New Issues in Financial and Credit Markets presents a contemporary insight into key trends impacting on the financial sector post crisis and highlights areas of major policy and academic interest. Global banks and other financial institutions have experienced significant revisions to their strategies, performance, risk management and measurement since the height of the crisis in September 2008. This book is drawn from the European Association of University Teachers of Banking and Finance Conference (otherwise known as the Wolpertinger Conference) held at the University of Rome III, Italy in September 2009. It covers four main themes: financial crises, credit activity, capital markets and risk management.
List of Tables and Figures Introduction; F.Fiordelisi, P.Molyneux & D.Previati PART I: FINANCIAL CRISES China's Macro-Policy and Regulatory Framework of the Financial Sector to be Tested by the Global Economic Downturn; R.W.H.Van Der Linden Financial Turmoil and Asymmetric Information Theory - Evidence from E-MID Platform; C.Porzio, F.Battaglia, A.Meles & M.Grazia Starita The Impact of European Financial Integration on Economic Growth; J.Maudos & J.Fernandez De Guevara Can Financial Supervision Enhance Central Bank's Independence?; E.Seghezza & G.B.Pittaluga The Impact of a Housing Price Bubble on the Intensity of the Recent Credit Crunch: Evidence from Different Countries; J.M.Pastor, J.Quesada & L.Serrano Interbank Market and Liquidity Distribution during the Great Financial Crisis: The E-MID Case; G.A.Vento & P.La Ganga Quantitative Easing Versus Credit Easing; F.H.Brinkhuis Financial Reforms, Competition and Risk in Banking Markets; B.Casu, A.Ferrari & Tianshu Zhao PART II: THE LENDING BUSINESS: MARKETS AND INSTRUMENTS The Diffusion of Credit Brokers in Italy - A Spatial Econometric Analysis; F.Poli & E.T.Uberti Determinants and Effects of Venture Capital and Private Equity Investments on Italian SMEs; R.Giovannini, V.Pesic & V.Capizzi Transparency of Price Conditions in the Consumer Credit; M.Caratelli PART III: CAPITAL MARKETS AND RISK MANAGEMENT Profitability of Momentum and Reversal Patterns of Pan-European Industries Portfolio; G.Torluccio & M.Toscano Duration Analysis - An Expose; T.Lindblom & G.Bergendahl Biased or Unbiased Risk Perception in the Financial Decision Making; C.Lucarelli & G.Brighetti Banks' Measurement of Operational Risk and the Effect on Regulatory Capital; T.Lindblom& M.Willesson Index