In this special issue of Research in Finance, editors Rita Biswas and Michael Michaelides compile eleven papers, five of which were selected from the II International Conference on Economics and Finance (ICEF-II) in Bengaluru, India. This volume focuses on a gamut of topics ranging from monetary
policy to corporate governance in emerging economies. More specifically, it presents papers on the role of board characteristics and sub-committees on firm performance, the impact of US quantitative easing on countries like India and China, public-private partnerships in infrastructure projects in
India, and multinational banking evolution in Nigeria and India. In order to advance the field of international economics and finance, it is necessary to question conventional practice and research approach. Incorporating analysis of classical theories of international finance and economics, the
papers in this volume present new innovative theories that seek to do just that. They are essential reading for researchers interested in development economics and emerging finance.
The debates around financial services regulation are fierce and unending, and with every new development or law, rigid positions seem to grow. In this insightful new book, expert author John A. Consiglio discusses developments in this vital part of the wide world of finance.
Including discussions on the public interest elements of regulation, on informational asymmetry, and on the economist/regulator duopoly, Consiglio analyses various key contentious element of regulatory practices from both the regulators' and regulatees' perspectives. Focusing on the chasm between
the perceived hierarchical aloofness of regulators, and the real needs of individual users of financial services, Consiglio explores the complicated and often worrying landscape of financial services regulation. Looking across historical detail to the present, and future, of regulation, the chapters
also include a keen discussion of economics and regulatory pedagogy in the modern age.
For researchers and students of finance, and for all professionals involved in the financial services sector, this is an unmissable book that interrogates the current landscape defining our global economy.
Many economies in the world are characterised by a bank-based financial system, that is, the financial intermediation process is mostly performed by banks. It is therefore critically important to undertake a fully-fledged analysis of the banking sector with respect to financial stability
The Banking Sector Under Financial Stability considers the unique position of banks which by nature assume higher risks, but with a low equity to total assets ratio. It recognises that balance sheet analysis of banks becomes a key element in financial stability risk assessment and that the sources
of banks’ funding also pose risks to financial stability. The book also gives due consideration to the interactive forces which prevail among banks, macroeconomic states, asset prices, the household sector, and monetary policy. The differences between the US and the European Union are also
covered at length, as are the various credit risk models pertinent for banks.
This book will prove valuable to central bankers, economists, and policy-makers who are involved in the field of financial stability, as well as researchers studying the field.