European Economy

Banks, Regulation, and the Real Sector

  • Home
  • What is EE
  • Who is Who
    • Editorial Board
    • Scientific Advisory Board
    • Contributors
    • Association Friends of EE
  • ISSUES
  • Events
  • PRESS

Arnoud Boot

Arnoud Boot is professor of Corporate Finance and Financial Markets at the University of Amsterdam, co-director of the Amsterdam Center for Law & Economics (WRR) and Chairman of the bank council of the Dutch Central Bank (DNB). He also is chairman of the European Finance Association (EFA) and directs the Amsterdam Center for Corporate Finance (ACCF), a think tank that seeks to stimulate the dialogue between academics and practitioners.
In his work Arnoud Boot focuses on the broad issue of ‘financialization of society’. In a narrow sense, how should we look at and regulate the financial sector? In a broader sense, how does the increasing emphasis on financial measures (e.g. shareholder value, price data from financial markets, often financial performance measures) affect decision making in general. Does it lead to more myopic and/or opportunistic decision making? His book on footloose corporations (‘De ontwortelde onderneming’; 2010) is an example, as is his 2014 JMCB paper ‘Financial sector in flux’. Market forces seem all too often to be at the root of financial instability. How can these be contained without giving up on their potential valuable disciplining role? Similar destabilizing forces seem to play an important role in the increased orientation of corporations on transactions where a short term orientation and lack of commitment may destroy value, and work potentially orthogonal to value creation in the longer run. In his recent advisory report to the Dutch government (WRR 2016), he applies the notion of financial dominance to Dutch society, and formulates recommendations for a stronger focus on the real economy.
In his public policy work and as an independent voice in the public debate, he focuses on these destabilizing forces but also on fundamental shifts in the world economy that are linked to the information technology revolution and current geo-political shifts. Bringing economics to policy, and from an understanding of societal developments trying to shape policy, he sees as a moral obligation in these turbulent times. Arnoud Boot’s academic contributions have appeared in many leading journals including the American Economic Review and the Journal of Finance.

The Future of Banking: From Scale & Scope Economies to Fintech

December 23, 2017 by Arnoud Boot

Information technology plays a leading role in the transformation of banking. The deepening of financial markets has profoundly affected the business of banking. The recent focus on fintech – basically, new technology-driven players entering the financial services industry – is the latest manifestation of the impact of information technology on the industry.
This paper will focus on the structure of the banking industry going forward. We will try to draw lessons from the (older) literature on scale and scope economies in banking. Much uncertainty remains as fintech will lead to a disaggregation of the value chain, and will challenge the bank-customer interface at the core.

From Issue 2017.2 - Articles

CURRENT ISSUE

Central Banks Digital Currencies

READ MORE

European Economy
Banks, Regulation, and the Real Sector

Publisher
Associazione Centro Studi Luca d'Agliano

Copyright © 2025 · Author Pro Theme on Genesis Framework · WordPress · Log in

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish.Accept Read More
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT