Bell, S. and Hindmoor, A. (2017) Are the major global banks now safer? Structural continuities and change in banking and finance since the 2008 crisis. Review of International Political Economy, 25 (1). pp. 1-27. ISSN 0969-2290
Abstract
Are the largest banks now safer since the Global Financial Crisis? Focusing on a ‘before’ (2005) and ‘after’ (2015) balance sheet analysis of twenty-one of the largest American, British and European banks, we assess post-crisis banking stability. Much of the literature focuses on post-crisis regulation, but we argue instead the main driver of change since the crisis has been structural conditions in banking and financial markets, particularly high levels of competition, bleak profit and share price conditions, and the largely unsolved too big to fail problem. Older as well as new forms of systemic risk thus prevail and many of the global banks still face major vulnerabilities.
Metadata
Item Type: | Article |
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Authors/Creators: |
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Copyright, Publisher and Additional Information: | © 2017 Informa UK Limited, trading as Taylor & Francis Group. This is an author produced version of a paper subsequently published in Review of International Political Economy. Uploaded in accordance with the publisher's self-archiving policy. |
Keywords: | Financial crisis; financial markets; banking reform; institutionalism; regulation; banking performance |
Dates: |
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Institution: | The University of Sheffield |
Academic Units: | The University of Sheffield > Faculty of Social Sciences (Sheffield) > Department of Politics and International Relations (Sheffield) |
Depositing User: | Symplectic Sheffield |
Date Deposited: | 17 Nov 2017 14:32 |
Last Modified: | 23 Feb 2024 15:27 |
Status: | Published |
Publisher: | Taylor & Francis |
Refereed: | Yes |
Identification Number: | 10.1080/09692290.2017.1414070 |
Open Archives Initiative ID (OAI ID): | oai:eprints.whiterose.ac.uk:124100 |