Do We Understand It? Forbidden Questions on the Financial Crisis

Bruni, Franco

doi:10.4337/9781781007792.00011

Cited by 3 publications

(2 citation statements)

References 11 publications

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“…Private cooperative banks, in contrast, maintain their own sectoral systems of liquidity sharing and deposit insurance that are separate from the institutions of the larger, national financial system applicable to other banks. Their reasoning is that they constitute a low-cost, low-risk form of finance that would not be able to function if forced to pay higher amounts of capital into schemes designed to protect depositors and creditors of mainstream banks with riskier business practices (Ayadi and Lastra 2010;Bruni 2009). While they do not directly rely on guarantees from local government, they certainly require the acquiescence of national supervisory authorities in maintaining their own systems and institutions at a lower cost.…”

Section: What Makes Alternative Banks Different?mentioning

confidence: 99%

Banking union and the future of alternative banks: revival, stagnation or decline?

Donnelly¹

2016

West European Politics

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Alternative banks -primarily savings and cooperative banks -have long been important components of national financial systems in many member states. Across Europe they are recognised as key institutions for small and medium-sized enterprise (SME) finance, as well as the key institutions for providing mortgage and other credit to low-and medium-income households (LMIHs) that other banks undersupply. In the wake of Europe's financial crisis and its response in the form of banking union, alternative banks increasingly fall under stricter banking regulation designed primarily for commercial banks and the supervision of the European Central Bank (ECB). But the ECB's philosophy and methodology of ensuring that banks are properly capitalised and committed to standardised prudential practices and insurance schemes poses challenges to the traditional business model of alternative banks. They find it difficult to raise outside capital under stress due to their non-profit status, difficult to dispose of assets due to the overwhelming importance to their business model of lending to local businesses, government and households, and costly to establish modern systems of deposit insurance and bank resolution

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Section: What Makes Alternative Banks Different?mentioning

confidence: 99%

Banking union and the future of alternative banks: revival, stagnation or decline?

Donnelly¹

2016

West European Politics

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“…Como he apuntado, el estallido de la crisis tuvo lugar con sistemas financieros fuertemente endeudados. El nivel de deuda estaba escasamente regulado; de una manera menos estricta para los bancos europeos que para los Estados Unidos, cuyos bancos comerciales tenían limitado el nivel de endeudamiento y ello estimuló el crecimiento fuera de balance (Bruni, 2009). De manera que lo acontecido en los últimos treinta años no debe considerarse normal, sino una acumulación de desequilibrios que precisan corrección.…”

Section: Instituto Universitario De Análisis Económico Y Socialunclassified

Sistema Financiero Y Productividad Económica

2013

Keynes Y La Crisis Financiera Actual

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The financial crisis that broke out in autumn of 2007 has made us wonder about the economic effects of finance. From a suggestive approach this work analyzes the consequences of the expansion of the markets, the institutions and the volume of financial transactions. Finance has spread to all the facets of economic life, with families as the main player. Some countries have incurred substantial deficits trying to soften the correction required of the debt overhanging on families, businesses and financial institutions. The actions of governments and central banks, having taken into consideration the Great Depression's experience, have flooded with liquidity the financial systems.Five years after the beginning of the financial crisis no sustained financial recuperation is discerned and no decisive reforms have been produced in order to reduce the potential financial instability.

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The Global Financial Crisis – A Behavioral View

Grosse

2010

SSRN Journal

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Do We Understand It? Forbidden Questions on the Financial Crisis

Cited by 3 publications

References 11 publications

Banking union and the future of alternative banks: revival, stagnation or decline?

Banking union and the future of alternative banks: revival, stagnation or decline?

Sistema Financiero Y Productividad Económica

The Global Financial Crisis – A Behavioral View

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