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Regulation
The Banking Crisis Handbook

Authors: Editor: Greg N. Gregoriou
Editions: CRC Press, Taylor & Francis Group
Pages: 628 pages
Date: December 2009
 
 
 
Summary
Shedding new light on the recent worldwide banking debacle, The Banking Crisis Handbook presents possible remedies as to what should have been done prior, during, and after the crisis. With contributions from well-known academics and professionals, the book contains exclusive, new research that will undoubtedly assist bank executives, risk management departments, and other financial professionals to attain a clear picture of the banking crisis and prevent future banking collapses.

The first part of the book explains how the crisis originated. It discusses the role of subprime mortgages, shadow banks, ineffective risk management, poor financial regulations, and hedge funds in causing the collapse of financial systems. The second section examines how the crisis affected the global market as well as individual countries and regions, such as Asia and Greece. In the final part, the book explores short- and long-term solutions, including government intervention, financial regulations, efficient bank default risk approaches, and methods to evaluate credit risk. It also looks at when government intervention in financial markets can be ethically justified.

François-Serge Lhabitant, Affiliate Professor of Finance at EDHEC Business School, and Chief Investment Officer of Kedge Capital, has contributed a chapter to the first part of the handbook entitled "Solving the Banking Crisis: A Private Capital Solution", in which he discusses an alternative solution to the problem, namely the collaboration with hedge funds and private pools of capital in order to rescue the banking system, as opposed to the usual measures taken by governments, regulators and politicians (such as providing certain financial assistance, purchasing toxic assets and changing the regulation to keep the banks afloat) that can potentially encourage excessive risk taking.

About the editor:

Greg N. Gregoriou is Professor of Finance in the School of Business and Economics at the State University of New York, Plattsburgh. Since 2010, he is also a Research Associate with the EDHEC-Risk Institute.