About the Authors

Glossary

Preface

1 Banks in Crisis Time and Time Again

Regulating Banks

table 1.1 The world’s 1,000 biggest banks by region of origin, 1990–2010

The Argument

table 1.2 A typology of rules

figure 1.1 Bank regulation and practice

2 Banking is a Confidence Game

Contradictions

Social Foundations

States, Rules and Crisis

figure 2.1 International capital mobility and episodes of banking crisis 1800–2008

Conclusion

3 Disintermediation and Financial Innovation

Sources and Signs of Change

Rise of the Capital Markets

figure 3.1a Emerging Asia domestic financing patterns 2001

figure 3.1b Emerging Asia domestic financing patterns 2010

Extreme Financial Innovation and Uncertainty

What Are Banks Today?

Conclusion

4 Self-Regulation and Risk-Taking

The Move to Self-Regulation

Self-Regulation: Global and Domestic Interactions

The Self-Regulation Risk-Taking Nexus

Conclusion

5 Problems with Reform Proposals

figure 5.1 Reform proposals in perspective

The Problem with Banning Proprietary Trading

The Problem with Breaking Up the Banks

The Problem with Macroprudential Policies

Conclusion

Conclusion: What is to be Done about Banks?

Banks Have Changed beyond Recognition

We Are Responsible for What Banks Do

Banks Can Work for Us

Conclusion

References

Index

About Zed Books