The Role Of Financial Institutions In The Transition To A Market Economy
DOWNLOAD
READ ONLINE
Download The Role Of Financial Institutions In The Transition To A Market Economy PDF/ePub or read online books in Mobi eBooks. Click Download or Read Online button to get The Role Of Financial Institutions In The Transition To A Market Economy book now. This website allows unlimited access to, at the time of writing, more than 1.5 million titles, including hundreds of thousands of titles in various foreign languages. If the content not found or just blank you must refresh this page
The Role Of Financial Institutions In The Transition To A Market Economy
DOWNLOAD
READ ONLINE
Author : Mr.Michael G. Spencer
language : en
Publisher: International Monetary Fund
Release Date : 1993-10-01
The Role Of Financial Institutions In The Transition To A Market Economy written by Mr.Michael G. Spencer and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993-10-01 with Business & Economics categories.
Financial institutions intermediate between savers and investors and contribute to corporate governance. Equity and bond markets in the former centrally planned economies are not yet in a position adequately to provide these services. It is not yet clear that investment funds will provide the necessary financing and corporate management. Therefore the first priority for financial sector reforms must be to establish a healthy commercial banking sector. Banks are the most promising source of financing, provide payment services which are crucial to both the real and financial sectors and, by monitoring the use of loaned funds, will be the primary source of corporate governance during the transformation to a market economy.
The Role Of Financial Institutions In The Transition To A Market Economy
DOWNLOAD
READ ONLINE
Author : Hans J... Blommestein
language : en
Publisher:
Release Date : 1993
The Role Of Financial Institutions In The Transition To A Market Economy written by Hans J... Blommestein and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1993 with Capital market categories.
China S Financial Sector Reform In The Transition To A Market Economy
DOWNLOAD
READ ONLINE
Author : Feng Wei
language : en
Publisher: Lit Verlag
Release Date : 2000
China S Financial Sector Reform In The Transition To A Market Economy written by Feng Wei and has been published by Lit Verlag this book supported file pdf, txt, epub, kindle and other format this book has been release on 2000 with Business & Economics categories.
" The book is a problem-oriented study of China's financial sector in the transitional process since 1979. It provides deep and precise insights into the characteristics and problems of China's financial sector with respect to investment finance, the central banking and commercial banking systems, the financial market, and the legal and institutional framework of bank supervision in China. More importantly, the book has also proposed workable strategies for resolving two acute problems: interest rate liberalization and solving the issue of non-performing loans in China's banking system. The recent financial crisis in Asia is also a subject of the book, especially as regards its effects on the banking sector, stock markets, and extemal financial market liberalization in China. Furthermore, a projection is made about the trends in Chinese economic policies, particularly the interest rate policy, the exchange rate policy, and the fiscal policy, and about the perspectives of China's financial sector reform. This book is a valuable reference for academic researchers, investors, business managers, and policy-makers who are concemed with China's banking and financial system. "
Transition To The Market Economy
DOWNLOAD
READ ONLINE
Author : P. G. Hare
language : en
Publisher: Taylor & Francis
Release Date : 1997
Transition To The Market Economy written by P. G. Hare and has been published by Taylor & Francis this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Business & Economics categories.
The Role Of Credit Markets In A Transition Economy With Incomplete Public Information
DOWNLOAD
READ ONLINE
Author : Kenneth Kletzer
language : en
Publisher: International Monetary Fund
Release Date : 1996-02
The Role Of Credit Markets In A Transition Economy With Incomplete Public Information written by Kenneth Kletzer and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996-02 with Business & Economics categories.
In this paper we explore some of the informational problems that constrain the development of credit markets in transition economies. We characterize investment patterns under uncertainty and high costs of entry, when agents learn about the ultimate value of enterprises through production in a Bayesian way. Inefficiencies due to the lack of public information reduce the average return to capital. Under asymmetric information, credit would go to activities that can provide enough co-finance. Credit markets may fail to develop for a while if there is not enough individual wealth to complement credit. Once they operate, credit markets may magnify distortions in equity markets, such as those due to spontaneous privatization. An argument for the sequencing of capital market liberalization is provided.
The United Kingdom Financial System In Transition
DOWNLOAD
READ ONLINE
Author : Michael J. Buckle
language : en
Publisher: Manchester University Press
Release Date : 1992
The United Kingdom Financial System In Transition written by Michael J. Buckle and has been published by Manchester University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1992 with Business & Economics categories.
This text aims to provide a detailed explanation of the workings of the UK financial system. It details both the institutional structure and the economic theory behind the financial system, and discusses the extensive changes brought about by the single European market of 1992.
Economies In Transition
DOWNLOAD
READ ONLINE
Author : Allan E. Young
language : en
Publisher: World Scientific
Release Date : 2002
Economies In Transition written by Allan E. Young and has been published by World Scientific this book supported file pdf, txt, epub, kindle and other format this book has been release on 2002 with Business & Economics categories.
To date, the record of economic transition has decidedly been mixed. The worldwide political climate is still in favor of economic reform and the process continues to have considerable momentum. On the other hand, this process now faces a number of formidable obstacles. There appears to be general agreement that in many countries the promise of a better standard of living which economic transition offers to the mass of the citizenry has failed to produce the rapid and dramatic results hoped for. There is an increasing conflict of interest between multinational firms and the national business community. Moreover, many transition economies have experienced a slowing of economic growth in real terms and social services have been severely cut.This book deals with the development of those forces that have played a major role in the successes and failures of economic transition. Its distinctive feature is that it does this from the perspective of economic, political and social analysis, taking into account both theoretical constructs and economic realities for those countries which have attempted the grand experiment with economic transition.
Financial Sector Transformation
DOWNLOAD
READ ONLINE
Author : Mario I. Blejer
language : en
Publisher: Cambridge University Press
Release Date : 1999-04-28
Financial Sector Transformation written by Mario I. Blejer and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1999-04-28 with Business & Economics categories.
This book offers overviews of issues in banking sector reform and capital markets in Central and Eastern Europe, China and Israel.
Developing Countries And The Globalization Of Financial Markets
DOWNLOAD
READ ONLINE
Author : Mr.Malcolm D. Knight
language : en
Publisher: International Monetary Fund
Release Date : 1998-07-01
Developing Countries And The Globalization Of Financial Markets written by Mr.Malcolm D. Knight and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 1998-07-01 with Business & Economics categories.
This paper analyzes the impact of the globalization of financial markets on developing and transition economies. Differences between the responses of competitive and imperfectly competitive banking sectors cause them to affect economic activity differently. While nonbank financial markets and institutions can help to increase the competitiveness of banking sectors, there are “gaps” in the institutions and market structures of developing and transition economies. Eliminating these gaps may reinforce financial market discipline in these countries. Some current international initiatives are outlined for enhancing financial system soundness; these emphasize the complementary roles of market discipline and official oversight in an environment of globalized markets.
China S Financial Transition At A Crossroads
DOWNLOAD
READ ONLINE
Author : Charles W. Calomiris
language : en
Publisher: Columbia University Press
Release Date : 2007
China S Financial Transition At A Crossroads written by Charles W. Calomiris and has been published by Columbia University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2007 with Business & Economics categories.
China's increasing role in global economic affairs has placed the country at a crossroads: how many and what types of international capital-market transactions will China permit? How will China's financial system change internally? What kind of relationships will the Chinese government develop with foreign financial institutions, especially with those based in the United States? Can China broker a sustainable partnership with America that will avoid sending economic shock waves throughout the world? Drawing on the contemporary research of prominent international scholars, the experts in this volume outline the trajectory of China's financial markets since the advent of reform and anticipate their uncertain future. Chapter authors and commentators include Geert Bekaert, Loren Brandt, Lee Branstetter, Mary Wadsworth Darby, Michael DeStefano, Barry Eichengreen, Campbell Harvey, Fred Hu, Xiaobo Lu, Christian Lundblad, Ailsa Roell, Daniel Rosen, Shang-Jin Wei, Jialin Yu, and Xiaodong Zhu. The book begins with an overview of the history of financial-sector development, regulation, and performance and then focuses on the banking sector, discussing the progress, challenges, and prospects of current sector reform. Subsequent chapters describe the role of foreign capital in China's development and analyze the changes in capital flows and controls over time; explore various explanations for China's composition of foreign-capital and foreign-exchange policies, particularly the factors shaping China's reliance on foreign direct investment; and provide an international, comparative perspective on the remarkable growth experience of China and the contribution of its institutional environment to that experience. Contributors dispute the belief that stock market listing has done little to reform state-owned enterprises and take a hard look at the exchange rate regime choice for China, considering the potential long-run desirability of flexibility and the appropriate sequencing of reforms in foreign-exchange policy, domestic banking reform, and capital-market openness. The book concludes with a roundtable discussion in which prominent economists, including Peter Garber, Robert Hodrick, John Makin, David Malpass, Frederic Mishkin, and Eswar Prasad, debate the pace of the appreciation of China's currency and the likely consequences of that policy within and outside of China.