Banking and Monetary Policies in a Changing Financial Environment : A regulatory approach book cover
1st Edition

Banking and Monetary Policies in a Changing Financial Environment
A regulatory approach

ISBN 9781138913530
Published August 17, 2016 by Routledge
286 Pages 30 B/W Illustrations

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Book Description

The 21st century witnessed major changes in the financial environment surrounding bank regulators and banks. Banking and Monetary Policies in a Changing Financial Environment delves into three of these developments and challenges.

The first change in the financial environment relates to the rise in the number and sophistication of financial and economic crimes which shaped the international regulatory architecture. New rules and regulations led to the creation of new strategies to combat these crimes, especially those concerning the spread of more advanced money laundering methods and techniques, terrorist financing after the 9/11 attacks, and the proliferation of weapons of mass destruction. The second development concerns the global financial crisis of 2008 which drastically affected the regulatory environment of various international and domestic financial authorities causing major changes in bank lending and corporate governance policies, and in the development of the Basel III accord on capital adequacy for bank supervision. The third development manifests itself in the creation of a major European monetary union without a fiscal union and a giant European central bank impacting the conduct of monetary policy. This book combines theory, policy, regulation and institutional approaches with empirical testing, analyzing applications and case studies of various international regulatory authorities and administrations, countries and jurisdictions, central banks and commercial banks.

This volume is suitable for those who study international finance, Banking and white collar crime.

Table of Contents

  1. Introduction
  2. Part 1: Banking Regulation to Combat the Rise in Financial and Economic Crimes

  3. The Changing Regulatory Environment Governing Financial and Economic Crimes
  4. Compliance of Worldwide Banking Systems with Evolving International Regulatory and Supervisory Requirements: Facts, Challenges and Implications
  5. Part 2: New Policies in the Wake of the Latest Financial Crisis

  6. Causes and Origins of Banking Crises: Review and Critique of Theory and Evidence
  7. Bank Lending During the Financial Crisis of 2008: An Empirical Investigation
  8. Corporate Governance in the Banking Industry and Basel III Challenges and Implications
  9. Part 3: Central Banks in the New Era of Quantitative Easing, Monetary Unions without Fiscal Unions and the Holdings of Foreign Reserves

  10. Monetary Policy in an Era of Quantitative Easing
  11. Monetary Policy in an Era of Monetary Unions, and Central Banks’ Holdings of Foreign Reserves
  12. Concluding Remarks and Policy Implications

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Wassim Shahin is Professor of Business Economics and Assistant Provost for special external projects at the Lebanese American University in Lebanon and served as the founding dean of the school of business in the same institution on its Byblos campus from 1996 to 2011.

Elias El-Achkar is Director of Research and Statistics at the Association of Banks in Lebanon and a university lecturer.