Tag Archives: Banks and banking

Other people’s money: the real business of finance by John Kay

Overview: The finance sector of Western economies is too large and attracts too many of the smartest college graduates. Financialization over the past three decades has created a structure that lacks resilience and supports absurd volumes of trading. The finance sector devotes too little attention to the search for new investment opportunities and the stewardship …
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Other people’s money: the real business of finance by John Kay

Overview: The finance sector of Western economies is too large and attracts too many of the smartest college graduates. Financialization over the past three decades has created a structure that lacks resilience and supports absurd volumes of trading. The finance sector devotes too little attention to the search for new investment opportunities and the stewardship …
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The Alchemists: Three Central Bankers and a World on Fire by Neil Irwin

Overview: The inside story of the world’s most powerful central bankers—and the most intense exercise in economic crisis management the world has ever seen Suddenly, without warning, in August 2007, three men who had never been elected to public office found themselves the most powerful people in the world. They were the leaders of the …
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The bankers’ new clothes: what’s wrong with banking and what to do about it by Anat Admati and Martin Hellwig. (Princeton : Princeton University Press, 2013.)

Overview What is wrong with today’s banking system? The past few years have shown that risks in banking can impose significant costs on the economy. Many claim, however, that a safer banking system would require sacrificing lending and economic growth. The Bankers’ New Clothes examines this claim and the narratives used by bankers, politicians, and …
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Credit Card Use in China

Global Market Information Databases (GMID) by Euromonitor has just published the report “Credit Cards-China” (Country sector briefing). The report provides an overview of the credit cards industry in China in terms of trends, competitive landscape, prospects and sector data. Keen to minimize their risks, Chinese banks have become extremely cautious with regard to issuing new …
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