Money, Credit, and Crises

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.Emphasizes how central banks (or other regulators) could plan their actions in order to minimize the damage made by a crisis while simultaneously not affecting the economy's growth prospects.

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

Autorentext

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.

Inhalt
Part I: A History of Banking.- 1.A brief history of money and credit.- 2.Banking in the 20th Century.- Part II: How Banking Works.- 3.Money and Inflation.- 4.Money and Banking.- 5.Banking and the economy.- 6.Investment Banking.- 7.Banking in Crisis.- 8.Financial Instability.- Part III: Modern Banking.- 9.Securitization.- 10.Shadow Banking.- 11.Modern Crisis-Dealing Practices.- 12.Epilogue: The Future.