Reforming Financial Systems: Historical Implications for Policy
Gerard Caprio, Jr., Dimitri Vittas
Cambridge University Press, Jan 25, 2007 - Business & Economics - 236 pages
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.
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Lessons of the past for reformers of the present
2 The evolution of central banking
The Scottish experience as a model for emerging economies
Canada and the United States 18701980
5 Deposit insurance
Useful policy for developing countries?
7 Universal banking and the financing of industrial development
A selective historical overview of Japans prewar financial system
9 Thrift deposit institutions in Europe and the United States
10 The development of industrial pensions in the United States during the twentieth century Samuel H Williamson
What can government do? Richard Sylla
Other editions - View all
assets Bank of England bank runs bankers banking system beneﬁts bonds Bordo branch branch banking building societies Calomiris Canada Canadian banks Capie capital markets central bank charter commercial banks companies competition corporate costs created credit cooperatives credit unions currency debt deﬁned deposit insurance depositors developing countries difﬁcult diversiﬁcation double liability efﬁcient emerging employers equity established failure federal ﬁnancial markets ﬁnancial system ﬁrms ﬁrst ﬁscal free banking funds Germany govemment growth Hamilton important incentives industrial inﬂation inﬂuence intemal interest investment issue Japan Kroszner lender of last lending lessons limited monetary moral hazard national banks nineteenth century ofﬁce operations option clause pension percent period plans problems Prof proﬁtable public ﬁnances ratios regulation role savings and loan Scottish sector securities markets seigniorage stability Sylla thrift deposit institutions transitional economies U.S. banking unit banking United Kingdom universal banking unlimited liability workers World Bank zaibatsu