Unfinished Business (eBook)

Prof Dr Axel Wieandt is a German financial services professional with many years of experience in high-profile management roles within the European banking industry and teaching assignments with major business schools.

Title Page 4
Copyright 5
Table of Contents 6
Body 8
Acknowledgments 8
Prologue 10
Chapter 1: Unfinished business – an introduction 14
Part I – Where we started from 26
Chapter 2: Europe's banking landscape 28
Chapter 3: Banking – from the bottom up 44
Chapter 4: Banks' specialness – and the need for regulation, supervision, and safety nets 56
Part II – European banking and finance in less troublesome times 64
Chapter 5: Re-engineering of European banking 66
Chapter 6: One market, one money – (too) many banking systems 78
Part III – Crisis hitting and multiplying 94
Chapter 7: From “turbulences” to the Great Financial Crisis 96
Chapter 8: Mopping up – containing the crisis 108
Part IV – Crisis becoming existential 124
Chapter 9: Early lessons drawn: shackled by principles? 126
Chapter 10: Then come Greece and Ireland: “unnecessary, undesirable, and unlikely” 140
Part V – Finishing the business, in a principled way 152
Chapter 11: Centralization of financial policies – if Greece (or Ireland) were Texas 154
Chapter 12: Blueprints, optimal policies to choose from 166
Chapter 13: Banking union – realm of the possible 186
Chapter 14: The larger context – how much (political) union does the EMU need? 202
Epilogue 212
List of Abbreviations 216
List of Figures 220
List of References 222
Index of Names 236
Subject Index 238