Moving Money Banking and Finance in the Industrialized World

Name: Moving Money Banking and Finance in the Industrialized World
Price: 5.7 USD
Availability: InStock
ISBN: 9780521891127

ISBN-10: 0521891124

ISBN-13: 9780521891127

Edition: 2002

Authors: Daniel Verdier

List price: $27.99

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Description:

Moving Money analyses the influence of politics on financial systems. Daniel Verdier examines how information asymmetry and economies of scale over time have created a redistributional conflict between large and small banks, financial centres and their peripheries, and he discusses how governments have attempted to arbitrate this conflict. He argues that centralized states have tended to create concentrated, internationalized, market-based and specialized financial systems, whereas decentralized states have favoured dispersed, national, bank-based and, with a few exceptions, universal systems. Verdier then sets out to uncover the sources, political and economic, of cross-country variation…

Book details

List price: $27.99
Copyright year: 2002
Publisher: Cambridge University Press
Publication date: 2/13/2003
Binding: Paperback
Pages: 326
Size: 5.98" wide x 8.98" long x 0.87" tall
Weight: 1.144
Language: English



Introduction



Theoretical Conjectures on Banking, Finance and Politics



Capital scarcity, capital mobility, and information asymmetry: a selective overview



The institutions of capital mobility



The First Expansion (1850ï¿½ï¿½ï¿½1913)



The advent of deposit banking



The internationalization of finance



The origins of corporate security markets



The origins of universal banking



The Second Expansion (1960ï¿½ï¿½ï¿½2000)



Sectoral realignment



The globalization of banking



The growth of security markets



Choosing the right product mix


Conclusion