Overview
- Offers a historical explanation of how banks have not been managed from the Medici to the present day
- Showcases how the absence of management in banking has caused such devastating financial crises, depressions and recessions
- Discusses a distinct argument on bank management that has not been made before or explained historically
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Table of contents (14 chapters)
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Front Matter
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Back Matter
Keywords
About this book
Offering a historical analysis of management in banking from the Medici to present day, this book explores how banks can cause devastating financial crisis when they fail. Rather than labelling management as ‘good’ or ‘bad’, the author focuses on the concept of absent management, which can occur as a result of complexity. The complexity of banking, which intensified alongside the phenomenal growth of banks in the 20th and 21st centuries, resulted in banks that are mismanaged or, at times, even unmanaged. Drawing on business school case studies including Barings and Lehman Brothers, this book showcases how absent management in banking has caused crises, depressions and recessions, and how ultimately it will continue to do so.
Reviews
“I know of no one better placed than Christian to get to the bottom of how and why bank failures and financial crises happen. Thisbook should be widely read.” (Tim Leunig, London School of Economics and Political Science)
“In this tour de force, Christian Dinesen lifts the veil on a troubling feature of the global banking system―its absent management. The banking industry is so complex that it would need the finest managers. And yet, the same industry has long denigrated management and continues to do so. Christian makes a compelling argument for valuing management presence, lest we continue to suffer crises not only financial, but of trust and faith in business enterprises.” (Gianpiero Petriglieri, INSEAD Business School)
Authors and Affiliations
About the author
Christian Dinesen worked for a global investment bank during the 2008 financial crisis. In addition to his 35 years of experience in financial markets and management consultancy, he studied Economic History at the London School of Economics and Political Science, UK.
Bibliographic Information
Book Title: Absent Management in Banking
Book Subtitle: How Banks Fail and Cause Financial Crisis
Authors: Christian Dinesen
DOI: https://doi.org/10.1007/978-3-030-35824-2
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 2020
Hardcover ISBN: 978-3-030-35823-5Published: 28 January 2020
Softcover ISBN: 978-3-030-35826-6Published: 28 January 2021
eBook ISBN: 978-3-030-35824-2Published: 27 January 2020
Edition Number: 1
Number of Pages: VIII, 305
Number of Illustrations: 1 b/w illustrations
Topics: Banking, Financial Crises, Business Strategy/Leadership