Suchergebnisse

Cover -- Half Title -- Title Page -- Copyright Page -- Table of Contents -- List of Tables -- Preface -- PART 1 THE EU'S COCKTAIL OF BUSINESS AND POLITICS -- 1 Beyond the European Union's Fiftieth Birthday -- 2 Britain, America, Russia and the EU -- 3 The Business of Europe is Politics -- 4 Declinismé in the EU: A Case Study on France -- PART 2 THE EU'S CONFLICTING AIMS AND INADEQUATE BUSINESS PRACTICES -- 5 Politicians, Managers and Parliamentarians of the EU -- 6 The EU's Constitution and Constitutional Referendums -- 7 Perils of the EU's Enlargement -- PART 3 THE EU'S ECONOMIC NATIONALISM -- 8 Business Opportunity? Take it or Leave it -- 9 The European Union's Economic Nationalism -- 10 Case Studies on Economic Nationalism -- 11 The European Aeronautics Defence and Space Industrial Giant -- PART 4 THE DECLINE OF THE ATLANTIC ALLIANCE -- 12 Useful as Feathers on a Fish -- 13 Energy Supplies and New Alliances -- Epilogue: The 2010 Greek Financial Drama

As financial positions expand, the economy becomes more vulnerable to adverse and unexpected developments taking place outside the six to seven year business cycle. Over 50 years ago Nikolai Kondratieff developed the theory of "The Long Waves in Economic Life", which incorporated an extended cycle of innovation and upward thrust, and changed our understanding of business cycles in financial settings. Financial Cycles concentrates on two areas that have thus far been omitted from mainstream economics. The first is the impact of the longer term financial cycle; the second is the beginning of de-globalization as the world enters an era of iron-glad economic blocks. Chorafas argues that to overcome the more narrow limits of the business cycle, we need to go beyond its traditional six to seven year focus and address the longer term. This includes the building-up and running-off of economic risks characterizing the financial cycle, as well as the appreciation of forces underwriting both its growth and its decay. An ever-increasing public debt and the behavior of the banking industry are two principal reasons why the structure of analysis characterizing the previous financial cycle no longer fits present-day realities. A new methodology starts getting in shape, even if it still has to acquire political legitimacy

"Banks, Bankers, and Bankruptcies Under Crisis" uses case studies of failed banks, banks that would have failed without taxpayer intervention, and in some cases banks obliged to merge under government pressure, to better understand global banking today. Using these case studies from around the world, including the United States, Britain, Germany, France, Italy and Japan, expert Dimitris N. Chorafas examines whether the Basel III new rules might have made a difference for the success of banks during the Great Recession.

The 'good life' for households has passed. The unwanted result which accompanied it is the sea of red ink. Confidence in the western way of life will not return until the current mess of a dysfunctional society, and its economy, is cleared out. Household Finance explains why and how this can be done

The Changing Role of Central Banks derives lessons from current economic and financial challenges as well as failures in confronting them. Through this approach, it brings under perspective political and social reactions to major economic problems of the last ten years, particularly those pertaining to money and initiatives taken by central banks, What are the conditions that gave rise to the change in central banks? Without recourse to ideological arguments, Chorafas derives lessons from current economic and financial challenges as well as failures in confronting them. Through this approach, The Changing Role of Central Banks brings into perspective financial, political and social reactions to major economic problems of the last ten years, particularly those pertaining to money and initiatives taken by central banks, and the parallel challenge of bank regulation

What are the conditions that gave rise to the change in central banks? Without recourse to ideological arguments, Chorafas derives lessons from current economic and financial challenges as well as failures in confronting them. Through this approach, The Changing Role of Central Banks brings into perspective financial, political and social reactions to major economic problems of the last ten years, particularly those pertaining to money and initiatives taken by central banks, and the parallel challenge of bank regulation.

Cover; Contents; List of Tables and Figures; Introduction; PART I: THE FINANCIAL CRISIS IS SHAPING REGULATORY REFORM; 1 Basel III: An Overview and a Warning; A bird's eye view of Basel III capital rules; The concept underlying modern regulation; The devil is in the detail of all decisions; What the book offers the reader; PART II: THE PERPETUAL MOTION OF GLOBAL FINANCE; 2 Finance and Banking Are Time and Motion Machines; The central bankers' trilemma; Effects of the 'New Economy' on the financial time machine; Expanding financial markets and their scams

The new capital adequacy rules by the Basel Committee on Banking Supervision, widely known as Basel III, is a set of regulatory standards. The regulatory activities of the Basel Committee divide into two major epochs: before and after the deep economic and banking crisis of 2007-2011. This crisis has already fundamentally changed the sense of prudential regulation, and the outcome has been Basel III. In this book Chorafas takes a well-rounded look at Basel III's strengths and weaknesses. Whether Basel III will be a success or a failure, we don't yet know. What can be argued is that there will be an important long-term impact on the banking industry, and most particularly on big global banks ₆ provided that governments don't alter the Basel III rules, delaying their implementation or canceling them altogether. Governments, however, are playing devil with Basel's higher capital ratios and liquidity requirements, probably because they know the sorry state of financial institutions under their watch.