This book explains what is behind the wave of increasingly frequent and severe financial crises since the 1980s. It links theoretical and policy misconceptions to explain, in plain words, why and how global finance needs fixing. Otherwise, the world may not withstand the next, even bigger,...

Chapter 1. Introduction by the editors -- Chapter 2. The market reaction to climate risk: evidence from the European banking industry -- Chapter 3. Dissecting the European ESG premium vs the US: is it all about non-financial reporting? -- Chapter 4. Loan origination and monitoring guidelines:...

In-depth analysis of the key players (China, India, Brazil, Russia, Turkey, Indonesia, North Africa) of the unprecedented international economic integration of the last 25 years. Despite their success, the fragilities of their banking systems pose constraints to domestic growth and risks to...