Global Banking
Roy C. Smith, Ingo Walter, and Gayle DeLong
Abstract
Few sectors of the global economy have experienced the dynamic and structural change that has occurred over the past several decades in banking and financial services, or as much turbulence and damage to the economy and to individuals. Regulatory and technological changes have been among the main catalysts of transformation in the financial industry worldwide, making entrenched competitive structures obsolete and mandating the development of new products, new processes, new strategies, and new public policies toward the industry. This book attempts to reassess the continuing transformation pro ... More
Few sectors of the global economy have experienced the dynamic and structural change that has occurred over the past several decades in banking and financial services, or as much turbulence and damage to the economy and to individuals. Regulatory and technological changes have been among the main catalysts of transformation in the financial industry worldwide, making entrenched competitive structures obsolete and mandating the development of new products, new processes, new strategies, and new public policies toward the industry. This book attempts to reassess the continuing transformation process of global banking and finance—its causes, its course, and its consequences. It begins with an overview of the most recent developments. Next, the major dimensions of international commercial and investment banking are examined, including money and foreign exchange markets, debt capital markets, international bank lending, derivatives, asset-based and project financing, and equity capital markets. Next, the various advisory businesses—mergers and acquisitions, privatizations, institutional asset management, and private banking—are analyzed. In each case, the factors that distinguish the winners from the losers are identified. This is brought together in the final section of the book, which deals with problems of strategic positioning and execution, as well as with critical risk issues and regulations.
Keywords:
advisory businesses,
international commercial banking,
international investment banking,
strategic positioning,
regulations
Bibliographic Information
| Print publication date: 2012 |
Print ISBN-13: 9780195335934 |
| Published to Oxford Scholarship Online: May 2012 |
DOI:10.1093/acprof:oso/9780195335934.001.0001 |
Authors
Affiliations are at time of print publication.
Roy C. Smith, author
Stern School of Business, NYU
Ingo Walter, author
Stern School of Business, NYU
Gayle DeLong, author
Baruch College
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