The Deregulation Of Financial Intermediaries
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The Deregulation Of Financial Intermediaries
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Author : Ian MacFarlane
language : en
Publisher:
Release Date : 1991
The Deregulation Of Financial Intermediaries written by Ian MacFarlane and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991 with Australia categories.
The New Finance
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Author : Franklin R. Edwards
language : en
Publisher: American Enterprise Institute
Release Date : 1996
The New Finance written by Franklin R. Edwards and has been published by American Enterprise Institute this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Business & Economics categories.
Dramatic changes in information and telecommunications technologies have transformed U.S. financial markets in the 1980s and 1990s. This book examines the growth of mutual funds and derivatives markets and the decline of banks and explores implications of those developments for financial stability and regulatory policy. One of the book's central conclusions is that the current system of bank regulation is out of step with today's financial realities and needs to be substantially changed. Franklin Edwards asserts that the best way to increase the freedom of financial institutions to compete while making the financial system less vulnerable to excessive risk-taking by individual financial institutions is to adopt a system of collateralized banking. He shows how adopting such a system will result in a more stable financial system, both by reducing our reliance on government to maintain financial soundness and by enhancing the effectiveness of private markets in controlling institutional risk taking.
Financial Intermediation And Deregulation
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Author : Tobias Miarka
language : en
Publisher: Physica
Release Date : 2012-07-24
Financial Intermediation And Deregulation written by Tobias Miarka and has been published by Physica this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-07-24 with Business & Economics categories.
The author develops a model of bank-firm relationships on the basis of the following general idea: Banks want to prevent moral hazard on the side of their customers. In particular they want to prevent their business customers to use bank credit for purposes different from those that have been negotiated thus damaging the bank's interest. The idea of this model is relatively simple. Banks do not extend a loan if the project for which the money is intended will probably be un profitable. They extend the loan if the success of the project is highly probable and if the revenues from that project are greater than the expenses of the bank for monitoring the customer. Assuming as Miarka does that the results from a successful project are certain, this model is an equivalent to minimizing moni toring costs. In fact, this is the outcome of the model. The banks are known to monitor their loans. They thereby signal to the capital market that they have tested the project. Therefore, the buyer of bonds of the company on the capital market may rest assured that the project is financially sound. The buyers of bonds thus avoid monitoring costs and can grant better credit conditions than the banks. Pur chasers of bor. . ds are free riders on the monitoring of the banks. Miarka tests his model econometrically. The results are amazingly supportive of the model.
Current Challenges In Financial Regulation
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Author : Stijn Claessens
language : en
Publisher: World Bank Publications
Release Date : 2006
Current Challenges In Financial Regulation written by Stijn Claessens and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 2006 with Bank categories.
Financial intermediation and financial services industries have undergone many changes in the past two decades due to deregulation, globalization, and technological advances. The framework for regulating finance has seen many changes as well, with approaches adapting to new issues arising in specific groups of countries or globally. The objectives of this paper are twofold: to review current international thinking on what regulatory framework is needed to develop a financial sector that is stable, yet efficient, and provides proper access to households and firms; and to review the key experiences regarding international financial architecture initiatives, with a special focus on issues arising for developing countries. The paper outlines a number of areas of current debate: the special role of banks, competition policy, consumer protection, harmonization of rules-across products, within markets, and globally-and the adaptation and legitimacy of international standards to the circumstances facing developing countries. It concludes with some areas where more research would be useful.
Regulated Deregulation Of The Financial System In Korea
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Author : Ismail Dalla
language : en
Publisher: World Bank Publications
Release Date : 1995-01-01
Regulated Deregulation Of The Financial System In Korea written by Ismail Dalla and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1995-01-01 with Business & Economics categories.
World Bank Discussion Paper No. 292. Examines the anatomy of the Republic of Korea's financial reform policy since 1979 in order to place the nation's financial reform plan of 1993 in a proper context. Financial deregulation in the Republic of Korea, initiated in 1979, coincided with similar programs in South America and East Asia. The reforms were successful in spite of a mild form of financial repression and a deregulation policy that ran an erratic course. The republic moved decisively in 1993 toward a conventional type of financial liberalization by announcing a blueprint of reforms to be implemented over a five-year period ending in 1997. This paper examines the anatomy of the Korean financial reform policy since 1979 in order to place its financial reform plan of 1993 in the proper context. The report presents a conceptual framework of the Korean financial system and policies, examines interest rate reforms on various levels, and discusses changes in the credit allocation system that were undertaken in earlier phases of the reforms. The book goes on to review the rationale of the final financial reform phase, the sequencing of its various elements, and the assessment. Broad conclusions are presented.
Does Financial Deregulation Work
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Author : Bruce Coggins
language : en
Publisher: Edward Elgar Publishing
Release Date : 1998
Does Financial Deregulation Work written by Bruce Coggins and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998 with Financial services industry categories.
A detailed critique of the reasoning behind the deregulation of banks, savings and loans, and other financial services. In challenging the conventional arguments, Coggins proposes an alternative set of assumptions drawn from post-Keynesian monetary theory and the historical and institutional approach to industrial organization. He concludes that stability in the financial systems is dependent upon a regulatory regime which focuses on limiting competition and encouraging productive over speculative investment. Annotation copyrighted by Book News, Inc., Portland, OR
The Structural Response Of Financial Intermediaries To Deregulation
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Author : Joan Linklater
language : en
Publisher:
Release Date : 1989-01-01
The Structural Response Of Financial Intermediaries To Deregulation written by Joan Linklater and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1989-01-01 with Banks and banking categories.
Breaking Financial Boundaries
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Author : David M. Meerschwam
language : en
Publisher: Harvard Business Review Press
Release Date : 1991
Breaking Financial Boundaries written by David M. Meerschwam and has been published by Harvard Business Review Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1991 with Business & Economics categories.
For generations government regulations and business traditions confined financial activities within national borders. Leaders and borrowers maintained relationships with domestic bankers, who offered little in the way of innovation or advantage. But the abolition of fixed exchange rates, along with hyper-inflation in the 1970s spelled the beginning of the end for this system. By the 1980s the financial game in the UK, Japan and USA was being played ith some important new rules, and by many new players. The old world of relationship banking had given way to financial transactions based upon price and product innovation.
Current Issues In Financial And Monetary Economics
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Author : Kevin Dowd
language : en
Publisher:
Release Date : 1992
Current Issues In Financial And Monetary Economics written by Kevin Dowd and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with Banks and banking categories.
In common with other volumes in the series, this book contains essays that review recent developments in an important field of economics, in this case financial and monetary economics. The issues covered include financial intermediation and the operation of financial markets.
Financial Deregulation
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Author : M. Hall
language : en
Publisher: Springer
Release Date : 1987-11-24
Financial Deregulation written by M. Hall and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 1987-11-24 with Business & Economics categories.
The process of financial deregulation, and especially the dismantling of direct monetary controls, has been underway for some time now in many financially-developed economies, but little attention has been devoted to analysis of the issues involved in the academic literature. This book represents an attempt to remedy that deficiency providing, as it does, a detailed analysis of the programmes of financial deregulation pursued in the United Kingdom and Australia since 1970 and an assessment of the implications for monetary and prudential policy.