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From Good to Bad Bankers Lessons Learned from a 50-Year Career in Banking
Author
Title
From Good to Bad Bankers [electronic resource] : Lessons Learned from a 50-Year Career in Banking / by Aristóbulo de Juan.
ISBN
9783030115517
Publication
Cham : Springer International Publishing : Imprint: Palgrave Macmillan, 2019.
Physical Description
1 online resource (XXVII, 149 p.) 4 illus.
Local Notes
Access is available to the Yale community.
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Access restricted by licensing agreement.
Summary
Bankers are administrators of other people’s money, and they are responsible both to their depositors and to other stakeholders. Human nature being what it is, however, they sometimes fall prey to overweening ambition, coming to see themselves as the rightful beneficiaries of the moneys entrusted to them. This can lead them to make poor lending decisions and engage in risky practices, eventually moving on to cosmetic accounting and the concealment of problems, speculation and even outright fraud. Supervisors are there to prevent such behaviour, of course. They are responsible to government and the general public alike for the stability of the financial system, the proper allocation of financial resources by the banks and the protection of depositors and creditors. Their responsibility is, then, subsidiary to that of the bankers themselves. Where supervision is lax and ineffective, however, it encourages bad management by bankers, creating a vicious circle that eventually leads to financial crises, which has most often to be cured using tax-payers’ money. Of course, it also hurts the broader economy. That is why the inseparable trio of regulation, supervision and resolution must exist. In this collection of his writings over a period of some 50 years, Aristóbulo de Juan describes the causes, characteristics and consequences of financial crises based on his own experience as a central banker, world bank expert and consultant spanning a career of more than 55 years. In a nutshell, the papers brought together in this book recount circumstances that have always plagued banking, and that are only too likely to recur in the future.
Variant and related titles
Springer ENIN.
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Format
Books / Online
Language
English
Added to Catalog
April 01, 2019
Contents
1. From good bankers to bad bankers
2. The Spanish banking crisis of the 1970s and 1980s
3. The microeconomic roots of the banking crisis
4. Bank reform in eastern Europe
5. ‘False friends' and banking reform
6. The dynamics of undisclosed insolvency
7. Obstacles in the way of crisis resolution excerpts from the paper Despejar el Terreno (Clearing the Decks)
8. The financial systems and the ethics of restructuring
9. Liquidity and euphoria
10. The recommended option
11. The problems of the European banking union
12. Stability and its risks
13. Practical lessons for dealing with problem banks
14. Non performing loans - NPLs.
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