This book brings together topical issues in banking such as reform in China, electronic money and loan pricing, and highlights key policy and research in the field.
List of Figures
p. ix
List of Tables
p. x
Acknowledgements
p. xii
Notes on Contributors
p. xiii
Introduction
p. 1
Banking Mergers and Acquisitions' Performance in Europe
p. 8
Introduction
p. 8
Theoretical background
p. 9
M&A and efficiency
p. 10
M&A and market power
p. 12
Other non-maximizing value explanations of M&A
p. 13
Empirical findings on bank M&A
p. 14
Banking M&As and value creation: still not very conclusive results
p. 15
Banking M&As and efficiency
p. 16
Banking M&As and market power
p. 18
A new conceptual approach to assess banking M&A
p. 19
Analysing banking M&A performance in Europe
p. 22
Conclusions
p. 36
Cross-Border Bank M&A in Emerging Markets - Value Creation or Destruction?
p. 59
Introduction
p. 59
International consolidation in banking
p. 61
Event study methodology
p. 63
Construction of sample and data
p. 65
Results
p. 68
Conclusion
p. 73
Bank Capital and Loan Pricing: Implications of Basle II
p. 78
Introduction
p. 78
Implications of Basle II on bank capital
p. 81
Implications of Basle II on loan pricing
p. 84
Data and risk definitions
p. 85
The relationship between risk and bank capital held under Basle I
p. 86
The financial funding of loans under Basle I
p. 90
Estimating the impact of Basle II on banks' lending rates
p. 92
Empirical findings concerning expected effects of Basle II on Swedish ISBs
p. 94
The questionnaire study
p. 96
Case 1 (non-converted ISB)
p. 98
Case 2 (converted ISB)
p. 99
Conclusion
p. 100
Capital Market Frictions and Bank Lending in the EU
p. 103
Introduction
p. 103
Bank lending, internal funds, and constraints: a review of the empirical literature
p. 108
Bank lending and internal capital funds: data and methodology
p. 111
Results
p. 114
Conclusion and implications
p. 124
Banks in the Microfinance Market
p. 131
Introduction
p. 131
A new conception of microfinance: the role of commercial banks
p. 131
Sustainability and outreach: can banks make ethical profit from microfinance?
p. 138
Policies for improving sustainability: a lesson for banks and traditional MFIs
p. 143
Conclusion
p. 146
Migrants and Financial Services: Which Opportunities for Financial Innovation?
p. 149
Introduction
p. 149
Migrants: a new market segment for banks and financial institutions
p. 150
Financial exclusion and inclusive policies
p. 152
Migration phases and personal variables as key elements of financial needs
p. 156
Areas of financial innovation
p. 165
Re-inventing customer relations
p. 165
Product innovation
p. 169
Conclusions and future perspectives
p. 178
Deepening Banking Reforms of China to Ensure Sustainable Growth in a Global World
p. 186
Introduction
p. 186
The current state of China's macro-economy
p. 189
China's bank-based financial system
p. 194
Concluding remarks and recommendations
p. 202
Efficiency and Productivity Change in Greek Banking: Methods and Recent Evidence
p. 211
Introduction
p. 211
A brief overview on the recent methods of frontier analysis
p. 213
Studies on bank efficiency and productivity in Greece
p. 216
Conclusions
p. 227
Electronic Money Use: Evidence from Survey Data
p. 234
Introduction
p. 234
Payment instruments in Europe: a cross-country comparison
p. 234
Empirical studies on payment card usage: a review
p. 237
The model
p. 239
Research methodology
p. 240
The sample and variable measurement
p. 241
Results
p. 242
Conclusions and implications for further research
p. 247
Index
p. 251
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