The Oxford Handbook of Banking, Second Edition

The Oxford Handbook of Banking, Second Edition provides an overview and analysis of developments and research in banking written by leading researchers in the field. This handbook will appeal to graduate students of economics, banking and finance, academics, practitioners, regulators, and policy makers. Consequently, the book strikes a balance between abstract theory, empirical analysis, and practitioner, and policy-related material. The Handbook is split into five parts. Part I, The Theory of Banking, examines the role of banks in the wider financial system, why banks exist, how they function, and their corporate governance and risk management practices. Part II deals with Bank Operations and Performance. A range of issues are covered including bank performance, financial innovation, and technological change. Aspects relating to small business, consumer, and mortgage lending are analysed together with securitization, shadow banking, and payment systems. Part III entitled Regulatory and Policy Perspectives discusses central banking, monetary policy transmission, market discipline, and prudential regulation and supervision. Part IV of the book covers various Macroeconomic Perspectives in Banking. This part includes a discussion of systemic risk and banking and sovereign crises, the role of the state in finance and development as well as how banks influence real economic activity. The final Part V examines International Differences in Banking Structures and Environments. This part of the Handbook examines banking systems in the United States, European Union, Japan, Africa, Transition countries, and the developing nations of Asia and Latin America. Contributors to this volume - Paola Morales Acevedo, Tilburg University Tobias Adrian, Federal Reserve Bank of New York Michel Aglietta, University of Paris-X Nanterre Franklin Allen, University of Pennsylvania Linda Allen, City University of New York Adam Ashcraft, Credit and Payments Risk Group Olivier de Bandt, Banque de France and University of Paris X James R. Barth, Auburn University Thorsten Beck, Cass Business School, London and Tilburg University Allen N. Berger, University of South Carolina John P. Bonin, Wesleyan University Arnoud W. A. Boot, University of Amsterdam Christa H.S. Bouwman, Case Western Reserve University Chris Brummer, Georgetown University Claudia M. Buch, Halle Institute for Economic Research (IWH) and Otto von Guericke University Charles W. Calomiris, Columbia University Graduate School of Business Gerard Caprio, Williams College Elena Carletti, Bocconi University Fernando J. Cardim de Carvalho, Federal University of Rio de Janeiro Jacopo Carmassi, Assonime, the Association of Joint Stock Companies Barbara Casu, Cass Business School, City University London Nicola Cetorelli, Federal Reserve Bank of New York Martin Cihak, Global Financial Development Report (GFDR) Ricardo Correa, Federal Reserve System Robert Cull, World Bank Hans Degryse, Universities of Leuven and Tilburg Gayle L. DeLong, City University of New York Asli Demirguc-Kunt, World Bank Robert DeYoung, University of Kansas School of Business Gregory Donadio, Federal Reserve Board Thomas A. Durkin, formerly at the Federal Reserve Board Robert A. Eisenbeis, Cumberland Advisors Gregory Elliehausen, Federal Reserve System W. Scott Frame, University of North Carolina at Charlotte Xavier Freixas, Universitat Pompeu Fabra John Goddard, University of Wales, Bangor Michael Gordy, Federal Reserve Board Xian Gu, Wharton School of University of Pennsylvania Jens Hagendorff, University of Edinburgh Philipp Hartmann, European Central Bank Iftekhar Hasan, Fordham University and Central Bank of Finland Erik Heitfield, Federal Reserve Board Richard J. Herring, The Wharton School, University of Pennsylvania Patrick Honohan, Central Bank of Ireland Joseph P. Hughes, Rutgers University David Humphrey, Florida State University Edward J. Kane, Boston College George G. Kaufman, Loyola University Chicago Leora Klapper, World Bank Andreas Lehnert, Federal Reserve Board Tong (Cindy) Li, Federal Reserve Bank of San Francisco Maria Soledad Martinez Peria, World Bank Loretta J. Mester, Federal Reserve Bank of Philadelphia Benoit Mojon, Banque de France and Ecole Polytechnique Philip Molyneux, Bangor University Alan Morrison, University of Oxford Daniel E. Nolle, Office of the Comptroller of the Currency (OCC) Steven Ongena, University of Zurich and the Swiss Finance Institute Bruno M. Parigi, University of Padova Luiz Fernando de Paula, State University of Rio de Janeiro Joe Peek, Federal Reserve Bank of Boston Jose-Luis Peydro, Universitat Pompeu Fabra Eric S. Rosengren, Federal Reserve Bank of Boston Anthony Saunders, Stern School of Business, New York University Horacio Sapriza, Federal Reserve System Anna Sarkisyan, Essex Business School, University of Essex Kevin J. Stiroh, Federal Reserve Bank of New York Anjan Thakor, Olin Business School and Wells Fargo Associates Center for Finance and Accounting Research Hirofumi Uchida, Kobe University Gregory F. Udell, Indiana University Paul Wachtel, New York University Stern School of Business Lawrence J. White, Stern School of Business, New York University Jonathan Williams, Bangor University John O. S. Wilson, University of St Andrews Jason Wu, Federal Reserve Board Bilal Zia, Development Economics Research Group