Rossi St.P.S., Malavasi R. (eds.) Financial Crisis, Bank Behaviour and Credit Crunch

Springer, 2016. — 193 p. — (Contributions to Economics). — ISBN: 9783319174129, 9783319174136This book explores some relevant distortions and market failures in financial and banking markets caused by the recent financial crisis and offers important insights to policymakers as well. After having introduced the reader to the economic background behind the origin of the present financial turmoil, the book proposes a distinct angle to look at some macro and microeconomic aspects. The volume discusses whether and to what extent policies, implemented by governments and monetary authorities to countervail bank defaults and avoid a disastrous financial instability, have in some way determined opportunistic conducts (moral hazard), changes in banks’ behaviour, distortive incentives and market failures. Furthermore, the book offers a viewpoint on the effects of the evolution of regulation for the banking sector. Finally, the book assesses how the increase in the cost of funding and the shrinking in credit supply (credit crunch) has modified the financial structure of small and medium firms. To illustrate this, some specific cases at Italian regional level are examined.The Crisis of International Finance, the Eurozone and Economic Growth
The European Twin Sovereign Debt and Banking Crises
Moral-Hazard Conduct in the European Banks During the First Wave of the Global Financial Crisis
Agency Problems in Banking: Types of and Incentives for Risk Shifting
Structural Reform, Too-Big-To Fail and Banks as Public Utilities in Europe
Did Basel II Affect Credit Growth to Corporate Borrowers During the Crisis?
Bank Profitability and Capital Adequacy in the Post-crisis Context
Bank Credit Access and Gender Discrimination: Some Stylized Facts
When Do Individual Bank Executives Matter for Bank Performance?
Bottlenecks of the Financial System at the National and Regional Levels: The Cases of Italy and Sardinia
The Potential Evolution of the Supply of Credit to the Productive Chain: A Focus on Italy and the Regional Sardinian Economy
Direct Access to the Debt Capital Market by Unlisted Companies in Italy and the Effects of Changes in Civil Law: An Empirical Investigation