Comparing Financial Systems

Comparing Financial Systems

Author: Franklin Allen

Publisher: MIT Press

Published: 2000

Total Pages: 524

ISBN-13: 9780262011778

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Why do different countries have such different financial systems? Is one system better than the other? This text argues that the view that market-based systems are best is simplistic, and suggests that a more nuanced approach is necessary.


Book Synopsis Comparing Financial Systems by : Franklin Allen

Download or read book Comparing Financial Systems written by Franklin Allen and published by MIT Press. This book was released on 2000 with total page 524 pages. Available in PDF, EPUB and Kindle. Book excerpt: Why do different countries have such different financial systems? Is one system better than the other? This text argues that the view that market-based systems are best is simplistic, and suggests that a more nuanced approach is necessary.


Comparative Financial Systems

Comparative Financial Systems

Author: Paul F. Smith

Publisher: Praeger Publishers

Published: 1982

Total Pages: 159

ISBN-13: 9780275909055

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Book Synopsis Comparative Financial Systems by : Paul F. Smith

Download or read book Comparative Financial Systems written by Paul F. Smith and published by Praeger Publishers. This book was released on 1982 with total page 159 pages. Available in PDF, EPUB and Kindle. Book excerpt:


Comparing Financial Systems

Comparing Financial Systems

Author: Sylvain Champonnois

Publisher:

Published: 2006

Total Pages: 53

ISBN-13:

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Book Synopsis Comparing Financial Systems by : Sylvain Champonnois

Download or read book Comparing Financial Systems written by Sylvain Champonnois and published by . This book was released on 2006 with total page 53 pages. Available in PDF, EPUB and Kindle. Book excerpt:


Comparing Financial Systems

Comparing Financial Systems

Author: Irena Grosfeld

Publisher:

Published: 1994

Total Pages: 26

ISBN-13: 9788386296156

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Book Synopsis Comparing Financial Systems by : Irena Grosfeld

Download or read book Comparing Financial Systems written by Irena Grosfeld and published by . This book was released on 1994 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt:


The German Financial System

The German Financial System

Author: Jan Pieter Krahmen (editor)

Publisher:

Published: 2004

Total Pages: 550

ISBN-13: 0199253161

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Written by a team of scholars, predominantly from the Centre for Financial Studies in Frankfurt, this volume provides a descriptive survey of the present state of the German financial system and a new analytical framework to explain its workings.


Book Synopsis The German Financial System by : Jan Pieter Krahmen (editor)

Download or read book The German Financial System written by Jan Pieter Krahmen (editor) and published by . This book was released on 2004 with total page 550 pages. Available in PDF, EPUB and Kindle. Book excerpt: Written by a team of scholars, predominantly from the Centre for Financial Studies in Frankfurt, this volume provides a descriptive survey of the present state of the German financial system and a new analytical framework to explain its workings.


Bank-based and Market-based Financial Systems

Bank-based and Market-based Financial Systems

Author: Asl? Demirgüç-Kunt

Publisher: World Bank Publications

Published: 1999

Total Pages: 73

ISBN-13:

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Book Synopsis Bank-based and Market-based Financial Systems by : Asl? Demirgüç-Kunt

Download or read book Bank-based and Market-based Financial Systems written by Asl? Demirgüç-Kunt and published by World Bank Publications. This book was released on 1999 with total page 73 pages. Available in PDF, EPUB and Kindle. Book excerpt:


Comparing China's Financial System

Comparing China's Financial System

Author: Franklin Allen

Publisher:

Published: 2011

Total Pages: 48

ISBN-13:

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We compare China's financial system to those of the developed countries, in particular, the US system dominated by financial markets, and the German system dominated by the banking sector. We examine financial systems' properties, including risk sharing, information provision, funding new and mature industries, financial crisis, corporate governance, and the relation between the financial and legal systems and economic growth. We find that there are many fundamental differences between China's financial system and the US system, and simply adopting the US system is not optimal. Understanding the German system and reform China's banking system should be as important as developing US-style financial markets. Our findings also suggest that China differs from most countries studied in the law, finance, and growth and comparative financial systems literature: Despite its poor legal and financial systems, it has the largest, and one of the fastest growing economies in the world. We find that there are effective, informal financing channels and governance mechanisms to support the growth of various firms in the economy. Therefore, it may be best for China to develop its existing financial system, and to ensure that the informal financing channels and governance mechanisms continue to work along with the development of the legal and financial systems.


Book Synopsis Comparing China's Financial System by : Franklin Allen

Download or read book Comparing China's Financial System written by Franklin Allen and published by . This book was released on 2011 with total page 48 pages. Available in PDF, EPUB and Kindle. Book excerpt: We compare China's financial system to those of the developed countries, in particular, the US system dominated by financial markets, and the German system dominated by the banking sector. We examine financial systems' properties, including risk sharing, information provision, funding new and mature industries, financial crisis, corporate governance, and the relation between the financial and legal systems and economic growth. We find that there are many fundamental differences between China's financial system and the US system, and simply adopting the US system is not optimal. Understanding the German system and reform China's banking system should be as important as developing US-style financial markets. Our findings also suggest that China differs from most countries studied in the law, finance, and growth and comparative financial systems literature: Despite its poor legal and financial systems, it has the largest, and one of the fastest growing economies in the world. We find that there are effective, informal financing channels and governance mechanisms to support the growth of various firms in the economy. Therefore, it may be best for China to develop its existing financial system, and to ensure that the informal financing channels and governance mechanisms continue to work along with the development of the legal and financial systems.


The Origins and Development of Financial Markets and Institutions

The Origins and Development of Financial Markets and Institutions

Author: Jeremy Atack

Publisher: Cambridge University Press

Published: 2009-03-16

Total Pages: 497

ISBN-13: 1139477048

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Collectively, mankind has never had it so good despite periodic economic crises of which the current sub-prime crisis is merely the latest example. Much of this success is attributable to the increasing efficiency of the world's financial institutions as finance has proved to be one of the most important causal factors in economic performance. In a series of insightful essays, financial and economic historians examine how financial innovations from the seventeenth century to the present have continually challenged established institutional arrangements, forcing change and adaptation by governments, financial intermediaries, and financial markets. Where these have been successful, wealth creation and growth have followed. When they failed, growth slowed and sometimes economic decline has followed. These essays illustrate the difficulties of co-ordinating financial innovations in order to sustain their benefits for the wider economy, a theme that will be of interest to policy makers as well as economic historians.


Book Synopsis The Origins and Development of Financial Markets and Institutions by : Jeremy Atack

Download or read book The Origins and Development of Financial Markets and Institutions written by Jeremy Atack and published by Cambridge University Press. This book was released on 2009-03-16 with total page 497 pages. Available in PDF, EPUB and Kindle. Book excerpt: Collectively, mankind has never had it so good despite periodic economic crises of which the current sub-prime crisis is merely the latest example. Much of this success is attributable to the increasing efficiency of the world's financial institutions as finance has proved to be one of the most important causal factors in economic performance. In a series of insightful essays, financial and economic historians examine how financial innovations from the seventeenth century to the present have continually challenged established institutional arrangements, forcing change and adaptation by governments, financial intermediaries, and financial markets. Where these have been successful, wealth creation and growth have followed. When they failed, growth slowed and sometimes economic decline has followed. These essays illustrate the difficulties of co-ordinating financial innovations in order to sustain their benefits for the wider economy, a theme that will be of interest to policy makers as well as economic historians.


Bank-Based and Market-Based Financial Systems

Bank-Based and Market-Based Financial Systems

Author: Asli Demirgüç-Kunt

Publisher:

Published: 2016

Total Pages: 72

ISBN-13:

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Financial systems tend to ...


Book Synopsis Bank-Based and Market-Based Financial Systems by : Asli Demirgüç-Kunt

Download or read book Bank-Based and Market-Based Financial Systems written by Asli Demirgüç-Kunt and published by . This book was released on 2016 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: Financial systems tend to ...


Modern Financial Systems

Modern Financial Systems

Author: Edwin H. Neave

Publisher: John Wiley & Sons

Published: 2009-10-08

Total Pages: 580

ISBN-13: 0470538139

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A valuable guide to the essential elements of modern financial systems This book offers you a unified theory of modern financial system activity. In it, author Edwin Neave distills a large body of literature on financial systems, the institutions that comprise the systems, and the economic impacts of the systems' operation. Through non-technical summaries, Neave provides you with a primer on how financial systems work, as well as how the many parts of any financial system relate to each other. He does so in a straightforward manner, with an emphasis on economic principles and the relationship between various aspects of financial system activity. Discusses financial governance and explains how financial markets and institutions complement each other Identifies the economic forces at work within financial systems and explores how they determine system organization and change Offers a theoretical survey of financial activity and its application to numerous practical situations Explains both static financial system organization and the dynamics of financial system evolution Following a non-technical approach, this book skillfully explores how financial systems work, as well as how the many parts of any financial system relate to each other.


Book Synopsis Modern Financial Systems by : Edwin H. Neave

Download or read book Modern Financial Systems written by Edwin H. Neave and published by John Wiley & Sons. This book was released on 2009-10-08 with total page 580 pages. Available in PDF, EPUB and Kindle. Book excerpt: A valuable guide to the essential elements of modern financial systems This book offers you a unified theory of modern financial system activity. In it, author Edwin Neave distills a large body of literature on financial systems, the institutions that comprise the systems, and the economic impacts of the systems' operation. Through non-technical summaries, Neave provides you with a primer on how financial systems work, as well as how the many parts of any financial system relate to each other. He does so in a straightforward manner, with an emphasis on economic principles and the relationship between various aspects of financial system activity. Discusses financial governance and explains how financial markets and institutions complement each other Identifies the economic forces at work within financial systems and explores how they determine system organization and change Offers a theoretical survey of financial activity and its application to numerous practical situations Explains both static financial system organization and the dynamics of financial system evolution Following a non-technical approach, this book skillfully explores how financial systems work, as well as how the many parts of any financial system relate to each other.