Governance, Regulation and Bank Stability

This book provides novel insight into the governance of banks and looks at regulatory measures for strengthening bank stability. It includes empirical studies on the relationship between the board structures of banks and their financial risk-taking and an

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Floreani and Maurizio Polato THE ECONOMICS OF THE GLOBAL STOCK EXCHANGE INDUSTRY Jill M. Hendrickson FINANCIAL CRISIS The United States in the Early Twenty-First Century Otto Hieronymi and Constantine Stephanou (editors) INTERNATIONAL DEBT Economic, Financial, Monetary, Political and Regulatory Aspects Paola Leone and Gianfranco A. Vento (editors) CREDIT GUARANTEE INSTITUTIONS AND SME FINANCE Ted Lindblom, Stefan Sjögren and Magnus Willesson (editors) FINANCIAL SYSTEMS, MARKETS AND INSTITUTIONAL CHANGES Ted Lindblom, Stefan Sjögren and Magnus Willesson (editors) GOVERNANCE, REGULATION AND BANK STABILITY Gianluca Mattarocci ANOMALIES IN THE EUROPEAN REITs MARKET Evidence from Calendar Effects Bernardo Nicoletti CLOUD COMPUTING IN FINANCIAL SERVICES Özlem Olgu EUROPEAN BANKING Enlargement, Structural Changes and Recent Developments Fotios Pasiouras GREEK BANKING From the Pre-Euro Reforms to the Financial Crisis and Beyond Daniela Pîrvu CORPORATE INCOME TAX HARMONIZATION IN THE EUROPEAN UNION Ramkishen S. Rajan EMERGING ASIA Essays on Crises, Capital Flows, FDI and Exchange Rate Gabriel Tortella and José Luis García Ruiz SPANISH MONEY AND BANKING A History The full list of titles available is on the website: www.palgrave.com/finance/sbfi.asp

Palgrave Macmillan Studies in Banking and Financial Institutions Series Standing Order ISBN 978–1–4039–4872–4 You can receive future titles in this series as they are published by placing a standing order. Please contact your bookseller or, in case of difficulty, write to us at the address below with your name and address, the title of the series and the ISBN quoted above. Customer Services Department, Macmillan Distribution Ltd, Houndmills, Basingstoke, Hampshire RG21 6XS, England

Governance, Regulation and Bank Stability Edited by

Ted Lindblom Professor of Business Administration, University of Gothenburg, Sweden

Stefan Sjögren Associate Professor of Business Administration, University of Gothenburg, Sweden and

Magnus Willesson Senior Lecturer, Linnaeus University, Sweden

Editorial matter, selection and introduction © Ted Lindblom, Stefan Sjögren and Magnus Willesson 2014 Remaining chapters © Respective authors 2014 Softcover reprint of the hardcover 1st edition 2014 978-1-137-41353-6 All rights reserved. No reproduction, copy or transmission of this publication may be made without written permission. No portion of this publication may be reproduced, copied or transmitted save with written permission or in accordance with the provisions of the Copyright, Designs and Patents Act 1988, or under the terms of any licence permitting limited copying issued by the Copyright Licensing Agency, Saffron House, 6–10 Kirby Street, London EC1N 8TS. Any person who does any unauthorized act in relation to this publication may be liable to criminal prosecution and civil claims for damages. The authors have asserted their rights to be identified as the authors of this work in accordance with the Copyright, Designs and Patents Act 1988. First published 2014 by PALGRAVE MACMILLAN Palgrave Macmi