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Absent Management in Banking

How Banks Fail and Cause Financial Crisis

Authors: Dinesen, Christian

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  • 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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Buy this book

eBook 85,59 €
price for Spain (gross)
  • ISBN 978-3-030-35824-2
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover 103,99 €
price for Spain (gross)
  • ISBN 978-3-030-35823-5
  • Free shipping for individuals worldwide
  • Institutional customers should get in touch with their account manager
  • Covid-19 shipping restrictions
  • Usually ready to be dispatched within 3 to 5 business days, if in stock
  • The final prices may differ from the prices shown due to specifics of VAT rules
Softcover 72,79 €
price for Spain (gross)
  • ISBN 978-3-030-35826-6
  • Free shipping for individuals worldwide
  • Institutional customers should get in touch with their account manager
  • Covid-19 shipping restrictions
  • Usually ready to be dispatched within 3 to 5 business days, if in stock
  • The final prices may differ from the prices shown due to specifics of VAT rules
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.


About the authors

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.  

Reviews

​“Christian Dinesen, a talented analyst and successful senior executive, is helping us understand why history repeats itself in the banking sector since the Medici. Banking is the blood system of all economies. It needs experts, but often lacks real managers. Christian’s advocacy for more simplicity and his great analysis of historical precedents will help the reader detect earlier the warning signals of the next big crisis!” (Henri de Castries, former Chairman and CEO, AXA SA)
“I know of no one better placed than Christian to get to the bottom of how and why bank failures and financial crises happen. This book 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)

Table of contents (14 chapters)

Table of contents (14 chapters)
  • Introduction: Not Managed at All—How the Idea for This Book Occurred and What It Is About

    Pages 1-13

    Dinesen, Christian

  • The Medici and Renaissance Complexity: How the Challenges of Renaissance Banking Finally Defeated the First Multinational Bank

    Pages 15-32

    Dinesen, Christian

  • Rothschild, the Largest Bank in the World: How Multinational Family Ownership Overcame Nearly All Management Complexities When Others Failed

    Pages 33-49

    Dinesen, Christian

  • Less Regulation Means Greater Complexity: How Looser Bank Regulation Allowed Faster Growth, Greater Complexity and Contributed to Absent Management in Banking

    Pages 51-73

    Dinesen, Christian

  • Complexity from Growth: Territory and Size—How Absent Management Occurred Through Growth by State, Country and Sheer Size

    Pages 75-94

    Dinesen, Christian

Buy this book

eBook 85,59 €
price for Spain (gross)
  • ISBN 978-3-030-35824-2
  • Digitally watermarked, DRM-free
  • Included format: EPUB, PDF
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover 103,99 €
price for Spain (gross)
  • ISBN 978-3-030-35823-5
  • Free shipping for individuals worldwide
  • Institutional customers should get in touch with their account manager
  • Covid-19 shipping restrictions
  • Usually ready to be dispatched within 3 to 5 business days, if in stock
  • The final prices may differ from the prices shown due to specifics of VAT rules
Softcover 72,79 €
price for Spain (gross)
  • ISBN 978-3-030-35826-6
  • Free shipping for individuals worldwide
  • Institutional customers should get in touch with their account manager
  • Covid-19 shipping restrictions
  • Usually ready to be dispatched within 3 to 5 business days, if in stock
  • The final prices may differ from the prices shown due to specifics of VAT rules

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Bibliographic Information

Bibliographic Information
Book Title
Absent Management in Banking
Book Subtitle
How Banks Fail and Cause Financial Crisis
Authors
Copyright
2020
Publisher
Palgrave Macmillan
Copyright Holder
The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG
eBook ISBN
978-3-030-35824-2
DOI
10.1007/978-3-030-35824-2
Hardcover ISBN
978-3-030-35823-5
Softcover ISBN
978-3-030-35826-6
Edition Number
1
Number of Pages
VIII, 305
Number of Illustrations
1 b/w illustrations
Topics