rent-now

Rent More, Save More! Use code: ECRENTAL

5% off 1 book, 7% off 2 books, 10% off 3+ books

9780521032810

Reforming Financial Systems: Historical Implications for Policy

by
  • ISBN13:

    9780521032810

  • ISBN10:

    0521032814

  • Format: Paperback
  • Copyright: 2007-02-12
  • Publisher: Cambridge University Press

Note: Supplemental materials are not guaranteed with Rental or Used book purchases.

Purchase Benefits

  • Free Shipping Icon Free Shipping On Orders Over $35!
    Your order must be $35 or more to qualify for free economy shipping. Bulk sales, PO's, Marketplace items, eBooks and apparel do not qualify for this offer.
  • eCampus.com Logo Get Rewarded for Ordering Your Textbooks! Enroll Now
  • Write a Review Icon Write a Review
List Price: $41.99 Save up to $12.07
  • Rent Book $29.92
    Add to Cart Free Shipping Icon Free Shipping

    TERM
    PRICE
    DUE
    SPECIAL ORDER: 1-2 WEEKS
    *This item is part of an exclusive publisher rental program and requires an additional convenience fee. This fee will be reflected in the shopping cart.

How To: Textbook Rental

Looking to rent a book? Rent Reforming Financial Systems: Historical Implications for Policy [ISBN: 9780521032810] for the semester, quarter, and short term or search our site for other textbooks by Edited by Gerard Caprio, Jr. , Dimitri Vittas. Renting a textbook can save you up to 90% from the cost of buying.

Summary

This volume summarizes the key lessons of financial history for emerging markets and developing economies today, including the rise and role of central banks, debates on how to make banking secure and sound, the relative efficiency of universal banking compared to the Anglo-American commercial banking model, and the role of savings banks, non-banks and securities markets in development. Two lessons that should be kept in mind in reforming financial systems are the importance of incentives and diversification. Robust financial systems require incentive systems that reward prudent risk-taking and encourage sound portfolio diversification. In addition, reputation has proved to be important: central bankers must demonstrate anew why they have earned a reputation for non-inflationary policies, and private intermediaries must similarly demonstrate again why they have earned a reputation for sound, as opposed to Ponzi, finance. Attempts to reform financial systems without due allowance for the time and effort to develop institutions, including reputation, are likely to prove short-lived.

Table of Contents

List of contributors
Financial history: lessons of the past for reformers of the present
The evolution of central banking
Free banking: the Scottish experience as a model for emerging economies
Regulation and bank stability: Canada and the United States, 1870-1980
Deposit insurance
Contingent liability in banking: useful policy for developing countries?
Universal banking and the financing of industrial development
Before main banks: a selective historical overview of Japan's prewar financial system
Thrift deposit institutions in Europe and the United States
The development of industrial pensions in the United States during the twentieth century
The rise of securities markets: what can government do?
Index
Table of Contents provided by Publisher. All Rights Reserved.

Supplemental Materials

What is included with this book?

The New copy of this book will include any supplemental materials advertised. Please check the title of the book to determine if it should include any access cards, study guides, lab manuals, CDs, etc.

The Used, Rental and eBook copies of this book are not guaranteed to include any supplemental materials. Typically, only the book itself is included. This is true even if the title states it includes any access cards, study guides, lab manuals, CDs, etc.

Rewards Program