Do central banks serve the people?

Central banks have become the go-to institution of modern economies. In the wake of the 2007 financial crisis, they injected trillions of dollars of liquidity - through a process known as quantitative easing - first to prevent financial meltdown and later to stimulate the economy. The untold ...

The growth of shadow banking

a comparative and institutional analysis

The 'shadow banking system' refers to a system of credit-provision occurring outside of the official regulatory perimeter of commercial banks. Facilitated by securitization vehicles, mutual funds, hedge funds, investment banks and mortgage companies, the function and regulation of these shadow banking institutions has come under ...

The Bitcoin Standard

the decentralized lternative to central banking

When a pseudonymous programmer introduced “a new electronic cash system that’s fully peer-to-peer, with no trusted third party” to a small online mailing list in 2008, very few paid attention. Ten years later, and against all odds, this upstart autonomous decentralized software offers an ...

Blockchain

primeras cuestiones en el ordenamiento español

Distamos pocos años de notar en la vida diaria, pero especialmente en nuestras relaciones con los bancos y las instituciones públicas, el fulgurante impacto de la tecnología blockchain. Se dice con razón que su uso entraña una revolución de alcance incluso mayor del que supuso ...

La supervivencia de Caixa Ontinyent durante la crisis financiera 2008-14

una organización resiliente a través del ajuste entre cultura y estrategia

En este trabajo analizamos el papel jugado por el ajuste entre cultura y decisiones estratégicas a través del caso de Caixa Ontinyent, una de las dos cajas de ahorros españolas que fue capaz de sobrevivir durante la crisis económica y financiera de 2008 a 2014 ...

The people's money

how China is building a global currency

The People's Money introduces readers to China's monetary system, mapping its evolution over the past century and, particularly, its transformation since Deng Xiaoping took power in 1978. Paola Subacchi shows that the key to understanding China's economic predicament lies in past and ...

Blockchain and the Law

the rule of code

Since Bitcoin appeared in 2009, the digital currency has been hailed as an Internet marvel and decried as the preferred transaction vehicle for all manner of criminals. It has left nearly everyone without a computer science degree confused: Just how do you "mine" money from ...

Ajuste de cuentas

cómo el sector bancario se convirtió en una trampa para millones de ciudadanos

Cláusulas suelo, participaciones preferentes, tarjetas black, rescate público al sector de las cajas de ahorros... el sistema bancario español lleva casi una década ocupando portadas debido a algunos de los mayores escándalos de la historia reciente. Este libro indagará y aportará claves para entender cuándo ...

Risk management and financial institutions

Risk Management and Financial Institutions, Fifth Edition explains all aspects of financial risk and financial institution regulation, helping you better understand the financial markets-and their potential dangers. Inside, you'll learn the different types of risk, how and where they appear in different types of ...

Todo lo que querías saber sobre Bitcoin, criptomonedas y Blockchain y no te atrevías a preguntar

¿Ha llegado el dinero digital para quedarse definitivamente? ¿Es la blockchain la próxima revolución tecnológica? ¿Cómo va a afectar en nuestras vidas la llamada criptoeconomía? Casi no queda nadie que no haya oído hablar del bitcoin, las criptomonedas y la blockchain. Sin embargo, continúa siendo ...

Money

what it is, how it's created, who gets it, and why it matters

By enabling the storage and transfer of purchasing power, money facilitates economic transactions and coordinates economic activity. But what is money? How is it generated? Distributed? How does money acquire value and that value change? How does money impact the economy, society? This book explores ...

Riesgo de crédito

análisis comparativo de las alternativas de medición y efectos industria-país

El objetivo de este proyecto de investigación consiste por una parte en estudiar si las diferentes alternativas de medición del riesgo de impago ordenan de igual modo y por tanto se pueden utilizar de forma indistinta, y, por otro parte, en analizar cuál o cuáles ...

Currency power

understanding monetary rivalry

Monetary rivalry is a fact of life in the world economy. Intense competition between international currencies like the US dollar, Europe's euro, and the Chinese yuan is profoundly political, going to the heart of the global balance of power. But what exactly is the ...

Unelected power

the quest for legitimacy in central banking and the regulatory State

Guiding principles for ensuring that central bankers and other unelected policymakers remain stewards of the common good Central bankers have emerged from the financial crisis as the third great pillar of unelected power alongside the judiciary and the military. They pull the regulatory and financial ...

Collusion

how central bankers rigged the world

From a former Wall Street insider and author of All the Presidents' Bankers, a searing exposé of the collusion between public and private banks as they seek to control global markets and dictate economic policy Central banks and institutions like the IMF and the World ...

Market design

auctions and matching

This book offers an introduction to market design, providing students with a broad overview of issues related to the design and analysis of market mechanisms. It defines a market as a demand and a supply, without specifying a price system or mechanism. This allows the ...

An introduction to banking

principles, strategy and risk management

A practical primer to the modern banking operation Introduction to Banking, Second Edition is a comprehensive and jargon-free guide to the banking operation. Written at the foundational level, this book provides a broad overview of banking to give you an all-around understanding that allows you ...

Shadow banking y financiación empresarial alternativa

El presente libro da continuidad a la obra publicada en 2015 sobre “La Regulación del Shadow banking en el contexto de la reforma del mercado financiero”. Sin dejar de prestar atención a las novedades que se suceden en el proceso regulador de la “banca en ...

Descubriendo el Bitcoin

cómo funciona. cómo comprar, invertir, desinvertir...

La nueva revolución tecnológica que transformará el mundo se llama «blockchain». Se trata de una base de datos distribuida entre sus usuarios, de acceso público y con información totalmente segura que provocará grandes cambios en ámbitos como la economía, la medicina o la empresa, entre ...

How the other half bank

exclusion, exploitation, and the threat to democracy

The United States has two separate banking systems today—one serving the well-to-do and another exploiting everyone else. How the Other Half Banks contributes to the growing conversation on American inequality by highlighting one of its prime causes: unequal credit. Mehrsa Baradaran examines how a ...