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date: 23 April 2019

Abstract and Keywords

This chapter provides a brief review of the recent financial crisis, the policy and banking industry responses to it around the world, and the resultant renaissance in banking research. This research suggests a need to better understand: financial development and the role of the state; financial innovation and the links to risk-taking; the optimal scale and scope of banks; and liquidity risk and creation. The chapter also provides a brief summary of the 39 additional chapters which make up the second edition of The Oxford Handbook of Banking.

Keywords: banking, capital, diversification, economies of scale, financial innovation, liquidity, risk, too big to fail

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