Overview
- Explains how the banking sector works in a simplified, concise but complete and comprehensive way
- Elaborates on how the banking sector connects with the economy, how financial crises can arise, and the impact these can have
- Showcases how the banking system is expected to develop in the near future and the extent at which policymakers can have an impact
- Evaluates various policy suggestions that aim to make the banking system more robust
- Overviews how regulators could plan their actions in order to minimize the damage made by a crisis while simultaneously not affecting the economy’s growth prospects
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Table of contents (12 chapters)
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Front Matter
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A History of Banking
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Front Matter
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How Banking Works
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Front Matter
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Modern Banking
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Front Matter
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Back Matter
Keywords
About this book
While paramount to the modern economy, understanding how the banking system works has been usually cast aside from overall economic education. Even in the aftermath of the recent financial crisis, which has underlined the vital importance of banking in the economy, the workings of the sector remain a black box. To this end, this book provides a comprehensive and easy to read review of the banking sector, covering all issues related to commercial and investment banking and providing experienced as well as non-expert readers the opportunity to expand their knowledge on these topics. After going through the book, readers have the opportunity to gain a deeper knowledge regarding the commercial and investment functions of the banking sector and the ability to evaluate the potential outcome of policy actions.
Authors and Affiliations
About the author
Nektarios Michail is an Economist at the Department of Economic Analysis and Research at the Central Bank of Cyprus. He has previous experience in various positions in the finance industry, notably in brokers and investment funds, providing investment analysis on an array of financial instruments. Nektarios holds a PhD from the Cyprus University of Technology, where he taught for a number of years. His research, focusing on banking and economic policy as well as international and maritime economics, has been published in various academic journals.
Bibliographic Information
Book Title: Money, Credit, and Crises
Book Subtitle: Understanding the Modern Banking System
Authors: Nektarios Michail
DOI: https://doi.org/10.1007/978-3-030-64384-3
Publisher: Palgrave Macmillan 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 2021
Hardcover ISBN: 978-3-030-64383-6Published: 26 January 2021
Softcover ISBN: 978-3-030-64386-7Published: 27 January 2022
eBook ISBN: 978-3-030-64384-3Published: 25 January 2021
Edition Number: 1
Number of Pages: XV, 251
Number of Illustrations: 48 b/w illustrations, 18 illustrations in colour
Topics: Banking, Financial Crises