Routledge International Studies in Money and Banking
About the Book Series
This series explores the roles of money and banking in the modern world. Banking is an increasingly important and international industry, and its interaction with money is a major concern for the world's economic policy-makers.
Negative Interest Rates and Financial Stability: Lessons in Systemic Risk
1st Edition
By Karol Rogowicz, Małgorzata Iwanicz-Drozdowska
August 26, 2024
This book sheds new light on a recently introduced monetary tool – negative interest rates policy (NIRP). It provides in-depth insight into this phenomenon, conducted by the central banks in several economies, for example, the Eurozone, Switzerland and Japan, and its possible impact on systemic ...
The Digital Revolution in Banking, Insurance and Capital Markets
1st Edition
Edited
By Lech Gąsiorkiewicz, Jan Monkiewicz
August 26, 2024
The digital transformation of finance and banking enables traditional services to be delivered in a more effective and efficient way but, at the same time, presents crucial issues such as fast-growing new asset classes, new currencies, datafication and data privacy, algorithmization of law and ...
Strategy, Finance and Sustainable Value Creation
1st Edition
By Claudio Scardovi
August 01, 2024
Strategy and finance are generally viewed as two separate subjects. Once regarded with fascination, they have become the subject of strong criticism, the first considered too theoretical and long term to be of any use and the second too speculative and short term to contribute to value creation. ...
Safe Assets in the Global Economy: Supply, Demand and Financial Stability
1st Edition
By Joanna Bogołębska, Ewa Feder-Sempach, Ewa Stawasz-Grabowska
July 31, 2024
Safe assets constitute an essential component of the contemporary, international financial system and are vital to its stability. As they are perceived as risk-free assets, they are a special type of financial instrument. Although the vast majority of safe assets are issued by governments, due to ...
Digital Finance and the Future of the Global Financial System: Disruption and Innovation in Financial Services
1st Edition
Edited
By Lech Gąsiorkiewicz, Jan Monkiewicz
May 27, 2024
This book offers an in-depth analysis of the most salient features of contemporary financial systems and clarifies the major strategic issues facing the development of digital finance. It provides insight into how the digital finance system actually works in a socioeconomic context. It presents ...
Responsible Finance and Digitalization: Implications and Developments
1st Edition
Edited
By Panu Kalmi, Tommi Auvinen, Marko Järvenpää
May 27, 2024
The aftermath of the 2008 crisis has substantially increased the regulation of banks and insurance companies and curtailed their risk taking, which has shifted much of the risk to their clients: firms and consumers. At the same time, digitalization has encouraged the entry of new firms combining ...
Sovereign Debt Sustainability: Multilateral Debt Treatment and the Credit Rating Impasse
1st Edition
By Daniel Cash
May 27, 2024
In 2020, the G20 proposed a solution for the debt-related issues affecting the world’s poorest countries due to the COVID-19 pandemic. However, their initiatives have failed to meet their objectives. The author argues that the reason for this failure is the inability to bring sovereign countries to...
Open Banking: Global Development and Regulation
1st Edition
By Francesco De Pascalis, Alan Brener
May 01, 2024
Open banking ends the proprietary control of customer information by banks and allows customers to share their banking financial data with third parties as a matter of right. It can also permit customers to allow others to remove funds directly from their bank accounts in return for goods and ...
Central Banks in Organizational Networks: Entangled Market Actors
1st Edition
By Christoph F-D. Wu
January 29, 2024
This inter-disciplinary and wide-ranging study unravels the social processes of decision-making at the interface of central banks and financial market participants, and thereby raises important questions about responsible central bank governance and its obligations to stakeholders in society. The ...
Pension Fund Capitalism: The Privatization of Pensions in Developed and Developing Countries
1st Edition
By Leokadia Oręziak
January 29, 2024
This book examines the origins and consequences of so-called pension fund capitalism, which has spread around the world since 1981, when the pension system was completely privatized in Chile. The author highlights the driving forces behind the privatization of pensions, its forms and tools used in ...
Moral Hazard: A Financial, Legal, and Economic Perspective
1st Edition
Edited
By Juan Flores Zendejas, Norbert Gaillard, Rick Michalek
September 25, 2023
Moral Hazard is a core concept in economics. In a nutshell, moral hazard reflects the reduced incentive to protect against risk where an entity is (or believes it will be) protected from its consequences, whether through an insurance arrangement or an implicit or explicit guarantee system. It is ...
Financialization, Financial Literacy, and Social Education
1st Edition
Edited
By Thomas A. Lucey
May 31, 2023
The objective of this book is to prompt a re-examination of financial literacy, its social foundations, and its relationship to citizenship education. The collection includes topics that concern indigenous people’s perspectives, critical race theory, and transdisciplinary perspectives, which invite...