Overview
- Presents finance as a source of risks
- Proposes a simplified regulatory framework
- Explains why is it important to maintain tight supervision of the banks
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Table of contents (14 chapters)
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Front Matter
Keywords
About this book
Banking is like a cardiovascular system for our society. If it functions correctly, it allows the economy to operate smoothly. On the other hand, if it malfunctions it becomes a doomsday device. This creates an asymmetry of risks – the asymmetry between the potential dire consequences and the modest rewards of accepting those risks.
Banking was one of the critical technological factors enabling the transition from the middle ages and the creation of modern society. However, while today it contributes little to economic growth, its malfunction has a profound and lasting adverse impact.
The book explains why, how and what. Why is it important to keep tight supervision of the banks? How can banking supervision improve stability, not only of the financial system but also of the whole human society? What went wrong with the regulation in the past?
Authors and Affiliations
About the author
Damir Odak served as a Vice-Governor of the Croatian National Bank, where he contributed to financial stability during the most prolonged recession in the EU. He also participated in the development of EU regulations as a member of the European Banking Authority (EBA) Board of Supervisors.
Odak has worked as a CEO and board member for 22 years, and successfully managed three banks during major restructuring periods, including bank acquisitions (domestic and international), mergers, significant portfolio clean-ups and the establishment of a bank.
Bibliographic Information
Book Title: A Political Economy of Banking Supervision
Book Subtitle: Missing a Chance
Authors: Damir Odak
DOI: https://doi.org/10.1007/978-3-030-48547-4
Publisher: Springer Cham
eBook Packages: Economics and Finance, Economics and Finance (R0)
Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2020
Hardcover ISBN: 978-3-030-48546-7Published: 19 June 2020
Softcover ISBN: 978-3-030-48549-8Published: 20 June 2021
eBook ISBN: 978-3-030-48547-4Published: 18 June 2020
Edition Number: 1
Number of Pages: XII, 181
Number of Illustrations: 14 b/w illustrations
Topics: Macroeconomics/Monetary Economics//Financial Economics, Financial Services, Political Economy/Economic Systems, Public Economics, International Economics, Financial History