Bank Liquidity Creation and Financial Crises

Langue : Anglais

Auteurs : Berger Allen N., Bouwman Christa

Couverture de l’ouvrage Bank Liquidity Creation and Financial Crises

Résumé
Sommaire
Lectorat
Biographie
Commentaire

Bank Liquidity Creation and Financial Crises delivers a consistent, logical presentation of bank liquidity creation and addresses questions of research and policy interest that can be easily understood by readers with no advanced or specialized industry knowledge.

Authors Allen Berger and Christa Bouwman examine ways to measure bank liquidity creation, how much liquidity banks create in different countries, the effects of monetary policy (including interest rate policy, lender of last resort, and quantitative easing), the effects of capital, the effects of regulatory interventions, the effects of bailouts, and much more. They also analyze bank liquidity creation in the US over the past three decades during both normal times and financial crises.

Narrowing the gap between the "academic world" (focused on theories) and the "practitioner world" (dedicated to solving real-world problems), this book is a helpful new tool for evaluating a bank?s performance over time and comparing it to its peer group.

PART I – INTRODUCTORY MATERIALS

1. Introduction
2. Liquidity Creation Theories
3. Understanding Financial Statements
PART II – LIQUIDITY CREATION MEASUREMENT AND USES
4. Measurement of Bank Liquidity Creation
5. Using Liquidity Creation to Measure Bank Output
6. Using Liquidity Creation to Measure Bank Liquidity
Part III – FINANCIAL CRISES, LIQUIDITY CREATION, AND THEIR LINKS
7. Defining and Dating Financial Crises
8. How Much Liquidity Do Banks Create During Normal Times and Financial Crises?
9. The Links between Bank Liquidity Creation and Future Financial Crises
PART IV – CAUSES AND CONSEQUENCES OF LIQUIDITY CREATION
10. Do Better-Capitalized Banks Create More or Less Liquidity?
11. Which Banks Create the Most and Least Liquidity?
12. How do Government Policies and Actions affect Bank Liquidity Creation during Normal Times and Financial Crises?
13. Bank Liquidity Creation: Value, Performance, and Persistence
Part V – LOOKING TOWARD THE FUTURE
14. How Can Bank Executives, Financial Analysts, Researchers, and Policy Makers (Including Legislators, Regulators, and Central Bankers) Use Bank Liquidity Creation Data to Their Advantages?
15. Where We Now Stand and the Open Research and Policy Questions
16. Links to Websites Containing Data, Documents, and Other Information Useful for U.S. Bank Performance Benchmarking, Research, and Policy Work

References

Upper-division undergraduates, graduate students, academics, and professionals worldwide working in banking, financial intermediation, and regulation.

Allen N. Berger is H. Montague Osteen, Jr., Professor in Banking and Finance at the University of South Carolina, President of the Financial Intermediation Research Society, Senior Fellow at the Wharton Financial Institutions Center, and Fellow of the European Banking Center.

He has published over 125 articles in refereed journals, including in top finance journals, Journal of Finance, Journal of Financial Economics, and top economics journals, Journal of Political Economy and American Economic Review. He is co-author of two research books and co-edited all three editions of the Oxford Handbook of Banking. He serves on nine journal editorial boards, co-edited eight special issues of research journals, and formerly edited the Journal of Money, Credit, and Banking.

His research has been cited over 90,000 times, including 30 articles with over 1,000 citations each, and another 19 with over 500 citations each. He has given invited keynote addresses on five continents.
Christa H.S. Bouwman is Associate Professor of Finance and RepublicBank Research Fellow at Mays Business School at Texas A&M University; Fellow of the Wharton Financial Institutions Center; and a Research Associate at the Federal Reserve Bank of Cleveland. She was Associate Professor of Banking & Finance at Case Western Reserve University, where she also held the Lewis-Progressive Chair; Visiting Assistant Professor of Finance at MIT’s Sloan School of Management; and Visiting Scholar at the Federal Reserve Bank of Boston. Professor Bouwman’s research interests are in Financial Intermediation and Corporate Finance. She is an Associate Editor at three journals. Her research papers have been published in the Journal of Financial Economics, Review of Financial Studies, Journal of Banking & Finance, MIT / Sloan Management Review, and Oxford Handbook of Banking. She is co-author of Bank Liquidity Creation and Financial Crises (Elsevier). Professor Bouwman worked for five years at ABN AMRO Bank

Explains that bank liquidity creation is a more comprehensive measure of a bank’s output than traditional measures and can also be used to measure bank liquidity
Describes how high levels of bank liquidity creation may cause or predict future financial crises
Addresses questions of research and policy interest related to bank liquidity creation around the world and provides links to websites with data and other materials to address these questions
Includes such hot-button topics as the effects of monetary policy (including interest rate policy, lender of last resort, and quantitative easing), the effects of capital, the effects of regulatory interventions, and the effects of bailouts