This volume addresses one of the most topical and controversial issues in banking and financial policy. It explains why governments have felt the need to liberalize banking and finance, for example, by privatizing banks and allowing interest rates to be set by the market. It describes how the consequences have not always been smooth, and considers how financial liberalizations could be approached better in the future.
This volume addresses one of the most topical and controversial issues in banking and financial policy. It explains why governments have felt the need...
This volume summarizes the key lessons of financial history for emerging market and developing economies, mostly drawn from when OECD economies themselves were industrializing and did not possess the checks, balances, and supervisory capabilities they have today. The topics include the role of central banks, debates on how to make banking secure and sound, the relative efficiency of universal banking (compared with the Anglo-American commercial banking model), and the role of savings banks, nonbanks, and securities markets in development.
This volume summarizes the key lessons of financial history for emerging market and developing economies, mostly drawn from when OECD economies themse...
This study, the first to look at the analytics of and experience with financial reform, examines a number of issues: the relationship between the financial and real sectors, and how this behavior can affect the economy at large; the process of reform and the sequencing of various elements, including in particular the timing of opening of the capital account; the impact of financial reforms on the efficiency with which capital is allocated.
This study, the first to look at the analytics of and experience with financial reform, examines a number of issues: the relationship between the fina...
This volume summarizes the key lessons of financial history for emerging market and developing economies, mostly drawn from when OECD economies themselves were industrializing and did not possess the checks, balances, and supervisory capabilities they have today. The topics include the role of central banks, debates on how to make banking secure and sound, the relative efficiency of universal banking (compared with the Anglo-American commercial banking model), and the role of savings banks, nonbanks, and securities markets in development.
This volume summarizes the key lessons of financial history for emerging market and developing economies, mostly drawn from when OECD economies themse...
This volume addresses one of the most topical and controversial issues in banking and financial policy. It explains why governments have felt the need to liberalize banking and finance, for example, by privatizing banks and allowing interest rates to be set by the market. It describes how the consequences have not always been smooth, and considers how financial liberalizations could be approached better in the future. In addition to a clear and concise presentation of current theories and global experience, there are six carefully chosen country case studies.
This volume addresses one of the most topical and controversial issues in banking and financial policy. It explains why governments have felt the need...
This volume assembles and presents a database on bank regulation in over 150 countries (included also on CD). It offered the first comprehensive cross-country assessment of the impact of bank regulation on the operation of banks, and assesses the validity of the Basel Committee's influential approach to bank regulation. The treatment also provides an empirical evaluation of the historic debate about the proper role of government in the economy by studying bank regulation and analyzes the role of politics in determining regulatory approaches to banking. The data also indicate that restrictions...
This volume assembles and presents a database on bank regulation in over 150 countries (included also on CD). It offered the first comprehensive cross...
Throughout the 1990s, numerous financial crises rocked the world financial sector. The Asian bubble burst, for example; Argentina and Brazil suffered currency crises; and the post-Soviet economy bottomed out in Russia. In Financial Crises, a distinguished group of economists and policy analysts examine and draw lessons from attempts to recover from past crises. They also consider some potential hazards facing the world economy in the 21st century and discuss ways to avoid them and minimize the severity of any future downturn. This important new volume emerges from the seventh annual...
Throughout the 1990s, numerous financial crises rocked the world financial sector. The Asian bubble burst, for example; Argentina and Brazil suffer...
Gerard, Jr. Caprio Jonathan L. Fiechter Robert E. Litan
Research suggests that if the majority of a country's financial institutions are owned by the state, that country will experience slower financial development, less efficient financial systems, less private sector credit, and slower GDP growth. Yet more than 40 percent of the world's population live in countries in which public sector institutions dominate the banking system. In "The Role of State-Owned Financial Institutions: Policy and Practice" noted experts discuss the challenges presented by state-owned financial institutions and offer cross-disciplinary solutions for policymakers and...
Research suggests that if the majority of a country's financial institutions are owned by the state, that country will experience slower financial ...
The dramatic events of the late 1990s brought the issue of financial sector policy in developing countries to the forefront. Much of the international community's policy focuses on financial sector reform including strengthening the prudential regulations and supervision of the financial system along with ensuring that finance can make its most important contribution to economic prosperity through market-driven allocation of investable resources. This book consists of a collection of essays concentrating on financial sector policy issues effecting developing countries. Drawing on the...
The dramatic events of the late 1990s brought the issue of financial sector policy in developing countries to the forefront. Much of the international...
Cross-border banking, while having the potential for a more efficient financial sector, also creates potential challenges for bank supervisors and regulators. It requires cooperation by regulatory authorities across jurisdictions and a clear delineation of authority and responsibility. That delineation is typically not present and regulatory authorities often have significantly different incentives to respond when cross-border-active banks encounter difficulties. Most of these issues have only begun to be seriously evaluated. This volume, one of the first attempts to address these issues,...
Cross-border banking, while having the potential for a more efficient financial sector, also creates potential challenges for bank supervisors and reg...
