{"product_id":"emerging-risk-in-international-banking-p-snowden-9780415529426","title":"Emerging Risk in International Banking (RLE Banking \u0026 Finance): Origins of Financial Vulnerability in the 1980s","description":"\u003cp\u003eGlobal payments imbalances and the rise of emerging economies provide the background to this analysis of risk exposure and near-insolvency at the world's major banks. \u003cem\u003eEmerging Risk\u003c\/em\u003e was published in 1985, three years after the first international banking crisis of the post-War era, but prior to resolution after 1989 of the underlying sovereign debt overhang. With episodes of international financial instability punctuating the following quarter century until the Lehman collapse of 2008, this re-issue will contribute to the historical perspective on modern diagnoses of policy weakness and financial sector excess that is clearly needed. Whereas OPEC price increases in the 1970s were a source of the earlier global imbalances, Chinese surpluses and those occasioned by her rapid growth among commodity and oil producing countries are today's equivalents. As a reading of \u003cem\u003eEmerging Risk\u003c\/em\u003e will confirm, both the special consequences of free competition in a global banking market, and the perverse incentives inherent in the remuneration of loan officers, were clearly present in the mid-1980s. The interaction of regulation and the competitive response of banks to produce increased reliance on wholesale borrowing and lending, together with enhanced gearing, have clear echoes in modern debates over the consequences of the Basel provisions.\u003c\/p\u003e\u003cbr\u003e\u003cbr\u003e\u003cb\u003eAuthor:\u003c\/b\u003e P. Snowden\u003cbr\u003e\u003cb\u003eISBN-10:\u003c\/b\u003e 0415529425\u003cbr\u003e\u003cb\u003eISBN-13:\u003c\/b\u003e 9780415529426\u003cbr\u003e\u003cb\u003ePublisher:\u003c\/b\u003e Routledge\u003cbr\u003e\u003cb\u003eLanguage:\u003c\/b\u003e English\u003cbr\u003e\u003cb\u003ePublished:\u003c\/b\u003e 05\/25\/2012\u003cbr\u003e\u003cb\u003ePages:\u003c\/b\u003e 156\u003cbr\u003e\u003cb\u003eFormat:\u003c\/b\u003e Hardcover\u003cbr\u003e\u003cb\u003eWeight:\u003c\/b\u003e 0.89lbs\u003cbr\u003e\u003cb\u003eSize:\u003c\/b\u003e 9.21h x 6.14w x 0.44d","brand":"P. Snowden","offers":[{"title":"Hardcover","offer_id":48448819036415,"sku":"9780415529426","price":180.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0662\/2982\/9887\/files\/img_fb19c810-ab5b-4843-bcec-5b5df7711fb0.jpg?v=1777260730","url":"https:\/\/www.whiterainbookhouse.com\/products\/emerging-risk-in-international-banking-p-snowden-9780415529426","provider":"WR Book House","version":"1.0","type":"link"}