WorldCat Identities

Spong, Kenneth

Overview
Works: 13 works in 45 publications in 3 languages and 516 library holdings
Roles: Author, Other
Classifications: HG2461, 346.082
Publication Timeline
.
Most widely held works by Kenneth Spong
Banking regulation : its purposes, implementation, and effects by Kenneth Spong( Book )

27 editions published between 1983 and 2008 in 3 languages and held by 493 WorldCat member libraries worldwide

The origins of this book are closely tied to the Federal Reserve Bank of Kansas City's commitment to train staff members who are often new to banking, and to the Graduate School of Banking at Colorado, where I have taught for many years
Narrow banks : an alternative approach to banking reform by Kenneth Spong( Book )

4 editions published between 1993 and 2013 in English and Undetermined and held by 9 WorldCat member libraries worldwide

Recent banking problems have prompted a variety of proposals for reforming deposit insurance and the banking system. Nearly all of these proposals, however, suffer from a common flaw - they would fail to create a banking system that is both stable and free to respond to market forces and financial developments.Narrow banking offers a possible means for accomplishing these objectives. Narrow banking would create a stable payments system by backing transaction deposits with only those assets that are truly appropriate for this task ? marketable securities with virtually no interest rate or credit risk. As a result, narrow banks would essentially be quot;fail-safequot; institutions and could operate without the inherent weaknesses of the current system. They would not pose a risk to depositors, taxpayers, or federal authorities and, unlike commercial banks, would not require extensive governmental support and intervention. These features of narrow banks would allow market forces to guide everyday banking decisions and the activities of any affiliated firms, thus returning the market to its proper role in allocating financial services.In many respects, narrow banking mirrors another banking reform that took place in the 1860s ? the use of U.S. Government securities to back national bank notes. This earlier reform and the following change to Federal Reserve Notes collateralized largely by U.S. obligations have produced a stable currency and ended any public concern about its acceptability. This success provides strong evidence that narrow banking is a workable system that could stabilize our deposit system and its transactions function.Narrow banking, much like this earlier reform, appears to involve a dramatic change in the banking system. However, recent financial trends are making narrow banking a less radical change than commonly believed. In addition, most of the other approaches to recent banking problems entail a movement toward greater regulatory and governmental control of our financial system and its credit allocation functions - a response that is unlikely to make banking a vibrant, competitive industry. All of these factors thus suggest that narrow banking deserves careful consideration in efforts to reform the financial system
Mei guo yin hang jian guan zhi du by K. Sipeng( Book )

2 editions published between 1994 and 2008 in Chinese and English and held by 3 WorldCat member libraries worldwide

Ben shu miao shu le mei guo zi du li zhan zheng yi lai yin xing ye he yin xing jian guan fa zhan de li shi, Fen xi le mei guo mu qian de yin xing ye jie gou he yin xing jian guan jia gou, Jie shao le mei guo yin xing jian guan shi yong de ge xiang gui zhang zhi du, Tan tao le yin xing ye yu yin xing jian guan de wei lai fa zhan qu shi he reng dai jie jue de wen ti
<<Der>> Gemeinschaftsvertrag eine Studie über Triebgesetze als Grundlage des menschlichen Verhaltens und der menschlichen Gemeinschaften by Kenneth Spong( Book )

1 edition published in 1991 in German and held by 2 WorldCat member libraries worldwide

Who's minding the store? : Motivating and monitoring hired managers at small, closely held firms : the case of commercial banks by Robert DeYoung( Book )

3 editions published between 1999 and 2013 in English and Undetermined and held by 2 WorldCat member libraries worldwide

We test whether the gains from hiring an outside manager exceed the principal-agent costs of owner-manager separation at 266 small, closely held U.S. commercial banks. Our results suggest that hiring an outside manager can improve a bank's profit efficiency, but that these gains depend on aligning the hired managers with owners via managerial shareholdings. We find that over-utilizing this control mechanism results in entrenchment, while under-utilization is costly in terms of foregone profits. This study provides a relatively unfettered test of mitigating principal-agent costs, because these small banks cannot rely on market forces or blocks of outside investors to monitor managers
Who's Minding the Store? Motivating and Monitoring Hired Managers at Small, Closely Held Commercial Banks by Robert DeYoung( )

1 edition published in 2013 in Undetermined and held by 1 WorldCat member library worldwide

Small closely held corporations cannot rely on market forces or outside monitors to discipline hired managers. For such firms, managerial shareholdings may be a disproportionately important tool for controlling principal-agent problems. We study a random sample of 266 small, closely held U.S. commercial banks with a broad range of ownership and management arrangements. Our results suggest that hiring an outside manager can improve a bank's profitability, but these gains depend on aligning the hired managers with owners via managerial shareholdings. We find that over-utilizing this control mechanism results in entrenchment, while under-utilization is costly in terms of foregone profits
Corporate Governance and Bank Performance by Kenneth Spong( )

1 edition published in 2013 in Undetermined and held by 1 WorldCat member library worldwide

This article provides an overview of research we have done on how different aspects of corporate governance influence bank performance. We use a random sample of state-chartered community banks in the Midwest and gather detailed information from bank examination reports on the ownership structure of these banks, the policymaking and operational responsibilities of their managers, and the wealth of key bank insiders. The sample banks have a wide range of management, ownership and board structures, thus providing a comprehensive look at various parts of the bank governance framework and the financial incentives that influence managers and owners. Among such incentives are the ownership of bank stock and the importance of this ownership to the overall financial wealth of prominent decision makers within each bank. We find that an ownership stake for hired managers can help improve bank performance, consistent with a reduction in principal-agent problems posited by financial theory. We also find that boards of directors are likely to have a more positive effect on community bank performance when directors have a significant financial interest in the bank. Finally, we find that the wealth and the financial positions of managers and directors significantly influence their own attitudes toward taking risk and their bank's risk-return trade-offs
Meiguo yin hang jian guan zhi du : di eu ban by Kenneth Spong( Book )

1 edition published in 2008 in Chinese and held by 1 WorldCat member library worldwide

BANKING REGULATION: ITS PURPOSES, IMPLEMENTATION, AND EFFECTS. FOURTH EDITION by Kenneth Spong( Book )

1 edition published in 1994 in Undetermined and held by 1 WorldCat member library worldwide

What can financial stability reports tell us about macroprudential supervision? by Jon Christensson( )

1 edition published in 2011 in English and held by 1 WorldCat member library worldwide

Financial stability reports : how useful during a financial crisis? by Jim Wilkinson( )

1 edition published in 2010 in English and held by 1 WorldCat member library worldwide

Many of the origins of the recent financial crisis were in the United States, beginning with subprime mortgages and mortgage securities. As the crisis spread globally, few market participants or regulatory authorities saw it coming and all underestimated its severity. ; In the United States, the crisis has sparked many proposals to address its perceived causes and prevent a recurrence. One approach already used in many other countries is publishing financial stability reports. These reports review the condition of the financial system, identify and assess risks to the system, and suggest market or policy changes to address significant risk concerns. They are usually prepared by the country's central bank and appear on a regular basis. ; Wilkinson, Spong, and Christensson analyze the financial stability reports prepared by four European countries that were affected by the financial crisis the United Kingdom, Sweden, the Netherlands, and Spain. They find that these four reports were generally successful in identifying the risks that played important roles in the crisis although they underestimated the severity of this crisis. While it is not clear that the reports helped to reduce the damages, it would be a mistake to dismiss them as a useful tool. Overall, publishing financial stability reports appears to be a worthwhile exercise that encourages central banks and international authorities to identify and monitor important financial trends and emerging risks and to develop a better understanding of the underlying structure of domestic and global financial markets
Meiguo yin hang jian guan zhi du : its purposes, implementation, and effects by Kenneth Spong( Book )

1 edition published in 2008 in Chinese and held by 1 WorldCat member library worldwide

What can financial stability reports tell us about macroprudential supervision?( )

1 edition published in 2011 in English and held by 0 WorldCat member libraries worldwide

 
moreShow More Titles
fewerShow Fewer Titles
Audience Level
0
Audience Level
1
  General Special  
Audience level: 0.00 (from 0.00 for Banking re ... to 0.00 for Banking re ...)

Languages