International Finance Review -- Copyright page -- Contents -- List of contributors -- Part I: An overview -- Chapter 1. Introduction to international banking in the new era: Post-crisis challenges and opportunities -- 1. Overview -- 2. The role of banks and lawyers in the global financial crisis -- 3. Post-crisis financial regulation -- 4. Financial markets and banking -- 5. Location and determinants of international banking -- References -- Part II: The Role of Banks and Lawyers in the Global Financial Crisis -- Chapter 2. The subprime mortgage crises: how the market was failed and manipulated -- 1. Introduction -- 2. The genesis of the crisis -- 3. The roles of investment banks and their commercial counterparts -- 4. The roles of the rating agencies -- 5. Conclusion -- Notes -- References -- Appendix -- Chapter 3. Bank fragility and the financial crisis: Evidence from the U.S. dual banking system -- Introduction -- The U.S. dual banking system: Chartering process and supervisory authorities -- Bank supervision in the United States -- Measuring bank fragility -- Univariate and multivariate fragility analyses -- Data -- Anecdotal evidence - official statements of regulatory agencies on crisis -- Descriptive results and univariate difference-in-difference analysis -- Multivariate difference-in-difference analysis results -- Additional analyses and robustness tests -- Conclusion -- Notes -- Acknowledgments -- References -- Appendix -- Chapter 4. Asia-Pacific perspectives on the global financial crisis 2007-2009 -- 1. Introduction -- 2. Course of events -- 3. Core issues -- 4. Financial instruments -- 5. Accounting standards -- 6. Policy responses -- 7. Closing comments -- Notes -- References -- Chapter 5. Bankers and scapegoats -- 1. Introduction -- 2. The usual suspects -- 3. An institutional theory of regulation.

4. Bankruptcy as a reward for failure -- 5. Conclusion -- Notes -- References -- Chapter 6. The lawyers and the meltdown: The role of lawyers in the current financial crisis -- 1. Introduction -- 2. Structure and evolution of US mortgage market -- 3. Changes in the applicable legal regime -- 4. Civil causes of action and reported cases23 -- 5. Improper disclosure or not report material facts33 -- 6. Summary and conclusions -- Notes -- References -- Part III: Post-Crisis Financial Regulation -- Chapter 7. The global financial crisis: Causes, effects and issues to consider in the reform of financial regulation -- Introduction -- The aims of financial regulation -- The causes and effects of the financial crisis -- Issues for consideration in the reform of financial services regulation -- Conclusion -- References -- Chapter 8. Reforming international standards for bank capital requirements: A perspective from the developing world -- Introduction -- Background: Financial features of developing countries and their regulatory environment -- Implementation of Basel accords in developing countries -- Cyclical effects of bank capital regimes -- Proposals for reforming international bank capital standards: An assessment -- A proposal for developing countries -- Complementary reforms to improve the effectiveness of bank capital Standards and the role of monetary policy -- Concluding remarks -- Notes -- References -- Chapter 9. Financial fragility and securitisation: the discussions with Australian regulators and bank risk managers -- Introduction -- Minsky's financial instability hypothesis -- Financial innovations fuel financial market boom and trigger regulatory arbitrage -- 'Deceptive' nature of securitisation -- The threat from poor quality external ratings and 'favourable' credit enhancement in securitising process -- Conclusion -- References.

Part IV: Financial Markets and Banking -- Chapter 10. The effects of underwriting practices on loan losses: Evidence from the FDIC survey of bank lending practices -- Background and findings -- Previous literature -- Data and sample -- Methodology -- Empirical results -- Conclusions -- Notes -- References -- Chapter 11. Banks, ABS's and CDS's: Information production, risk bearing, and incentive compatibility -- Introduction -- Incentive shifts in the fields and at HQs -- The orthodox logic of banking -- The problems with ABS -- How CDS contracts got into the game -- CDS mispricing from adverse selection? -- Economic drawbacks of CDS contracts -- Concluding comments -- Notes -- Acknowledgments -- References -- Chapter 12. Distress resolution strategies in the banking sector: Implications for global financial crises -- Introduction -- Literature review -- Data and methodology -- Results -- Conclusion -- References -- Chapter 13. Comparison of banking efficiency in Europe: Islamic versus conventional banks -- 1. Introduction -- 2. Islamic banking and the European banking market -- 3. Literature review -- 4. Data and variables -- 5. Methodology -- 6. Empirical results -- 7. Conclusion -- Notes -- Acknowledgment -- References -- Part V: Location and Determinants of International Banking -- Chapter 14. The economic determinants and behavior of foreign banks in emerging countries during a period of global economic downturn -- 1. Introduction -- 2. Background -- 3. Data -- 4. Empirical methodology -- 5. The behavior of foreign institutions depending on the mode of entry -- 6. Conclusion -- Notes -- References: -- Chapter 15. Does distance affect the performance of foreign banks? Evidence from multinational banking in developing countries -- 1. Introduction -- 2. Literature review: Distance in multinational banking -- 3. Model -- 4. Data.

5. Benchmark results: Does distance matter for the performance of foreign bank subsidiaries? -- 6. Further results: What factors modify the effect of distance constraints? -- 7. Conclusion -- Notes -- References -- Appendix.