Modern Financial Systems

Author : Edwin H. Neave
Publisher : John Wiley & Sons
Page : 580 pages
File Size : 48,7 Mb
Release : 2009-10-08
Category : Business & Economics
ISBN : 9780470538135

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Modern Financial Systems by Edwin H. Neave Pdf

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.

Author : Podolski
Publisher : Wiley-Blackwell
Page : 128 pages
File Size : 42,6 Mb
Release : 2005-01-31
Category : Electronic
ISBN : 0631165290

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Modern Financial Systems by Podolski Pdf

Author : Prasanna Gai
Publisher : OUP Oxford
Page : 200 pages
File Size : 48,9 Mb
Release : 2013-03-28
Category : Business & Economics
ISBN : 9780191654060

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Systemic Risk by Prasanna Gai Pdf

Systemic Risk opens new ground in the study of financial crises. It treats the financial system as a complex adaptive system and shows how lessons from network disciplines - such as ecology, epidemiology, and statistical mechanics - shed light on our understanding of financial stability. Using tools from network theory and economics, it suggests that financial systems are robust-yet-fragile, with knife-edge properties that are greatly exacerbated by the hoarding of funds and the fire sale of assets by banks. This book studies the damaging network consequences of the failure of large inter-connected institutions, explains how key funding markets can seize up across the entire financial system, and shows how the pursuit of secured finance by banks in the wake of the global financial crisis can generate systemic risks. The insights are then used to model banking systems calibrated to data to illustrate how financial sector regulators are beginning to quantify financial system stress.

Author : Podolski
Publisher : Wiley-Blackwell
Page : 128 pages
File Size : 49,7 Mb
Release : 2005-01-31
Category : Electronic
ISBN : 0631165312

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Modern Financial Systems by Podolski Pdf

Author : Franklin Allen,Douglas Gale
Publisher : MIT Press
Page : 524 pages
File Size : 52,7 Mb
Release : 2000
Category : Business & Economics
ISBN : 0262011778

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Comparing Financial Systems by Franklin Allen,Douglas Gale Pdf

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.

Author : Kevin Dowd,Martin Hutchinson
Publisher : John Wiley & Sons
Page : 433 pages
File Size : 52,6 Mb
Release : 2010-04-27
Category : Business & Economics
ISBN : 9780470689967

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Alchemists of Loss by Kevin Dowd,Martin Hutchinson Pdf

An engaging look at how modern finance almost destroyed our global economy Over the last thirty years, capital markets have been restructured through the tenets of modern finance. This has been enormously profitable for the financial services sector. However, these innovations, coupled with unsound risk and regulatory practices have proved disastrous for the global economy. In a clear and accessible style, ex-investment banker and financial journalist Martin Hutchinson, and highly respected academic, Kevin Dowd show how modern finance combined with easy money threatened to bring down the world financial system. At the heart of the book is modern finance as a U.S. invention, the theories and practices associated with them, and the changes they made in business models and risk management on Wall Street and other major financial centers. Breaks down the events involved in the 2007-08 financial collapse Reveals how botched policy response made a bad situation worse Focuses on lessons that the practice of finance must learn from recent events The Alchemists of Loss will help you to understand how our financial system crashed and show you what it will take to make sure this won't happen again as we move forward.

Author : Samuel Knafo
Publisher : Routledge
Page : 269 pages
File Size : 49,9 Mb
Release : 2013-07-03
Category : Political Science
ISBN : 9781134066223

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The Making of Modern Finance by Samuel Knafo Pdf

The Making of Modern Finance is a path-breaking study of the construction of liberal financial governance and demonstrates how complex forms of control by the state profoundly transformed the nature of modern finance. Challenging dominant theoretical conceptions of liberal financial governance in international political economy, this book argues that liberal economic governance is too often perceived as a passive form of governance. It situates the gold standard in relation to practices of monetary governance which preceded it, tracing the evolution of monetary governance from the late middle Ages to show how the 19th century gold standard transformed the way states relate to finance. More specifically, Knafo demonstrates that the institutions of the gold standard helped to put in place instruments of modern monetary policy that are usually associated with central banking and argues that the gold standard was a prelude to Keynesian policies rather than its antithesis. The author reveals that these state interventions played a vital role in the rise of modern financial techniques which emerged in the late 18th and 19th century and served as the foundation for contemporary financial systems. This book will be of strong interest to students and scholars of international political economy, economic history and historical sociology. It will appeal to those interested in monetary and financial history, the modern state, liberal governance, and varieties of capitalism.

Author : Richard Farley
Publisher : Simon and Schuster
Page : 320 pages
File Size : 44,7 Mb
Release : 2015-05-12
Category : History
ISBN : 9781941393840

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Wall Street Wars by Richard Farley Pdf

In the depths of the Great Depression, Franklin Delano Roosevelt’s administration set out to radically remake America’s financial system—but Wall Street was determined to stop them. In 1933, the American economy was in shambles, battered by the 1929 stock market crash and limping from the effects of the Great Depression. But the incoming administration of Franklin Delano Roosevelt, elected on a wave of anxiety and hope, stormed Washington on a promise to save the American economy—and remake the entire American financial system. It was the opening salvo in a long war between Wall Street and Washington. Author Richard Farley takes a unique and detailed look at the pitched battles that followed—the fist fights, the circus-like stunts, the conmen and crooks, and the unlikely heroes—and shaped American capitalism. With a disparate cast of characters including Joseph P. Kennedy, J.P. Morgan, Huey Long, Babe Ruth, and Henry Ford (who refused to bail out his son’s bank, thus precipitating the meltdown of the entire banking system), Farley vividly traces the history of modern American finance and the establishment of a financial system still bitterly debated on Capitol Hill.

Author : Anna Meyendorff,Anjan V. Thakor
Publisher : MIT Press
Page : 340 pages
File Size : 52,7 Mb
Release : 2002
Category : Business & Economics
ISBN : 0262133911

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Designing Financial Systems in Transition Economies by Anna Meyendorff,Anjan V. Thakor Pdf

This collection examines the design of financial systems for central and eastern European countries engaged in the transition to market-based economies. It highlights the need for better approaches to measuring performance and providing incentives in banking and for financial mechanisms to encourage private-sector growth. Written by leading European and North American scholars, the essays apply modern finance theory and empirical data to the development of new financial sectors.

Author : Jeffrey Yi-Lin Forrest
Publisher : CRC Press
Page : 572 pages
File Size : 51,6 Mb
Release : 2014-03-03
Category : Business & Economics
ISBN : 9781138026285

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A Systems Perspective on Financial Systems by Jeffrey Yi-Lin Forrest Pdf

This book is devoted to a systems-theoretical presentation of the main results of applying the systemic yoyo model and relevant analytical tools to the topics of money and financial institutions. The author presents the main concepts and results of the subject matter in the language of systems science, which has in the past century prompted revolutionary applicati ons of systems research in various subfields of traditional disciplines. This volume applies a brand new logic of reasoning to some of the unsett led problems in the area of money and banking. Due to the particular systemic approach employed, the reader will be able to see how different economic activities are implicitly related to each other and how financial decisions are holistically made in reference to seemingly unrelated events. That is, the learning of this particular subject matter takes place at a different, more elevated level, from which, among others, economies are respectively seen as both closed and open systems; their interactions emulate those of rotational pools of fluids. This book can be used as a textbook for researchers and graduate students in economics, finance, systems science, and mathematical / systems modeling. It will also be useful as a reference book for applied economists and various policy makers.

Author : Glen Arnold
Publisher : Pearson Education
Page : 0 pages
File Size : 46,8 Mb
Release : 2012
Category : Capital market
ISBN : 0273730355

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Modern Financial Markets and Institutions by Glen Arnold Pdf

'Modern Financial Markets and Institutions' provides a comprehensive and authoritative introduction to the workings of modern financial systems, the efficiency of money markets and the role of investment bankers, illustrating how they impact our everyday lives.

Author : David W. Blackwell,Mark D. Griffiths,Drew B. Winters
Publisher : John Wiley & Sons
Page : 516 pages
File Size : 50,6 Mb
Release : 2006-12-18
Category : Business & Economics
ISBN : 9780470000106

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Modern Financial Markets by David W. Blackwell,Mark D. Griffiths,Drew B. Winters Pdf

Throughout this concise, accessible book, readers will quickly learn the fundamental concepts of managerial finance while discovering how things really work. The material is explained using an intuitive theoretical context, providing them with a richer understanding of the material and better insights into solving problems. Finance concepts are covered in a common sense manner and the use of mathematical jargon is minimized. The unifying theme for the book is the concept of valuation since it is the most fundamental concept in finance. The authors define and discuss value in terms of net present value (NPV).

Author : Raymond W. Goldsmith
Publisher : Cambridge University Press
Page : 0 pages
File Size : 48,8 Mb
Release : 1987-07-31
Category : Business & Economics
ISBN : 9780521329477

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Premodern Financial Systems by Raymond W. Goldsmith Pdf

This book describes the financial superstructure and links it to the essential characteristics of the infrastructure of nearly a dozen societies.

Author : Charles Albert Eric Goodhart
Publisher : MIT Press
Page : 560 pages
File Size : 43,9 Mb
Release : 1995
Category : Business & Economics
ISBN : 0262071673

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The Central Bank and the Financial System by Charles Albert Eric Goodhart Pdf

As economic advisor to the Bank of England for many years, C. A. E. Goodhart is uniquely positioned to assess the role of the central bank in the modern financial system. This book brings together twenty-one of his previously published articles dealing with the changing functions of central banks over time, recent efforts to maintain price stability, and debates over specific financial regulation proposals in the UK. Although the current day-to-day operations of central banks are subject to continuous comment and frequent criticism, their structural role within the economic system as a whole has generally been accepted without much question, despite several attempts by economists in recent decades to challenge the value of the institution. C. A. E. Goodhart brings his knowledge of both the theoretical arguments and the actual working of central banks to bear in these essays. Part I looks at the general purposes and functions of central banks within the financial system and their evolution over time. Part II concentrates on the current objectives and operations of central banks, and the maintenance of price stability in particular. Part III analyzes the broader issues of financial regulation.

Author : Elena G. Popkova
Publisher : Springer
Page : 1287 pages
File Size : 44,5 Mb
Release : 2018-11-03
Category : Technology & Engineering
ISBN : 9783030001025

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The Future of the Global Financial System: Downfall or Harmony by Elena G. Popkova Pdf

This book gathers the best papers presented at the conference “The Future of the Global Financial System: Downfall or Harmony”, which took place in Limassol, Cyprus on April 13-14, 2018. Organized by the Institute of Scientific Communications (Volgograd, Russia), the conference chiefly focused on reassessing the role and meaning of the global financial system in the modern global economy in light of the crisis that began in 2008 and can still be observed in many countries, and on developing conceptual and applied recommendations on spurring the development of the global financial system. All works underwent peer-review and conform to strict criteria, including a high level of originality (more than 90%), elements of scientific novelty, contribution to the development of economic science, and broad possibilities for practical application. The target audience of this scientific work includes postgraduates, lecturers at higher educational establishments, and researchers studying the modern global financial system. Based on the authors’ conclusions and results, readers will be equipped to pursue their own scientific research. The topics addressed include (but are not limited to) the following issues, which are interesting for modern economic science and practice: financial globalization, the role of finances in the global economy, perspectives of transition in the financial system from part of the infrastructure to a new vector of development in the global economy in the 21st century, reasons for the crisis of the modern financial system and ways of overcoming it, problems and perspectives regarding the harmonization of the global financial system, and scenarios of development for the global financial system. The content is divided into the following parts: development of financial systems at the micro-, meso- and macro-levels, financial infrastructure of the modern economy, legal issues of development of the modern financial system, and management of the global financial system.