This book examines the origins of modern corporate finance systems during the rapid industrialization period leading up to World War I; leading to three sets of conclusions. First, modern financial systems are rooted in the past, are idiosyncratic to specific countries and are highly path-dependent. Therefore, to understand current financial institutions, we must take stock of the forces at play in the near and distant past. Second, financial institutions and markets do not create economic growth without significant first steps in industrial development and supporting institutions. Third, and most important from the modern policy standpoint, there is no 'one-size-fits-all' solution to financial system design and industrial development. Having specific types of financial institutions is far less important than developing a strong, stable and legally protected financial system with a rich diversity of institutions and vibrant markets that can adapt to changing needs.
A survey of past financial crises, starting with the great banking collapses of the interwar period. The current turmoil has prompted a number of questions regarding both its origins and ways to avoid
What is the relationship between the financial system and politics? In a democratic system, what kind of control should elected governments have over the financial markets? What policies should be imp
Despite considerable progress on political and economic convergence over the last decade, financial structures of individual countries within the EU remain diverse. This book considers the future pros
Islamic banking has seen rapid growth during the last two decades as a result of economic growth in the Islamic world, fuelled primarily by oil wealth. The main issues of concern surrounding this grow
This report presents a detailed account of the evolution of the World Bank's sanctions process since its inception in 1996, with particular focus on the most recent round of reforms, and showing how t
Although emerging economies as a group performed well during the global recession, weathering the recession better than advanced economies, there were sharp differences among them and across regions.
The Basel Committee on Banking Supervision (BCBS) sets the guidelines for world-wide regulation of banks. It is the forum for agreeing international regulation on the conduct of banking. Based on special access to the archives of the BCBS and interviews with many of its key players, this book tells the story of the early years of the Committee from its foundation in 1974/5 right through until 1997 - the year that marks the watershed between the Basel I Accord on Capital Adequacy and the start of work on Basel II. In addition, the book covers the Concordat, the Market Risk Amendment, the Core Principles of Banking and all other facets of the work of the BCBS. While the book is primarily a record of the history of the BCBS, it also provides an assessment of its actions and efficacy. It is a major contribution to the historical record on banking supervision.
An insider points out the holes that still exist on Wall Street and in the banking systemExile on Wall Street is a gripping read for anyone with an interest in business and finance, U.S. capitalism, t
"Relying on a broad array of records used together for the first time, Panic in the Loop reveals widespread fraud and insider abuse by bankers--and the complicity of corrupt politicians--that caused t
"Financial Enterprise Risk Management provides all the tools needed to build and maintain a comprehensive ERM framework. As well as outlining the construction of such frameworks, it discusses the inte
In Legislating International Organization, Kathryn Lavelle argues against the commonly-held idea that key international organizations are entities unto themselves, immune from the influence and pressu
The recent financial crisis has made it paramount for the financial services industry to find new perspectives to look at their industry and, most importantly, to gain a better understanding of how th
This text comprises a selection of papers that?provide state of the art insights into?bank performance, risk and firm financing post crisis that were presented at the European Association of Universit
This text comprises a selection of papers that provide state-of-the-art insights into research focusing on dimensions of bank strategy, governance and the role of credit rating agencies that were pres
Towards Financial Inclusion in India provides an in-depth analysis of the various pillars of financial inclusion such as micro-remittance, micro-savings, micro-credit, and micro-insurance. The book st
Asia’s demand for second-generation financial institutions and markets needs to be met in order for the region’s further development to be sustained. This book provides a compelling, fact-based assess
Asia’s demand for second-generation financial institutions and markets needs to be met in order for the region’s further development to be sustained. This book provides a compelling, fact-based assess
Indispensable coverage of new federal regulatory reforms and federal financial issuesAn essential guide covering new federal regulatory reforms and federal financial issuesFinancial Institutions, Valu
