Have Recent Regulations Spelt the Death of Fractional Reserve Banking?
| Dates: | 12 May 2015 |
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| Times: | 16:00 - 18:00 |
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| What is it: | Lecture |
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| Organiser: | School of Law |
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| Who is it for: | University staff, Adults, Current University students, General public |
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| Speaker: | Emilios Avgouleas |
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The Manchester International Law Centre will bring Professor Emilios Avgouleas, Chair in International Banking Law and Finance, with the lecture:
Have Recent Regulations Spelt the Death of Fractional Reserve Banking?
Banks have been a ubiquitous feature of economic life since at least the 18th century. Yet the transformation that banks have undergone in the past thirty years has made the struggle of making them safe ever harder and more challenging. Arguably, the notion of market discipline aiding financial stability in the financial sector is sometimes stretched to a breaking point for three reasons: inherently flawed corporate governance incentives, the (albeit now fading) possibility of a bailout, and complexity. Yet the social utility of fractional reserve banking remains undiminished.The paper will discuss the important and possibly intractable dilemmas surrounding the operation of fractional reserve banks in the post-reform era.
Check here some of Professor Avgouleas publications:
1 Emilios Avgouleas, 'Large Systemic Banks and Fractional Reserve Banking, Intractable Dilemmas in Search of Effective Solutions' Chapter in Arner, Avgouleas, Buckley (eds), Reconceptualizing Global Finance and its Regulation (Cambridge University Press, 2015) forthcoming - http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2562521
2 Critical Reflections on Bank Bail-ins', Emilios Avgouleas; Charles Goodhart (2015) 1 Journal of Financial Regulation 1 - http://jfr.oxfordjournals.org/content/early/2015/02/03/jfr.fju009
3 Excessive Leverage and Bankers' Pay: Governance and Financial Stability Costs of a Symbiotic Relationship', (2015) 21 Columbia Journal of European Law - http://papers.ssrn.com/sol3/papers.cfm?abstract_id=2412869
Speaker
Emilios Avgouleas
Biography: http://www.research.ed.ac.uk/portal/eavgoule
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4.38
Simon Building
Manchester
