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Bank business models, regulation, and the role of financial market participants in the global financial crisis
Clare, Andrew Meryem, Duygun Gulamhussen, Azzim Pozzolo, Alberto Franco
Clare, Andrew
Meryem, Duygun
Gulamhussen, Azzim
Pozzolo, Alberto Franco
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Publication Type
Journal article with impact factor
Editor
Supervisor
Publication Year
2016
Journal
Journal of Banking and Finance
Book
Publication Volume
72
Publication Issue
November 2016 Suppl
Publication Begin page
S1
Publication End page
S5
Publication NUmber of pages
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Abstract
The recent financial crisis shone a spotlight on several key issues: bank regulation, bank models, and the relationship between traditional banking, the interbank markets and the markets for complex financial derivatives. Indeed, the role that derivatives such as Credit Default Swaps and Collateralised Debt Obligations played in the credit bubble and the subsequent credit crunch may appear to have made this financial crisis unique. However, the fundamental cause of this crisis, which led directly to the worst global recession since the 1930s, is all too familiar: ultimately, too much money was lent to too many people who could not afford to pay it back. It was a classic bank crisis of over lending, but this time on a global scale.
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Keywords
Banking Models, Financial Markets