After at least a decade of easy credit, the wheels came off the global finance system in the summer of 2007. The deregulation of national banking systems and the development of new financial instruments including securitization produced a crisis in mortgage lending that has been labelled the sub-prime crisis or the credit crunch. This process has undermined the stability of national financial systems as banks have been increasingly unwilling to lend to one another. Heavily leveraged banks or banking systems have suffered and this has led to a situation in which national governments have had to intervene to underwrite private sector banking Economies across the globe are starting to feel the effects of this ‘regime shift’ and the purpose of this Special Issue is to invite scholars from around the globe to explore the causes, implications, etc. of the credit crunch as well as discussing future trends in global banking, with particular emphasis on emerging markets and Islamic banking.
Potential papers are encouraged in areas which include but are not limited to:
- Integration and globalization of banking systems
- Consolidation and its consequences for banking and financial services
- Islamic banking
- Islamic financial market instruments and trade
- Policy responses to market failure on national and international level
- The national or local consequences of the financial crisis: do we need a new global system of banking regulation?
- Is sub prime a consequence of poor regulation and/or a lack of understanding?
- How should governments/central banks respond to a banking crisis?
- Increasing role of e-banking & commerce
- Efficiency and technological progress
- Financial innovation
- Financing decisions of banks
Deadline for receipt of manuscripts: 30 September 2010
No comments:
Post a Comment