In the aftermath of the financial crisis, the business model of international banks is under pressure. Regulators across the world are retrenching to national lines by applying restrictions on cross-border banking. Applying game theory, this book develops a model of the financial trilemma to understand the co-ordination failure among regulators. It also provides governance solutions to overcome this co-ordination failure. The goal is to offer a long-term perspective on international banking for regulators and academics. The book combines academic insights and policy issues.

About the Author
Dean of the Duisenberg School of Finance and Professor of Finance, Banking and Insurance, VU University Amsterdam

Reviews
Well before the euro crisis, Dirk Schoenmaker was warning us that globalization might undermine financial stability. In this new book he analyzes the complex landscape of modern international banking in terms of a simple unifying concept: the 'trilemma' that financial stability, international financial integration, and autonomous national control over banking policy cannot all coexist. Schoenmaker provides a clear and accessible introduction to the issues that will prove indispensable for students at all levels, for their teachers, for finance professionals, and for policymakers. * Maurice Obstfeld, Professor of Economics, University of California, Berkeley *



Book Information
ISBN 9780199971596
Author Dirk Schoenmaker
Format Hardback
Page Count 208
Imprint Oxford University Press Inc
Publisher Oxford University Press Inc
Weight(grams) 482g
Dimensions(mm) 163mm * 236mm * 20mm