behavioral evidence nor conventional economic evidence supports a general conclusion that consumers’ financial decisions are not rational or that markets do not work reasonably well.","PeriodicalId":258577,"journal":{"name":"The Oxford Handbook of Banking","volume":"111 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-10-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121528628","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Private Information and Risk Management in Banking 银行业的私人信息与风险管理
The Oxford Handbook of Banking Pub Date : 2019-10-31 DOI: 10.1093/oxfordhb/9780198824633.013.6
Linda Allen, A. Saunders
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引用次数: 0
Banking in China 中国银行业
The Oxford Handbook of Banking Pub Date : 2019-10-31 DOI: 10.1093/oxfordhb/9780198824633.013.35
Leora F. Klapper, María Soledad Martínez Pería, B. Zia
{"title":"Banking in China","authors":"Leora F. Klapper, María Soledad Martínez Pería, B. Zia","doi":"10.1093/oxfordhb/9780198824633.013.35","DOIUrl":"https://doi.org/10.1093/oxfordhb/9780198824633.013.35","url":null,"abstract":"The Chinese financial sector has grown at an impressive pace over the last decade, and its banking sector is now the largest in the world. China has also experienced a credit boom, which makes the need to better understand how the Chinese financial sector functions even more important. In this chapter, we first describe the structure and performance of the financial sector in China, focusing largely on banks. Next, we discuss how regulators’ efforts to slow the growth of bank intermediation have been accompanied by rapid growth in shadow-banking products, as banks try to circumvent limits on their ability to grow. Finally, we document China’s progress in expanding consumer access to formal financial services and track the recent expansion of FinTech, especially digital payment products.","PeriodicalId":258577,"journal":{"name":"The Oxford Handbook of Banking","volume":"55 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-10-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131427795","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Corporate Complexity and Systemic Risk 企业复杂性和系统性风险
The Oxford Handbook of Banking Pub Date : 2019-10-31 DOI: 10.1093/oxfordhb/9780198824633.013.4
J. Carmassi, R. Herring
{"title":"Corporate Complexity and Systemic Risk","authors":"J. Carmassi, R. Herring","doi":"10.1093/oxfordhb/9780198824633.013.4","DOIUrl":"https://doi.org/10.1093/oxfordhb/9780198824633.013.4","url":null,"abstract":"This chapter updates and extends our earlier work on the corporate complexity of Global Systemically Important Banks (G-SIBs). The first edition of this chapter, which appeared in the Oxford Handbook of Banking, first edition, was based on data in 2007, documented a notable degree of complexity among most G-SIBs, and warned complexity could pose insuperable obstacles if an institution needed to be resolved, an issue then largely neglected. The Lehman Brothers bankruptcy highlighted these issues, stimulating ambitious initiatives to rationalize the corporate structure of G-SIBs and enhance their resolvability. The second edition, based on data through May 2013, found only mixed evidence of progress in reducing corporate complexity, and noted that some institutions had grown still larger and more complex. In the current edition, published a decade after the crisis, our measures of corporate complexity remain high. Apart from some improvements in the US disclosures, the corporate structures of G-SIBs remain quite opaque. If regulators are to achieve their goal of bolstering confidence in resolution procedures and enhancing market discipline, transparency must be enhanced.","PeriodicalId":258577,"journal":{"name":"The Oxford Handbook of Banking","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-10-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130103983","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Corporate Governance and Culture in Banking 银行的公司治理与文化
The Oxford Handbook of Banking Pub Date : 2019-10-31 DOI: 10.1093/oxfordhb/9780198824633.013.5
Jens Hagendorff
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引用次数: 5
Banking in Australia and New Zealand—Geographic Proximity, Market Concentration, and Banking Integration 澳大利亚和新西兰的银行业:地理邻近、市场集中度和银行业一体化
The Oxford Handbook of Banking Pub Date : 2019-10-31 DOI: 10.1093/oxfordhb/9780198824633.013.38
Fariborz Moshirian, Eliza Wu
{"title":"Banking in Australia and New Zealand—Geographic Proximity, Market Concentration, and Banking Integration","authors":"Fariborz Moshirian, Eliza Wu","doi":"10.1093/oxfordhb/9780198824633.013.38","DOIUrl":"https://doi.org/10.1093/oxfordhb/9780198824633.013.38","url":null,"abstract":"This chapter focuses on the Australian and New Zealand (NZ) banking industry. Australian and New Zealand banks have undergone significant growth and challenges in the past decade. Australian banks weathered the Great Recession from 2008 and still recorded strong profits and minimal losses while other global banks failed internationally. To understand why this might be, we examine the composition of the closely integrated banking sectors in Australia and NZ, their respective performance, capital levels, and some defining regulatory reforms that have particularly shaped the Australian banking system since the 2008 Global Financial Crisis.","PeriodicalId":258577,"journal":{"name":"The Oxford Handbook of Banking","volume":"16 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-10-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114156033","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Community Banking Institutions 社区银行机构
The Oxford Handbook of Banking Pub Date : 2019-10-31 DOI: 10.1093/oxfordhb/9780198824633.013.12
Dasol Kim, D. Mckillop
{"title":"Community Banking Institutions","authors":"Dasol Kim, D. Mckillop","doi":"10.1093/oxfordhb/9780198824633.013.12","DOIUrl":"https://doi.org/10.1093/oxfordhb/9780198824633.013.12","url":null,"abstract":"Changes in the regulatory environment and technological advances have dramatically changed the competitive landscape for community banking institutions. While only accounting for a fraction of the overall size of the banking industry, community banks are predominant in numbers around the world for a broad range of depository institution types, including commercial banks, savings banks, cooperative banks, and credit unions. The steep decline in the number of community banks in recent times has attracted concern from policymakers, regulators, and academics, and has raised questions on the potential consequences associated with the gradual disappearance of these institutions. What contributed to the growth and resilience of community banks over the past century? Can they remain competitively viable in the current environment? This chapter surveys the literature and provides an institutional overview to understand the continued evolution of these institutions.","PeriodicalId":258577,"journal":{"name":"The Oxford Handbook of Banking","volume":"42 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-10-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123209347","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 1
Banking Globalization 金融全球化
The Oxford Handbook of Banking Pub Date : 2019-10-31 DOI: 10.1093/oxfordhb/9780198824633.013.29
C. Buch, Gayle DeLong
{"title":"Banking Globalization","authors":"C. Buch, Gayle DeLong","doi":"10.1093/oxfordhb/9780198824633.013.29","DOIUrl":"https://doi.org/10.1093/oxfordhb/9780198824633.013.29","url":null,"abstract":"The financial crisis has renewed interest in the globalization of the banking industry, the patterns of entry into foreign markets, and the effects of complex banking organizations. There is a rich body of literature on international banks, which has recently been expanded by the improved theoretical modeling of the international banking firm and by focusing on implications for (systemic) risk. In this chapter, we focus on three main questions. First, what are the determinants of cross-border entry through acquisitions of commercial banks? Second, what are the effects of cross-border entry on complexity and the efficiency of banks? Third, what are the risk effects of international bank acquisitions, in particular with regard to systemic risk? We begin with a brief summary of the stylized facts, and we conclude with implications for researchers and policymakers.","PeriodicalId":258577,"journal":{"name":"The Oxford Handbook of Banking","volume":"35 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-10-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121997012","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Bank Bailouts and Bail-Ins 银行救助和内部纾困
The Oxford Handbook of Banking Pub Date : 2019-10-31 DOI: 10.1093/oxfordhb/9780198824633.013.21
Raluca A. Roman
{"title":"Bank Bailouts and Bail-Ins","authors":"Raluca A. Roman","doi":"10.1093/oxfordhb/9780198824633.013.21","DOIUrl":"https://doi.org/10.1093/oxfordhb/9780198824633.013.21","url":null,"abstract":"During the global financial crisis, governments bailed out banks when their failures threatened to undermine economic and financial stability. After the crisis, governments tried to end bailouts by raising capital requirements, increasing supervisory rules and oversight, and introducing bail-in provisions that require creditors and/or equity holders to assume losses and help recapitalize distressed banks. Some important policy questions are whether bailouts have been effective in meeting their primary goals and whether bail-ins as alternatives can be effective in reducing the need for bailouts and resolving financial institutions facing distress and failure going forward. This chapter surveys the recent literature and other evidence from the US and EU on bailouts and bail-ins to better understand their economic and social costs and benefits. We also discuss briefly other methods to deal with the resolution of distressed large financial institutions.","PeriodicalId":258577,"journal":{"name":"The Oxford Handbook of Banking","volume":"30 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-10-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122375896","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 4
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