Dean of the Duisenberg School of Finance and Professor of Finance, Banking and Insurance, VU University Amsterdam

"Well before the euro crisis, Dirk Schoenmaker was warning us that globalization might undermine financial stability. In this new book he analyzes the complex landscape of modern international banking in terms of a simple unifying concept: the 'trilemma' that financial stability, international financial integration, and autonomous national control over banking policy cannot all coexist. Schoenmaker provides a clear and accessible introduction to the issues that will prove indispensable for students at all levels, for their teachers, for finance professionals, and for policymakers."--Maurice Obstfeld, Professor of Economics, University of California, Berkeley

"One of the greatest problems in the exercise to make banking safer is how to organise the resolution of a failing cross-border bank. This is a subject on which Dirk Schoenmaker is one of the world's leading experts. In this book he explores both the problems of, and suggests potential answers to, this thorny problem. Anyone concerned with the future of the global financial system will greatly benefit from reading this book."--Charles Goodhart, Emeritus Professor of Banking and Finance, London School of Economics