{"product_id":"capital-in-banking-the-role-of-capital-in-banking-in-the-19th-and-20th-century-the-united-kingdom-the-united-states-and-switzerland-hardback-9781009276894","title":"Capital in Banking; The Role of Capital in Banking in the 19th and 20th Century: The United Kingdom, the United States and Switzerland (Hardback) 9781009276894","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eCapital in Banking\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eThe Role of Capital in Banking in the 19th and 20th Century: The United Kingdom, the United States and Switzerland\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cem\u003eThis book provides the first historical narrative on the role of capital from the 19th to the 21st century.\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eSimon Amrein (Author)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9781009276894, Cambridge University Press\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 23 January 2025\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e226 pages\u003cbr\u003e23.5 x 15.8 x 1.7 cm, 0.48 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cem\u003e\u003cfont size=\"3\"\u003e'The Global Financial Crisis of 2008 reminded us, if needed be, of the crucial importance of capital in banking. Simon Amrein unveils the thinking, context and events leading to its dramatic fall from the mid-nineteenth to the late twentieth century in three major financial powers, the United States, the United Kingdom and Switzerland. A fascinating story and a must read for practitioners and regulators alike.' Youssef Cassis, Professor, European University Institute, Florence\u003c\/font\u003e\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003eCapital in Banking traces the role of capital in US, British, and Swiss banking from the 19th to the 21st century. The book discusses the impact of perceptions and conventions on capital ratios in the 19th century, the effects of the First and Second World Wars, and the interaction of crises and banking regulation during the 1930s and the 1970s. Moreover, it emphasises the origins of the risk-weighted assets approach for measuring capital adequacy and explains how the 2007\/2008 crisis led to a renaissance of unweighted capital ratios. The book shows that undisclosed reserves, shareholders' liability, and hybrid forms of capital must be considered when assessing capital adequacy. As the first long-run historical assessment of the topic, this book represents a reference point for publications in economics, finance, financial regulation, and financial history. This title is also available as Open Access on Cambridge Core.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003ePart I. Introduction: 1. The scope of this book\u003cbr\u003e 2. The role and relevance of capital in banking\u003cbr\u003e 3. Chapter outline\u003cbr\u003e Part II. Capital Ratios in the Long Run: 1. Capital ratios since 1840\u003cbr\u003e 2. The problems of constructing long-run time series\u003cbr\u003e 3. Structural changes in balance sheets\u003cbr\u003e 4. Hidden reserves\u003cbr\u003e 5. Extended Shareholder Liabilities\u003cbr\u003e Part III. The 19th Century: How Ideas Shape Capital Structures: 1. Early banking literature: shared roots, different trajectories\u003cbr\u003e 2. England: balancing the interests of shareholders and depositors\u003cbr\u003e 3. Switzerland: transparency in the absence of regulation\u003cbr\u003e 4. United States: capital requirements from the very beginning\u003cbr\u003e 5. Concluding remarks\u003cbr\u003e Part IV. Two World Wars: Overturning Conventions: 1. Wartime dynamics of balance sheets\u003cbr\u003e 2. Assets side: financing wars\u003cbr\u003e 3. Liabilities side: deposits and capital issuances\u003cbr\u003e 4. British banking and capital: the absence of a topic\u003cbr\u003e 5. Amalgamations movement in England\u003cbr\u003e 6. During and after the second world war: banking without capital\u003cbr\u003e 7. Switzerland: the demise of guidelines – and the rise of rules\u003cbr\u003e 8. After the first world war: back to normal\u003cbr\u003e 9. The importance of formal capital requirements\u003cbr\u003e 10. The United States: the birth of risk-weighted assets\u003cbr\u003e 11. From deposits to assets: a new supervisory focus\u003cbr\u003e 12. Categorizing assets according to risk\u003cbr\u003e 13. Concluding remarks\u003cbr\u003e Part V. How Crises Drive Regulation: 1. The international environment and regulatory convergence\u003cbr\u003e 2. From informal to formal: the regulation and supervision of banking and capital in the United Kingdom\u003cbr\u003e 3. The irrelevance of capital: 1945 to 1973\u003cbr\u003e 4. The relevance of capital: the secondary banking crisis\u003cbr\u003e 5. The banking acts of 1979 and 1987\u003cbr\u003e 6. Regulation in Switzerland – and how it was influenced\u003cbr\u003e 7. Banking legislation in the 1930s\u003cbr\u003e 8. The evolution of capital regulation: 1934–1991\u003cbr\u003e 9. The influence of banks on the evolution of banking regulation\u003cbr\u003e 10. The United States: finding the right weight\u003cbr\u003e 11. Changes in capital adequacy standards in the 1970s\u003cbr\u003e 12. The Latin American debt crisis as a driver of capital standards\u003cbr\u003e 13. Concluding remarks\u003cbr\u003e Part VI. Epilogue: 1. Basel capital requirements and the characteristics of leverage before the 2007\/2008 financial crisis\u003cbr\u003e 2. The limits of capital\u003cbr\u003e Bibliography.\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Macroeconomics [\u003ca title=\"See our other books on Macroeconomics\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Macroeconomics%20%5BKCB%5D%22\"\u003eKCB\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Cambridge University Press","offers":[{"title":"Brand New","offer_id":52413975986456,"sku":"9781009276894","price":69.49,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/files\/9781009276894i.jpg?v=1784333007","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/capital-in-banking-the-role-of-capital-in-banking-in-the-19th-and-20th-century-the-united-kingdom-the-united-states-and-switzerland-hardback-9781009276894","provider":"Freshly Printed Books","version":"1.0","type":"link"}