From Good to Bad Bankers

Lessons Learned from a 50-Year Career in Banking

  • Aristóbulo de Juan

Table of contents

  1. Front Matter
    Pages i-xxvii
  2. Aristóbulo de Juan
    Pages 1-16
  3. Aristóbulo de Juan
    Pages 17-29
  4. Aristóbulo de Juan
    Pages 31-39
  5. Aristóbulo de Juan
    Pages 41-51
  6. Aristóbulo de Juan
    Pages 53-56
  7. Aristóbulo de Juan
    Pages 77-80
  8. Aristóbulo de Juan
    Pages 81-86
  9. Aristóbulo de Juan
    Pages 87-90
  10. Aristóbulo de Juan
    Pages 91-94
  11. Aristóbulo de Juan
    Pages 95-113
  12. Aristóbulo de Juan
    Pages 115-122
  13. Aristóbulo de Juan
    Pages 123-143
  14. Back Matter
    Pages 145-149

About this book


Bankers are administrators of other people’s money, and they are responsible both to their depositors and to other stakeholders.  Human nature being what it is, however, they sometimes fall prey to overweening ambition, coming to see themselves as the rightful beneficiaries of the moneys entrusted to them.  This can lead them to make poor lending decisions and engage in risky practices, eventually moving on to cosmetic accounting and the concealment of problems, speculation and even outright fraud.

Supervisors are there to prevent such behaviour, of course. They are responsible to government and the general public alike for the stability of the financial system, the proper allocation of financial resources by the banks and the protection of depositors and creditors.  Their responsibility is, then, subsidiary to that of the bankers themselves.

Where supervision is lax and ineffective, however, it encourages bad management by bankers, creating a vicious circle that eventually leads to financial crises, which has most often to be cured using tax-payers’ money. Of course, it also hurts the broader economy. That is why the inseparable trio of regulation, supervision and resolution must exist.

In this collection of his writings over a period of some 50 years, Aristóbulo de Juan describes the causes, characteristics and consequences of financial crises based on his own experience as a central banker, world bank expert and consultant spanning a career of more than 55 years.

In a nutshell, the papers brought together in this book recount circumstances that have always plagued banking, and that are only too likely to recur in the future.


financial assistance package financial cost banks banking institutions deposit guarantee scheme Spanish banking crisis bank supervision banking crisis banking reform the financial system liquidity developing economies transition economies governance of banking regulation

Authors and affiliations

  • Aristóbulo de Juan
    • 1
  1. 1.MadridSpain

Bibliographic information

  • DOI
  • Copyright Information The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG, part of Springer Nature 2019
  • Publisher Name Palgrave Macmillan, Cham
  • eBook Packages Economics and Finance Economics and Finance (R0)
  • Print ISBN 978-3-030-11550-0
  • Online ISBN 978-3-030-11551-7
  • Buy this book on publisher's site