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Purpose of banking (Record no. 26127)

MARC details
000 -LEADER
fixed length control field	02191 a2200157 4500
020 ## - INTERNATIONAL STANDARD BOOK NUMBER
ISBN	9780190919535
082 ## - DEWEY DECIMAL CLASSIFICATION NUMBER
Classification number	332.1
Item number	THA-P
100 ## - MAIN ENTRY--AUTHOR NAME
Personal name	Thakor, Anjan V.
245 ## - TITLE STATEMENT
Title	Purpose of banking
Sub Title	: transforming banking for stability and economic growth
260 ## - PUBLICATION, DISTRIBUTION, ETC. (IMPRINT)
Name of publisher	Oxford University Press
Year of publication	2019
Place of publication	New York
300 ## - PHYSICAL DESCRIPTION
Number of Pages	viii, 232p.
504 ## - BIBLIOGRAPHY, ETC. NOTE
Bibliography, etc	Include Index<br/>
520 ## - SUMMARY, ETC.
Summary, etc	Banks and other financial institutions play a fundamental and yet divisive role in the health of any economy. As lenders they are important to everyone seeking a mortgage or a car loan. As investors they are essential gears of economic progress. And yet when crises hit and the economy tumbles, they are vilified. Is it possible for the banking and financial sectors to both be crisis-free and sustain economic growth that benefits everyone? This is the central question that Anjan Thakor, one of the leading analysts of banking and financial institutions, takes up in this insightful overview of the purpose of banking. He starts with the foundations of banks as safe-keepers of assets and providers of liquidity crucial to a dynamic economy. They manage risk, monitor borrowers, create trust, are providers of information, and facilitate innovation. And yet notwithstanding these essential purposes, the reputation of banks has suffered tremendously in the wake of crises that have harmed the financial sector, the real economy, and many people. The reason, Thakor argues, is that banks have lost sight of their higher purpose, which is tied to their role as safe-keepers of assets and creators of value. These essential economic functions should drive banks' culture, capital structure, and customer relationships. Credit ratings cannot replace relationships, leverage is no substitute for judgment, and the pursuit of profit should not come at the expense of prudence. Thakor shows that while governments can play an important role in creating the environment of banks, including through microprudential and macroprudential regulation, ultimately it is up to banks to improve their culture and align it with their purpose in society.
650 ## - SUBJECT ADDED ENTRY--TOPICAL TERM
Topical Term	Economic development
Form subdivision	Banks and banking
942 ## - ADDED ENTRY ELEMENTS (KOHA)
Source of classification or shelving scheme	Dewey Decimal Classification
Koha item type	Books

Holdings
Withdrawn status	Lost status	Damaged status	Not for loan	Home library	Current library	Date acquired	Source of acquisition	Cost, normal purchase price	Bill Date	Total Checkouts	Full call number	Accession Number	Date last seen	Cost, replacement price	Price effective from	Koha item type
				NASSDOC Library	NASSDOC Library	29/06/2020	OP	1237.35	2020-06-11		332.1 THA-P	50890	13/07/2020	1695.00	11/06/2020	Books