Special Issue "Recent Developments in Finance and Banking after the 2008 Crisis"
A special issue of International Journal of Financial Studies (ISSN 2227-7072).
Deadline for manuscript submissions: closed (30 June 2014)
One of the key lessons of the recent crisis is the close interdependence between the detailed features of financial systems and macroeconomic outcomes. Thus, the tight separation of financial and macroeconomic issues needs to be overcome. Initiatives to better analyze “macrofinancial” linkages and to conduct “macroprudential” policy have mushroomed since the start of the crisis, although they generally fall short of a fully joined-up framework. From this perspective, the focus of this volume will be:
First, on the financial regulation understood as a cluster of interrelated policies designed to ensure the proper functioning and integrity of financial systems. This scope includes public regulation and supervision of bank capital, leverage, liquidity, and risk management; control of moral hazard and financial industry incentives; protection of the customers of financial services; and the regulation of capital markets. Other reform areas such as capital-flow controls, prevention of money laundering, and the taxation of financial activities can complement this agenda,
Second, Banks had mismanaged their liquidity positions and failed to secure stable and diversified sources of income and to contain costs, while opaque balance sheets significantly impaired analyses of risk, thus preventing a timely awareness of the weakness of banks’ capital buffers. The lessons learned from the crisis have influenced markets’ and analysts’ perception of banks and have led to new regulatory initiatives that will shape banks’ post-crisis business models. The financial crisis has shown that banks need to better understand interactions between risk, return, capital and liquidity. Banks should therefore focus on developing a holistic approach. This means not only involving all business units and areas, but also taking into account certain external factors, such as macroeconomic scenarios.
Prof. Dr. Nicholas Apergis
Prof. Dr. James Earl Payne
Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. Papers will be published continuously (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.
Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are refereed through a peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. International Journal of Financial Studies is an international peer-reviewed Open Access quarterly journal published by MDPI.
Please visit the Instructions for Authors page before submitting a manuscript. For the first couple of issues the Article Processing Charge (APC) will be waived for well-prepared manuscripts. English correction and/or formatting fees of 250 CHF (Swiss Francs) will be charged in certain cases for those articles accepted for publication that require extensive additional formatting and/or English corrections.
- 2008 crisis
- financial and capital industry
- banking institutions
- capital flows
- risk management
- moral hazard