Frontiers of Banks in a Global Economy (Palgrave Macmillan Studies in Banking and Financial Institutions)

Cover......Page 1
Contents......Page 6
List of Figures......Page 10
List of Tables......Page 11
Acknowledgements......Page 13
Notes on Contributors......Page 14
1 Introduction......Page 18
2.1 Introduction......Page 25
2.2 Theoretical background......Page 26
2.3 M&A and efficiency......Page 27
2.4 M&A and market power......Page 29
2.5 Other non-maximizing value explanations of M&A......Page 30
2.6 Empirical findings on bank M&A......Page 31
2.7 Banking M&As and value creation: still not very conclusive results......Page 32
2.8 Banking M&As and efficiency......Page 33
2.9 Banking M&As and market power......Page 35
2.10 A new conceptual approach to assess banking M&A......Page 36
2.11 Analysing banking M&A performance in Europe......Page 39
2.12 Conclusions......Page 53
3.1 Introduction......Page 76
3.2 International consolidation in banking......Page 78
3.3 Event study methodology......Page 80
3.4 Construction of sample and data......Page 82
3.5 Results......Page 85
3.6 Conclusion......Page 90
4.1 Introduction......Page 95
4.2 Implications of Basle II on bank capital......Page 98
4.3 Implications of Basle II on loan pricing......Page 101
4.4 Data and risk definitions......Page 102
4.5 The relationship between risk and bank capital held under Basle I......Page 103
4.6 The financial funding of loans under Basle I......Page 107
4.7 Estimating the impact of Basle II on banks' lending rates......Page 109
4.8 Empirical findings concerning expected effects of Basle II on Swedish ISBs......Page 111
4.9 The questionnaire study......Page 113
4.10 Case 1 (non-converted ISB)......Page 115
4.11 Case 2 (converted ISB)......Page 116
4.12 Conclusion......Page 117
5.1 Introduction......Page 120
5.2 Bank lending, internal funds, and constraints: a review of the empirical literature......Page 125
5.3 Bank lending and internal capital funds: data and methodology......Page 128
5.4 Results......Page 131
5.5 Conclusion and implications......Page 141
6.2 A new conception of microfinance: the role of commercial banks......Page 148
6.3 Sustainability and outreach: can banks make ethical profit from microfinance?......Page 155
6.4 Policies for improving sustainability: a lesson for banks and traditional MFIs......Page 160
6.5 Conclusion......Page 163
7.1 Introduction......Page 166
7.2 Migrants: a new market segment for banks and financial institutions......Page 167
7.3 Financial exclusion and inclusive policies......Page 169
7.4 Migration phases and personal variables as key elements of financial needs......Page 173
7.6 Re-inventing customer relations......Page 182
7.7 Product innovation......Page 186
7.8 Conclusions and future perspectives......Page 195
8.1 Introduction......Page 203
8.2 The current state of China's macro-economy......Page 206
8.3 China's bank-based financial system......Page 211
8.4 Concluding remarks and recommendations......Page 219
9.1 Introduction......Page 228
9.2 A brief overview on the recent methods of frontier analysis......Page 230
9.3 Studies on bank efficiency and productivity in Greece......Page 233
9.4 Conclusions......Page 244
10.2 Payment instruments in Europe: a cross-country comparison......Page 251
10.3 Empirical studies on payment card usage: a review......Page 254
10.4 The model......Page 256
10.5 Research methodology......Page 257
10.6 The sample and variable measurement......Page 258
10.7 Results......Page 259
10.8 Conclusions and implications for further research......Page 264
B......Page 268
C......Page 269
E......Page 270
G......Page 272
L......Page 273
M......Page 274
P......Page 275
T......Page 276
X......Page 277