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    Market-based Banking and the International Financial Crisis (Hardback) Edited by Iain Hardie, Edited by David Howarth

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    DescriptionEconomics and political economy lack the analytical tools to explain the differing impact of the recent international financial crisis that erupted in 2007 on developed economies. The principal contribution of this edited volume is to offer a 'market-based banking' framework which transcends the dominant dichotomous understanding of financial systems in terms of credit-based and capital-based. It demonstrates why this dichotomy is obsolete through an appreciation of the activities of banks. Further, it employs 'market-based banking' to overcome the inability of existing typologies to explain financial system change. 'Market-based banking' provides a framework that is more reflective of banking in modern financial systems, and one that provides a more successful explanation of the differential impact of the recent financial crisis. The comparative and single-country chapters in this volume compare the extent of 'market-based banking' across eleven countries, including all of the G7 economies. The chapters also consider the impact of the financial crisis in terms of necessary government support and lending to non-financial companies. The edited volume includes work by authors who are widely respected experts in national political economies, finance, financial regulation, banking, central banking, and monetary policy. This volume is one of the first book-length comparative studies of the financial crisis and its impact and one of the few recent comparative studies of national banking / financial systems in any discipline.


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    Title
    Market-based Banking and the International Financial Crisis
    Authors and contributors
    Edited by Iain Hardie, Edited by David Howarth
    Physical properties
    Format: Hardback
    Number of pages: 288
    Width: 165 mm
    Height: 239 mm
    Thickness: 22 mm
    Weight: 572 g
    Language
    English
    ISBN
    ISBN 13: 9780199662289
    ISBN 10: 0199662282
    Classifications

    B&T Book Type: NF
    BIC E4L: FIN
    BIC subject category V2: KFFK
    Nielsen BookScan Product Class 3: S4.9
    B&T Modifier: Region of Publication: 03
    B&T Modifier: Geographic Designator: 05
    BIC subject category V2: KCP
    B&T General Subject: 180
    Ingram Subject Code: BE
    LC classification: HG
    Libri: I-BE
    BIC subject category V2: KCX
    B&T Modifier: Academic Level: 02
    Warengruppen-Systematik des deutschen Buchhandels: 17830
    BISAC V2.8: BUS027000, BUS004000, POL023000
    Abridged Dewey: 332
    B&T Merchandise Category: UP
    DC23: 332.15
    Thema V1.0: KCP, KCX, KFFK
    Illustrations note
    23 Figures, 50 Tables
    Publisher
    Oxford University Press
    Imprint name
    Oxford University Press
    Publication date
    18 October 2013
    Publication City/Country
    Oxford
    Author Information
    David Howarth is Professor in Political Economy at the University of Luxembourg. Until September 2012, he was a Jean Monnet Chair at the University of Edinburgh. He has written widely on European political economy topics, specifically EMU, central banking and, more recently national banking systems. In additional to over 70 journal articles and book chapters on these subjects, Professor Howarth has written The French Road to European Monetary Union (Macmillan 2001), The European Central Bank: The New European Leviathan? (Macmillan 2003 and 2005) (with Peter Loedel) and co-edited At the Frontier of the Single European Market: The Political Economy of Market Integration in the Early Twenty-First Century (Routledge 2011). He is a regular contributor to the Economist Intelligence Unit on European political economy topics.
    Table of contents
    1. Introduction: Towards a Political Economy of Banking ; 2. Framing Market-Based Banking and the Financial Crisis ; 3. Market-Based Banking as the Worst of All Worlds: Illustrations from the US and UK ; 4. Belgium and the Netherlands: Impatient Capital ; 5. A Peculiar Kind of Devastation: German Market-Based Banking ; 6. State Intervention and Market-Based Banking in France ; 7. A 'Ship in Trouble'. The Spanish Banking System and the International Financial Crisis ; 8. Turning the Crisis on its Head: Sovereign Debt Crisis as Banking Crisis in Italy and Greece ; 9. Cool Canada: A Case of Low Market-Based Banking in the Anglo-Saxon World ; 10. Market-Based Banking in Japan: From the Avant-Garde to Europe's Future?