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xi, 273 pages ; 24 cm.
  • The changing regulatory environment governing financial and economic crimes
  • The compliance of worldwide banking systems with evolving international regulatory and supervisory requirements : facts, challenges, and implications
  • The causes and origins of banking crises : a review and critique of theory and evidence
  • Bank lending during the financial crisis of 2008 : an empirical investigation
  • Corporate governance in the banking industry and Basel III challenges and implications
  • Monetary policy in an era of quantitative easing
  • Monetary policy in an era of monetary unions, and central banks' holdings of foreign reserves.
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.
(source: Nielsen Book Data)9781138913530 20170306
Law Library (Crown)
viii, 156 pages ; 24 cm.
  • Origins of the National Bank Act and national currency / Peter Huntoon
  • National bank notes and the practical limits of nationalization / Franklin Noll
  • Charter no. 1 : first among national banks / Marianne Babal
  • E.T. Wilson and the banks : a case study in government regulation and service / Paula Petrik
  • Stabilizing the national banking system, 1864-1913 : the role of bank examination / Eugene N. White
  • Founding the fourth branch : the office of the comptroller of the currency / Jesse Stiller
  • National bank preemption and the financial crisis of 2008 / Raymond Natter
  • The measure of a regulator : the office of thrift supervision, 1989-2011 / Paula Dejmek Woods.
The passage of the National Currency Act of 1863 gave the United States its first uniform paper money, its first nationally chartered and supervised commercial banks, and its first modern regulatory agency: the Office of the Comptroller of the Currency. The law marked a milestone in the development of the U.S. financial system and the modern administrative state. Yet its importance has been largely overlooked. Banking Modern America aims to address that gap. With its unique multidisciplinary approach that brings together scholars from disciplines including history, economics, the law, and finance, this book lends a new dimension to studying the origins and development of a system that touched key aspects of modern America. Chapters examine key episodes in the history of Federal banking, looking at the Civil War origins of the national banking system and the practical challenges of setting up a new system of money and banking. The essays in this volume explore the tensions that arose between bankers and Federal regulators, between governmental jurisdictions, and even between regulators themselves. This book will be essential reading for academics of banking and finance, regulation, numismatics and history, as well as professional economists, historians and policy makers interested in the history of the US financial system.
(source: Nielsen Book Data)9781138213807 20161219
Law Library (Crown)
xvii, 291 pages : illustrations ; 24 cm
  • Preface ix Introduction xv Additional Thanks xvii Chapter 1: An Overview of the Bankruption 1 Chapter 2: Community Banking Is Broken 7 Chapter 3: The Opportunity for Community Financial Institutions 75 Chapter 4: Advice from Others 157 Chapter 5: Finishing Move 257 About the Author 269 About the Companion Website 271 Index 273.
  • (source: Nielsen Book Data)9781119273851 20170206
Community banking can flourish in the face of fintech and global competition with a fresh approach to strategy Bankruption + Website offers a survival guide for community banks and credit unions searching for relevance amidst immense global competition and fintech startups. Author John Waupsh is the Chief Innovation Officer at Kasasa, where he helps spearhead financial product development and implementation across hundreds of institutions. In this guide, he draws on more than a decade in the industry to offer clear, practical advice for competing with the megabanks, direct banks, non-banks, and financial technology companies. The discussion separates futurist thinking from today's realities, and dispels common myths surrounding the U.S. community banking model in order to shed light on the real challenges facing community banking institutions. It follows with clear solutions, proven strategies, and insight from experts across banking and fintech. All arguments are backed by massive amounts of data, and the companion website provides presentation-ready visualizations to help you kickstart change within your team. In the U.S. and around the globe, fintech companies and non-banks alike are creating streams of banking services that are interesting, elegant, and refreshing and they're winning the hearts and minds of early adopters. Not a one-size-fits-all approach, this book offers many different tactics for community banks and credit unions to compete and flourish in the new world. * Analyze fintech's threat to the community banking model * Learn where community banking must improve to compete * Disprove the myths to uncover the real challenges banks face * Adopt proven strategies to bring your organization into the future Community banks and credit unions were once the go-to institutions for local relationship banking, but their asset share has been on the decline for three decades as the big banks just got bigger. Now, fintech companies are exploiting inefficiencies in the traditional banking model to streamline service and draw even more market share, as community banking executives are left at a loss for fresh tactics and forward-looking strategy. Bankruption + Website shows how community banks can be saved, and provides a proven path to success.
(source: Nielsen Book Data)9781119273851 20170206
Law Library (Crown)
24 pages : illustrations, portrait ; 28 cm.
Law Library (Crown)
xiv, 257 pages ; 24 cm
  • Introduction
  • A short history of white-collar criminal prosecutions
  • Angelo Mozilo and Countrywide's "toxic" subprime mortgages
  • Wall Street's fraudulent sales of toxic mortgages --\tLehman's phantom cash
  • Joe Cassano and AIG's derivatives casino
  • Goldman's abacus
  • The dimensions of lawlessness
  • Looking forward : reimposing law.
A critical examination of the wrongdoing underlying the 2008 financial crisis An unprecedented breakdown in the rule of law occurred in the United States after the 2008 financial collapse. Bank of America, JPMorgan, Citigroup, Goldman Sachs, and other large banks settled securities fraud claims with the Securities and Exchange Commission for failing to disclose the risks of subprime mortgages they sold to the investing public. But a corporation cannot commit fraud except through human beings working at and managing the firm. Rather than breaking up these powerful megabanks, essentially imposing a corporate death penalty, the government simply accepted fines that essentially punished innocent shareholders instead of senior leaders at the megabanks. It allowed the real wrongdoers to walk away from criminal responsibility. In The Case for the Corporate Death Penalty, Mary Kreiner Ramirez and Steven A. Ramirez examine the best available evidence about the wrongdoing underlying the financial crisis. They reveal that the government failed to use its most powerful law enforcement tools despite overwhelming proof of wide-ranging and large-scale fraud on Wall Street before, during, and after the crisis. The pattern of criminal indulgences exposes the onset of a new degree of crony capitalism in which the most economically and political powerful can commit financial crimes of vast scale with criminal and regulatory immunity. A new economic royalty has seized the commanding heights of our economy through their control of trillions in corporate and individual wealth and their ability to dispense patronage. The Case for the Corporate Death Penalty shows that this new lawlessness poses a profound threat that urgently demands political action and proposes attainable measures to restore the rule of law in the financial sector.
(source: Nielsen Book Data)9781479881574 20170424
Law Library (Crown)

6. Corporate finance [2017]

xxxii, 1136 pages : illustrations ; 26 cm.
  • PART 1: INTRODUCTION 1. The Corporation 2. Introduction to Financial Statement Analysis 3. Financial Decision Making and the Law of One Price PART 2: TIME, MONEY, AND INTEREST RATES 4. The Time Value of Money 5. Interest Rates 6. Valuing Bonds PART 3: VALUING PROJECTS AND FIRMS 7. Investment Decision Rules 8. Fundamentals of Capital Budgeting 9. Valuing Stocks PART 4: RISK AND RETURN 10. Capital Markets and the Pricing of Risk 11. Optimal Portfolio Choice and the Capital Asset Pricing Model 12. Estimating the Cost of Capital 13. Investor Behavior and Capital Market Efficiency PART 5: CAPITAL STRUCTURE 14. Capital Structure in a Perfect Market 15. Debt and Taxes 16. Financial Distress, Managerial Incentives, and Information 17. Payout Policy PART 6: ADVANCED VALUATION 18. Capital Budgeting and Valuation with Leverage 19. Valuation and Financial Modeling: A Case Study PART 7: OPTIONS 20. Financial Options 21. Option Valuation 22. Real Options PART 8: LONG-TERM FINANCING 23. Raising Equity Capital 24. Debt Financing 25. Leasing PART 9: SHORT-TERM FINANCING 26. Working Capital Management 27. Short-Term Financial Planning PART 10: SPECIAL TOPICS 28. Mergers and Acquisitions 29. Corporate Governance 30. Risk Management 31. International Corporate Finance.
  • (source: Nielsen Book Data)9780134083278 20161024
"For MBA/graduate students taking a course in corporate finance." An Emphasis on Core Financial Principles to Elevate Individuals Financial Decision Making Berk and DeMarzo's "Corporate Finance" uses a unifying valuation framework, the Law Of One Price, to present the core content instructors expect, the new ideas they want, and the pedagogy their students need to succeed. " " "Corporate Finance: The Core "fits programs and individual professors who desire a streamlined book that is specifically tailored to the topics covered in the first one-semester course. For programs and professors who would like to use a text in a two semester, or more, sequence, please see "Corporate Finance, " the 31-chapter book also by Jonathan Berk and Peter DeMarzo. Also Available with MyFinanceLab MyFinanceLab is an online homework, tutorial, and assessment program designed to work with this text to engage students and improve results. Within its structured environment, students practice what they learn, test their understanding, and pursue a personalized study plan that helps them better absorb course material and understand difficult concepts. Note: You are purchasing a standalone product; MyFinanceLab does not come packaged with this content. Students, if interested in purchasing this title with MyFinanceLab, ask your instructor for the correct package ISBN and Course ID. Instructors, contact your Pearson representative for more information. If you would like to purchase both the physical text and MyFinanceLab, search for: 0134409272 / 9780134409276 "Corporate Finance: The Core Plus MyFinanceLab with Pearson eText -- Access Card Package" Package consists of: 0134202643 / 9780134202648 "Corporate Finance: The Core" 0134202910 / 9780134202914 "MyFinanceLab with Pearson eText -- Access Card -- for Corporate Finance: The Core" ".
(source: Nielsen Book Data)9780134202648 20161024
For MBA/graduate students taking a course in corporate finance. An Emphasis on Core Financial Principles to Elevate Individuals' Financial Decision Making Using the unifying valuation framework based on the Law of One Price, top researchers Jonathan Berk and Peter DeMarzo have set the new canon for corporate finance textbooks. Corporate Finance blends coverage of time-tested principles and the latest advancements with the practical perspective of the financial manager, so students have the knowledge and tools they need to make sound financial decisions in their careers. For a streamlined book specifically tailored to the topics covered in the first one-semester course, Corporate Finance: The Core is also available by Jonathan Berk and Peter DeMarzo. Note: You are purchasing a standalone product; MyFinanceLabTM does not come packaged with this content. Students, if interested in purchasing this title with MyFinanceLab, ask your instructor for the correct package ISBN and Course ID. Instructors, contact your Pearson representative for more information. If you would like to purchase both the physical text and MyFinanceLab, search for: 0134408896 / 9780134408897 Corporate Finance Plus MyFinanceLab with Pearson eText -- Access Card Package Package consists of: *013408327X / 9780134083278 Corporate Finance*0134099176 / 9780134099170 MyFinanceLab with Pearson eText -- Access Card -- for Corporate Finance.
(source: Nielsen Book Data)9780134083278 20161024
Law Library (Crown)
xii, 233 pages : illustrations ; 25 cm
  • Acknowledgments ix Introduction: A Hidden Inequality 1 Worlds of Uncertainty 1 Earning 21 2 Spending 47 3 Smoothing and Spiking 65 How Families Cope 4 Saving 87 5 Borrowing 110 6 Sharing 130 New Ways of Seeing 7 Sometimes Poor 151 8 Secure and in Control 168 Notes 179 Bibliography 203 Index 225.
  • (source: Nielsen Book Data)9780691172989 20170515
What the financial diaries of working-class families reveal about economic stresses, why they happen, and what policies might reduce them Deep within the American Dream lies the belief that hard work and steady saving will ensure a comfortable retirement and a better life for one's children. But in a nation experiencing unprecedented prosperity, even for many families who seem to be doing everything right, this ideal is still out of reach. In The Financial Diaries, Jonathan Morduch and Rachel Schneider draw on the groundbreaking U.S. Financial Diaries, which follow the lives of 235 low- and middle-income families as they navigate through a year. Through the Diaries, Morduch and Schneider challenge popular assumptions about how Americans earn, spend, borrow, and save--and they identify the true causes of distress and inequality for many working Americans. We meet real people, ranging from a casino dealer to a street vendor to a tax preparer, who open up their lives and illustrate a world of financial uncertainty in which even limited financial success requires imaginative--and often costly--coping strategies. Morduch and Schneider detail what families are doing to help themselves and describe new policies and technologies that will improve stability for those who need it most. Combining hard facts with personal stories, The Financial Diaries presents an unparalleled inside look at the economic stresses of today's families and offers powerful, fresh ideas for solving them.
(source: Nielsen Book Data)9780691172989 20170515
Law Library (Crown)
xii, 189 pages ; 24 cm.
  • Introduction to hedge fund compliance
  • Introduction to hedge fund regulation and examination
  • The chief compliance officer and regulatory reporting
  • In-house compliance professionals and hedge fund committees
  • Hedge fund compliance technology
  • Compliance consultants and other compliance-related service providers
  • Understanding key compliance documentation
  • Investor evaluation of hedge fund compliance functions
  • Case studies and example scenarios in hedge fund compliance
  • Common compliance pitfalls and how to avoid them
  • Interviews with compliance service providers
  • Trends and future developments.
The long-awaited guide for modern hedge fund compliance program development Hedge Fund Compliance + Website provides straightforward, practical guidance toward developing a hedge fund compliance program, drawn from the author's experience training financial regulators, consulting with government entities, and analyzing hedge fund compliance structures across the globe. In-depth explanations of compliance principles are backed by illustrative case studies and examples. Highly in-demand templates of popular hedge fund compliance documentation provide actionable illustrations of key compliance policies. Designed to assist investors, fund managers, service providers, and compliance job seekers directly, this book describes the fundamental building blocks of the hedge fund compliance function. Compliance is one of the fastest growing areas in the hedge fund space. This reference book provides an essential foundation in modern hedge fund compliance, reflecting the recent changes of this dynamic field. * Design and run a hedge fund compliance program * Access templates of core compliance documentation and checklists * Discover how investors can evaluate and monitor compliance programs * Interviews with hedge fund compliance practitioners A steady stream of regulatory changes, combined with the enhanced enforcement efforts of regulators, ensure that hedge funds' compliance-related expenditures will continue to grow. While hedge fund compliance legislation continues to evolve globally, little practical guidance exists for those tasked with the boots-on-the-ground aspects of developing an actual compliance program to comply with best practices and regulatory guidance from leading hedge fund regulators including the US Securities and Exchange Commission, the National Futures Association, the Commodity Futures Trading Commission and the United Kingdom's Financial Conduct Authority. Hedge fund professionals and investors need a fundamental framework for establishing and evaluating an effective program, and when compliance is the issue, trial and error carries too much risk. Hedge Fund Compliance + Website provides clear guidance and practical tools to meet today's compliance professional needs.
(source: Nielsen Book Data)9781119240235 20170227
Law Library (Crown)
xi, 209 pages ; 24 cm.
  • Gerald D. Feldman : an appreciation / Jeffrey Fear
  • Starting from scratch? : the beginnings of Banca Commerciale Italiana, 1893-1894 / Peter Hertner
  • Jewish financiers in the city of London : reality and rhetoric, 1830-1914 / Randal Michie
  • The financial culture of the Habsburg monarchy at the end of the 19th century / Hubert Bonin
  • French banks and public opinion : the public's negative perception of the French banking establishment (from the 1800s to the 1950s) / Hubert Bonin
  • 'Many a slip between cup and lip' : initiating Austrian stabilisation, 1922-1923 / P.L. Cottrell
  • Why were there no investment trusts in Germany? : an analysis of an anomaly in the german financial industry from 1870 to 1957 / Martin L. Müller
  • Comradery, the joys of work, and the struggle to improve performance : Creditanstalt-Bankverein's corporate newspaper Gemeinschaft, 1939-1943 / Ulrike Zimmerl
  • A non-neutral, non- belligerent country : portugal during World War II from a financial viewpoint / Nuno Valério.
Globalization is not an external force but a result of concrete business decisions made by millions of entrepreneurs and managers across the world. As such, the modern corporation has completely altered the economic landscape; business and finance have shaped the international order of the modern world. History of Financial Institutions contributes to the analysis of how the modern corporation, business and finance have shaped and keep on shaping our world. In a collection of nine succinct essays, this volume looks at the role of finance in European history from the beginning of the 19th century to the period after the Second World War. Archivists and financial historians, who are also leading scholars of banking and financial history, investigate the ways in which the international post-war order developed. They draw on often hitherto unused archival sources from central banks and other institutions to reveal the unique histories of a variety of European countries and the paths that have led to the contemporary economic and financial system. The collection includes reflections on (monetary) stabilization, inflation, hyperinflation, globalization and public relations in banking and commerce. This book is essential reading for banking and finance executives, as well as policy makers with a historical interest. It will also be of importance to academics with a particular interest in economic history, financial or banking history, and European history.
(source: Nielsen Book Data)9781138666511 20170123
Law Library (Crown)
593 pages : illustrations ; 24 cm
Law Library (Crown)
xx, 436 pages ; 26 cm.
  • The credit crisis as a problem in the sociology of knowledge / Donald MacKenzie
  • What's in a name? : Provident, The People's Bank and the regulation of brand identity / Liz McFall
  • Reflexivity of shadow banking / Benjamin Wilhelm
  • Interrogating the crisis : financial instruments, public policy and corporate governance / Hugh Willmott
  • Reconceptualizing financial innovation : frame, conjecture and bricolage / Ewald Engelen, Ismail Ertürk, Julie Froud, Adam Leaver and Karel Williams
  • Europe's toxic twins : government debt in financialized times / Daniela Gabor and Cornel Ban
  • Variegated geographies of finance : international financial centres and the (re)production of financial working cultures / Sarah Hall
  • The boundaries of finance as zones of conflict / Sabine Montagne
  • The new behemoth? : the ECB and the financial supervision reforms during the Eurozone crisis / Clément Fontan
  • Varieties of capitalism and banking in the EU / Iain Hardie
  • The financialisation of local governments : evidence from the Italian case / Andrea Lagna
  • Libor and Euribor : from normal banking practice to manipulation to the potential for reform / Daniel Seabra Lopes
  • Hedge funds : past and present /rPhotis Lysandrou
  • Offshore financial centres and tax evasion in banking / Silke Ötsch and Michaela Schmidt
  • Post-crisis bank regulation and financialized bank business models / Ian Crowther and Ismail Ertürk
  • Financial market regulation : still a regime removed from politics? / Nicholas Dorn
  • Prudential regulation in the age of internal models / José Gabilondo
  • Defences against systemic risk : a greater role and responsibility for bank lawyers? : judgement-based bank supervision / Joanna Gray and Peter Metzing
  • Shattering Glass-Steagall : the power of financial industries / Paul M. Hirsch, Jo-Ellen Pozner, and Mary Katherine Stimmler
  • How finance globalized : a tale of two cities / Gary A. Dymski and Annina Kaltenbrunner
  • How the American financial meltdown of 2008 caused the global financial crisis / Neil Fligstein and Jacob Habinek
  • Reforming the culture of banking / Grahame Thompson
  • Consumer finance and the social dimension of banks in a global economy / Toni Williams.
The Routledge Companion to Banking Regulation and Reform provides a prestigious cutting edge international reference work offering students, researchers and policy makers a comprehensive guide to the paradigm shift in banking studies since the historic financial crisis in 2007. The transformation in banking over the last two decades has not been authoritatively and critically analysed by the mainstream academic literature. This unique collection brings together a multi-disciplinary group of leading authorities in the field to analyse and investigate post-crisis regulation and reform. Representing the wide spectrum of non-mainstream economics and finance, topics range widely from financial innovation to misconduct in banking, varieties of Eurozone banking to reforming dysfunctional global banking as well as topical issues such as off-shore financial centres, Libor fixing, corporate governance and the Dodd-Frank Act. Bringing together an authoritative range of international experts and perspectives, this invaluable body of heterodox research work provides a comprehensive compendium for researchers and academics of banking and finance as well as regulators and policy makers concerned with the global impact of financial institutions.
(source: Nielsen Book Data)9780415855938 20170206
Law Library (Crown)
xiii, 368 pages : color illustrations ; 23 cm.
  • Preface / Michael D. Bordo and John B. Taylor
  • Introduction
  • Monetary policy independence under flexible exchange rates : the Federal Reserve and monetary policy in Latin America : is there policy "spillover"? / Sebastian Edwards
  • The international impact of the Fed when the United States is a banker to the world / David Beckworth and Christopher Crowe
  • A journey down the slippery slope to the European crisis : a theorist's guide / Varadarajan V. Chari, Alessandro Dovis, and Patrick J. Kehoe
  • The fundamental structure of the international monetary system / Pierre-Olivier Gourinchas
  • Monetary policy cooperation and coordination : an historical perspective on the importance of rules / Michael D. Bordo and Catherine Schenk
  • Rules-based international monetary reform / John B. Taylor, Richard Clarida, George P. Shultz
  • International monetary stability and policy / James Bullard, Robert Kaplan, Dennis Lockhart, John C. Williams.
Since the end of the Great Recession in 2009 the central banks of the advanced countries have taken unprecedented actions to reflate and stimulate their economies. There have been significant differences in the timing and pace of these actions. These independent monetary policy actions have had significant spillover effects on the economies and monetary policy strategies of other advanced countries. In addition the monetary policy actions and interventions of the advanced countries have had a significant impact on the emerging market economies leading to the charge of 'currency wars.' The perceived negative consequences of spillovers from the actions of national central banks has led to calls for international monetary policy coordination. The arguments for coordination based on game theory are the same today as back in the 1980s, which led to accords which required that participant countries follow policies to improve global welfare at the expense of domestic fundamentals. This led to disastrous consequences. An alternative approach to the international spillovers of national monetary policy actions is to view them as deviations from rules based monetary policy. In this view a return to rules based monetary policy and a rolling back of the " global great deviation" by each country's central bank would lead to a beneficial policy outcome without the need for explicit policy coordination. In this book we report the results from a recent conference which brought together academics, market participants, and policy makers to focus on these issues. The consensus of much of the conference was on the need for a classic rules based reform of the international monetary system.
(source: Nielsen Book Data)9780817920548 20170807
Law Library (Crown)
xi, 188 pages : maps, charts ; 24 cm.
  • Origin and purposes of the second bank
  • The second bank's branch network and the state banking system
  • The second bank and the "exchanges" : conquering space
  • The "production" of monetary stability
  • The second bank's specie market operations.
The year 2016 marks the 200th anniversary of the founding of the Second Bank of the United States (1816-1836). This book is an economic history of an early central bank, the Second Bank of the United States (1816-36). After US President Andrew Jackson vetoed the re-chartering of the Bank in 1832, the US would go without a central bank for the rest of the nineteenth century, unlike Europe and England. This book takes a fresh look at the role and legacy of the Second Bank. The Second Bank of the United States shows how the Bank developed a business model that allowed it to make a competitive profit while providing integrating fiscal services to the national government for free. The model revolved around the strategic use of its unique ability to establish a nationwide system of branches. This book shows how the Bank used its branch network to establish dominance in select money markets: frontier money markets and markets for bills of exchange and specie. These lines of business created synergies with the Bank's fiscal duties, and profits that helped cover their costs. The Bank's branch in New Orleans, Louisiana, became its geographic centre of gravity, in contrast with the state-chartered banking system, which was already, by the 1820s, centred around New York. This book is of great interest to those who study banking and American history, as well as economic students who have a great interest in economic history.
(source: Nielsen Book Data)9781138786622 20161124
Law Library (Crown)
xi, 240 pages ; 20 cm
  • Charlie's thoughts on successful investing
  • Charlie on business, banking, and the economy
  • Charlie's philosophy applied to business and investing
  • Charlie's advice on life, education, and the pursuit of happiness.
"A compendium of pithy quotes culled from interviews, speeches, the Daily journal, and questions and answers at the Berkshire Hathaway and Wesco annual meetings, offering insights into Munger's remarkable financial success and life philosophies."-- Front jacket flap.
Law Library (Crown)
xix, 250 pages ; 24 cm
  • Introduction: We're all underbanked
  • Where everybody knows your name
  • Bankonomics, or How banking changed and most of us lost out
  • The new middle class
  • The credit trap : "bad debt" and real life
  • Payday loans : making the best of poor options
  • Living in the minus : the millennial perspective
  • Borrowing and saving under the radar
  • Inside the innovators
  • Rejecting the new normal.
Discusses the problems with American banking and investigates such informal banking alternatives as check-cashing businesses, payday lenders, and lending clubs.
"An urgent, absorbing exposé--why Americans are fleeing our broken banking system in growing numbers, and how alternatives are rushing in to do what banks once did. What do an undocumented immigrant in the South Bronx, a high-net-worth entrepreneur, and a twenty-something graduate student have in common? All three are victims of our dysfunctional mainstream banking and credit system. Today nearly half of all Americans live from paycheck to paycheck, and income volatility has doubled over the past thirty years. Banks, with their high monthly fees and overdraft charges, are gouging their low- and middle-income customers while serving only the wealthiest Americans. Lisa Servon delivers a stunning indictment of America's banks, together with eye-opening dispatches from inside a range of banking alternatives that have sprung up to fill the void. She works as a teller at RiteCheck, a check-cashing business in the South Bronx, and as a payday lender in Oakland. She looks closely at the workings of a tanda, an informal lending club. And she delivers engaging, hopeful portraits of the entrepreneurs reacting to the unbanking of America by designing systems to creatively serve many of us."-- Dust jacket.
Law Library (Crown)
x, 168 pages : illustration ; 24 cm
  • Introduction
  • Washington's old and new system of policymaking
  • A legacy of failure : long-term care's policy history and the genesis of the CLASS Act
  • Learning from failure : only bad policy stands a chance
  • CLASS on Capitol Hill, part 1 : dodging committee jurisdiction and the number crunchers
  • CLASS on Capitol Hill, part 2 : a bipartisan backlash and the missing "fixes"
  • Two can play at that game
  • Conclusion.
"Since the 1960s, America's policymaking system has transitioned from one in which leaders like Lyndon Johnson could simply disparage the concept of budget projections to one in which policymakers consciously manipulate cost estimates. Paradoxically, the very safeguards put in place to thwart economically unsound legislation now cause chaos by incentivizing the development of flawed, even blatantly unworkable, policies. [The] pathologies of the new system are illustrated by the Community Living Assistance Services and Supports Act and its role in aiding passage of President Obama's landmark health reform law. CLASS was supposed to bring much needed relief of America's dysfunctional long-term care system, but critics argued that its flawed design rendered the program unviable. However, what appeared to be a naïve proposal was actually a carefully framed policy designed to fit the rules of the game, particularly the Congressional Budget Office's cost-projection process. Although CLASS was destined for a 'death spiral' requiring massive government bailouts, the CBO estimated it would save tens of billions of dollars. These official 'savings' made CLASS an appealing add-on to the Affordable Care Act. But when the Obama administration later announced that CLASS was impossible to implement, America's long-term care system was left in crisis. This...examination of CLASS and the machinations of Congress provides insight into how the contemporary policymaking process really functions."-- Back cover.
Law Library (Crown)
xiii, 223 pages : illustrations ; 22 cm
  • Introduction: Finance and the good life
  • The wheel of fortune
  • Risky business
  • On value
  • Becoming a producer
  • No romance without finance
  • Living the dream
  • Failing forward
  • Why everyone hates finance.
The Harvard Business School professor draws upon literature, film, philosophy, and history to argue that, at the core of finance and financial practices, there is a place for principles, ethics, and humanity.
Law Library (Crown)
157 pages : illustrations ; 18 cm.
  • Origins and function of banking
  • Financial intermediation
  • Securitized banking
  • The central bank and the conduct of monetary policy
  • Regulation and supervision of the banking industry
  • Origins of the global financial crisis
  • The global financial crisis and the Eurozone sovereign debt crisis
  • Policy and regulatory responses to the global financial crisis.
Banks are of central importance for economic growth, the allocation of capital, competitiveness, and financial stability. Propelled by technological advances in financial analysis and financial deregulation, the banking industry's investment played a key role in enhancing national economic growth in the early 21st century. The global financial crisis in 2007 revealed the banking world's feet of clay. Since 2007, the turmoil in the global financial system has prompted a fundamental reappraisal of the scale, scope, governance, performance, safety and soundness of banks and other financial institutions. In this Very Short Introduction John Goddard and John Wilson explore the world of banking, describing the role of central banks in national and global economies, and analysing the increasing supervision and regulation imposed on the banking industry. Looking to the future, the authors consider proposals for reform of the banking industry, and the prospects of a resolution of the closely-related banking and sovereign debt crises. ABOUT THE SERIES: The Very Short Introductions series from Oxford University Press contains hundreds of titles in almost every subject area. These pocket-sized books are the perfect way to get ahead in a new subject quickly. Our expert authors combine facts, analysis, perspective, new ideas, and enthusiasm to make interesting and challenging topics highly readable.
(source: Nielsen Book Data)9780199688920 20170327
Law Library (Crown)
viii, 180 pages ; 23 cm
  • The logic of promissory finance
  • The entrepreneurial ethic and the spirit of financialism
  • The ghost in the financial machine
  • The sacred market
  • Sociality, uncertainty, and ritual
  • The charismatic derivative
  • The wealth of dividuals
  • The global ambitions of finance
  • The end of the contractual promise.
In this provocative look at one of the most important events of our time, renowned scholar Arjun Appadurai argues that the economic collapse of 2008-while indeed spurred on by greed, ignorance, weak regulation, and irresponsible risk-taking-was, ultimately, a failure of language. To prove this sophisticated point, he takes us into the world of derivative finance, which has become the core of contemporary trading and the primary target of blame for the collapse and all our subsequent woes. With incisive argumentation, he analyzes this challengingly technical world, drawing on thinkers such as J. L. Austin, Marcel Mauss, and Max Weber as theoretical guides to showcase the ways language-and particular failures in it-paved the way for ruin. Appadurai moves in four steps through his analysis. In the first, he highlights the importance of derivatives in contemporary finance, isolating them as the core technical innovation that markets have produced. In the second, he shows that derivatives are essentially written contracts about the future prices of assets-they are, crucially, a promise. Drawing on Mauss's The Gift and Austin's theories on linguistic performatives, Appadurai, in his third step, shows how the derivative exploits the linguistic power of the promise through the special form that money takes in finance as the most abstract form of commodity value. Finally, he pinpoints one crucial feature of derivatives (as seen in the housing market especially): that they can make promises that other promises will be broken. He then details how this feature spread contagiously through the market, snowballing into the systemic liquidity crisis that we are all too familiar with now. With his characteristic clarity, Appadurai explains one of the most complicated-and yet absolutely central-aspects of our modern economy. He makes the critical link we have long needed to make: between the numerical force of money and the linguistic force of what we say we will do with it.
(source: Nielsen Book Data)9780226318776 20160619
Law Library (Crown)
2 volumes ; 24 cm.
  • A primer on governance, history, and legitimacy.
  • An assessment of governance and legitimacy.
The Basel Committee on Banking Supervision (BCBS) was established in 1974 as an informal group of central bankers and bank supervisors with the mandate to formulate supervisory standards and guidelines. Although the Committee does not have any formal supranational authority, it is the de facto global banking regulator and its recommendations have been widely implemented by member and non-member states. Maziar Peihani investigates the BCBS's governance, operation, and policy outcomes to determine the extent to which it is and has been legitimate. The project is comprised of two parts. This part overviews the literature on the BCBS, outlines its contribution, and provides a primer on the Committee's governance and functions. In addition, it engages with the current theories on legitimacy and discusses what legitimacy means for the global governance of banking and how it can be assessed.
(source: Nielsen Book Data)9789004328129 20170117
Part I of this project overviewed the literature on the Basel Committee of Banking Supervision (BCBS) and provided a primer on the Committee's governance and functions. It also engaged with the current theories on legitimacy and discussed what legitimacy meant for the global governance of banking and how it could be assessed. This part investigates the BCBS's governance, operation, and policy outcomes to determine the extent to which it is and has been legitimate. The assessment is conducted based on three principles of reasoned decision making, transparency, and accountability. Maziar Peihani argues that the BCBS has gradually become a more legitimate institution but there still exists significant room for improvement. He highlights a number of areas for reform and sets out policy prescriptions to enhance the BCBS's legitimacy.
(source: Nielsen Book Data)9789004337190 20170117
Law Library (Crown)