The Oxford Handbook of Banking, Second Edition provides an overview and analysis of developments and research in banking written by leading researchers in the field. This handbook will appeal to graduate students of economics, banking and finance, academics, practitioners, regulators, and policy makers. Consequently, the book strikes a balance between abstract theory, empirical analysis, and practitioner, and policy-related material. The Handbook is split into five parts. Part I, The Theory of Banking, examines the role of banks in the wider financial system, why banks exist, how they function, and their corporate governance and risk management practices. Part II deals with Bank Operations and Performance. A range of issues are covered including bank performance, financial innovation, and technological change. Aspects relating to small business, consumer, and mortgage lending are analysed together with securitization, shadow banking, and payment systems. Part III entitled Regulatory and Policy Perspectives discusses central banking, monetary policy transmission, market discipline, and prudential regulation and supervision. Part IV of the book covers various Macroeconomic Perspectives in Banking. This part includes a discussion of systemic risk and banking and sovereign crises, the role of the state in finance and development as well as how banks influence real economic activity. The final Part V examines International Differences in Banking Structures and Environments. This part of the Handbook examines banking systems in the United States, European Union, Japan, Africa, Transition countries, and the developing nations of Asia and Latin America.Table of Contents: 1: Allen N. Berger, Phil Molyneux and John O.S. Wilson: Banking: An Overview PART I: BANKING IN A POST CRISIS WORLD 2: Franklin Allen, Elena Carletti, and Xian Gu: The Roles of Banks in Financial Systems 3: Arnoud Boot and Anjan Thakor: Commercial Banking and Shadow Banking: The Accelerating Integration of Banks and Markets and its Implications for Regulation 4: Richard Herring and Jacopo Carmassi: Complexity and Systemic Risk: What's Changed After the Crisis? 5: Alan Morrison: Universal Banking 6: Jens Hagendorff: Corporate Governance in Banking 7: Linda Allen and Anthony Saunders: Risk Management in Banking 8: Christa Bouwman: Liquidity: How Banks Create it and How it should be Regulated 9: Kevin J. Stiroh: Diversification in Banking PART II: BANK PERFORMANCE & OPERATIONS 10: Joe Hughes and Loretta Mester: Measuring the Performance of Banks: Theory, Practice, Evidence, and some Policy Implications 11: W. Scott Frame and Lawrence J. White: Technological Change, Financial Innovation, and Diffusion in Banking 12: Allen N. Berger: Small Business Lending By Banks: Lending Technologies and the Effects of Banking Industry Consolidation and Technological Change 13: Tom Durkin and Gregory Elliehausen: Consumer Lending 14: Gregory Donadio and Andreas Lehnert: Residential Mortgages 15: Barbara Casu and Anna Sarkisyan: Securitization 16: Adam Ashcraft, Tobias Adrian, and Nicola Cetorelli: Shadow Bank Monitoring 17: David Humphrey: Payments and Payment Systems PART III: REGULATORY AND POLICY PERSPECTIVES 18: Michel Aglietta and Benoit Mojon: Central Banking 19: Joe Peek and Eric Rosengren: The Role of Banks in the Transmission of Monetary Policy 20: Xavier Freixas and Bruno Parigi: Lender of Last Resort and Bank Closure Policy: A Post-Crisis Perspective 21: Edward Kane: Regulation and Supervision: An Ethical Perspective 22: George G. Kaufman and Robert A. Eisenbeis: Deposit Insurance Issues in the Post 2008 Crisis World 23: Michael Gordy, Erik Heitfield, and Jason Wu: Risk-Based Regulatory Capital and the Basel Accords 24: Rob Bliss: Market Discipline in Financial Markets: Theory, Evidence, and Obstacles 25: Hans Degryse, Paolo Moralex Acevedo, and Steven Ongena: Competition in Banking 26: James R. Barth, Daniel Nolle, Tong (Cindy) Li, and Christopher Brummer: Systemically Important Banks (SIBs) in the Post-Crisis Era: The Global Response and Responses Around the Globe for 135 Countries PART IV: MACROECONOMIC PERSPECTIVES 27: Philipp Hartmann, Olivier De Bandt, and Jose-Luis Peydro-Alcalde: Systemic Risk in Banking: An Update 28: Gerard Caprio and Patrick Honohan: Banking Crises: Those Hardy Perenials 29: Charles Calomiris: Bank Failures, the Great Depression, and other Contagious Events 30: Ricardo Correa and Horacio Sapriza: Sovereign Debt Crises 31: Claudia Buch and Gayle Delong: Banking Globalization: International Consolidation and Mergers in Banking 32: Asli Demirguc-Kunt and Martin Cihak: Revisiting the State's Role in Finance and Development 33: Nicola Cetorelli: Banking and Real Economic Activity PART V: BANKING SYSTEMS AROUND THE WORLD 34: Robert Deyoung: Banking in the United States 35: John Goddard, Phil Molyneux, and John O.S. Wilson: Banking in the European Union: Deregulation, Crisis and Renewal 36: Hirofumi Uchida and Gregory Udell: Banking in Japan 37: Thorsten Beck and Robert Cull: Banking in Africa 38: Leora Klapper, Maria Soledad Martinez-Peria, and Bilal Zia: Banking in the Developing Nations of Asia: An Overview of Recent Changes in Ownership Structure 39: John Bonin, Iftekhar Hasan, and Paul Wachtel: Banking in Transition Countries 40: Jonathan Williams, Fernando Carvalho, and Luiz De Paula: Banking in Latin America