Regulating Banks
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€97.99
A01=Andrew Whitworth
A01=Dr Andrew Whitworth
Age Group_Uncategorized
Age Group_Uncategorized
Author_Andrew Whitworth
Author_Dr Andrew Whitworth
automatic-update
banking regimes
Category1=Non-Fiction
Category=KFFK
central banking
COP=United Kingdom
Delivery_Delivery within 10-20 working days
eq_bestseller
eq_business-finance-law
eq_isMigrated=2
eq_nobargain
eq_non-fiction
financial services
Fintech
global financial crisis
Language_English
money supply
PA=Available
Price_€50 to €100
PS=Active
softlaunch
Product details
- ISBN 9781788214049
- Dimensions: 156 x 234mm
- Publication Date: 10 Dec 2021
- Publisher: Edinburgh University Press
- Publication City/Country: GB
- Product Form: Hardback
- Language: English
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Banks have been at the heart of economic activity for centuries, but since the 2008 financial crisis scrutiny of their activities and regulation of their actions has become the focus of fervent academic, policy and political activity. This focus takes for granted the existence and nature of banks.
In Regulating Banks, Andrew Whitworth looks one stage deeper to question what a bank really is, and what the implications of that are. He argues that the institutional form of a bank represents the political compromise of a specific time and place - and can therefore change. This has implications for financial stability. Far from creating stability, he argues, the regulatory impulse of policy-makers inevitably leads to greater financial instability.
Whitworth examines the postwar period of UK banking to show how regulation influences the nature of banks as much as their behaviour. Regulation, by changing the nature of what is regulated, encourages banks and other actors over time to alter their behaviour, which leads to future boom and bust cycles. These cycles then require further regulation to rein in the disruption their new pattern of behaviour inevitably instigates.
Regulating Banks reveals the cyclical nature of banking regulation, the inherent mismatch between political impulses and market reactions, and the price banks, banking and society pay for such instability.
Andrew is a policy and regulatory expert specialising in financial technology. He is the founder of Global Policy LTD, Visiting Fellow at the European University Institute in Florence, and an Adjunct Professor at IE University in Madrid. Andrew brings in-house policy director expertise from crypto, payments and fintech companies like Ripple and Curve, with a particular focus on the UK, EU and Middle East. Previously he served as an official at the Bank of England, developing its policy for fintech, stablecoins, CBDCs and crypto. He researches and teaches on the international political economy of financial innovation.
