Unfinished Business (eBook)

Putting European Banking (and Europe) Back on Track

Axel Wieandt (Autor)

eBook Download: PDF

2017 | 1. Auflage
243 Seiten
Vandenhoeck & Ruprecht Unipress (Verlag)
978-3-8470-0715-9 (ISBN)

Infos

The banking system in Europe is large in relation to the economy. It is characterized by universal banking, and driven by a significant number of globally active national champions that are systemically important. Banks perform a vital role for the economy. But their leverage and deposit funding makes them inherently vulnerable to bank runs. Axel Wieandt's role as former CEO of Hypo Real Estate, which he assumed immediately after the Lehman crisis in the fall of 2008, makes him uniquely placed to both examine the causes of the current situation of the European banking system and make suggestions for getting it back on track. His starting point is a comprehensive description of the European banking system and an analysis of the role of banks in the economy. He goes on to examine the root causes and implications of the Great Financial Crisis for the European banking system. He argues for full implementation of Banking Union with greater emphasis on market discipline and accountability.

Prof Dr Axel Wieandt is a German financial services professional with many years of experience in high-profile management roles within the European banking industry and teaching assignments with major business schools.

Inhalt

Title Page 4
Copyright 5
Table of Contents 6
Body 8
Acknowledgments 8
Prologue 10
Chapter 1: Unfinished business – an introduction 14
Part I – Where we started from 26
Chapter 2: Europe's banking landscape 28
Chapter 3: Banking – from the bottom up 44
Chapter 4: Banks' specialness – and the need for regulation, supervision, and safety nets 56
Part II – European banking and finance in less troublesome times 64
Chapter 5: Re-engineering of European banking 66
Chapter 6: One market, one money – (too) many banking systems 78
Part III – Crisis hitting and multiplying 94
Chapter 7: From “turbulences” to the Great Financial Crisis 96
Chapter 8: Mopping up – containing the crisis 108
Part IV – Crisis becoming existential 124
Chapter 9: Early lessons drawn: shackled by principles? 126
Chapter 10: Then come Greece and Ireland: “unnecessary, undesirable, and unlikely” 140
Part V – Finishing the business, in a principled way 152
Chapter 11: Centralization of financial policies – if Greece (or Ireland) were Texas 154
Chapter 12: Blueprints, optimal policies to choose from 166
Chapter 13: Banking union – realm of the possible 186
Chapter 14: The larger context – how much (political) union does the EMU need? 202
Epilogue 212
List of Abbreviations 216
List of Figures 220
List of References 222
Index of Names 236
Subject Index 238

Produkt-Details

• Erscheint lt. Verlag: 12.6.2017
• Verlagsort: Göttingen
• Sprache: englisch
• Themenwelt: Wirtschaft ► Betriebswirtschaft / Management ► Unternehmensführung / Management
• Schlagworte: Bank • Börse • Euro • Europäische Bankenunion • Europäisches Währungssystem • Europäische Union /Geld • Europäische Union /Geld, Bank, Börse • Finanzkrise • Finanzmanagement • Finanzpolitik
• ISBN-10: 3-8470-0715-7 / 3847007157
• ISBN-13: 978-3-8470-0715-9 / 9783847007159