Bank-Industry versus Stock Market-Industry Relationships

Bank-Industry versus Stock Market-Industry Relationships

Author: José L. García-Ruiz

Publisher: Taylor & Francis

Published: 2023-03-31

Total Pages: 144

ISBN-13: 1000849902

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This book focuses on a variety of themes concerning the relationship between financial systems in a broader sense and firms’ growth in historical perspective in some European countries. Financial systems are nowadays largely acknowledged to be a crucial element in determining economic growth. In modern economies, they play a key role by mobilizing savings, pricing risks and allocating capital to firms. Following a consolidated taxonomy focusing on the historical perspective, countries have been conventionally divided into bank-oriented (Continental Europe countries and Japan) and market-oriented systems (Anglo-Saxon countries). The chapters in this book present case studies on Belgium, Great Britain, France and Italy and show that financial systems do not trigger growth processes and industrialization, but they are essential to sustain them over time. Each society has the financial system that fits with its historical trajectory, without any being better or worse than others. The important thing is to have a financial system that is sophisticated and stable, and that evolves according to the demand forces of the moment. History matters. Bank-Industry versus Stock Market-Industry Relationships will be a beneficial read for students interested in economics and business history. The chapters in this book were originally published as a special issue of Business History.


Bank-Industry versus Stock Market-Industry Relationships

Bank-Industry versus Stock Market-Industry Relationships

Author: José L. García-Ruiz

Publisher: Taylor & Francis

Published: 2023-03-31

Total Pages: 180

ISBN-13: 1000850013

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This book focuses on a variety of themes concerning the relationship between financial systems in a broader sense and firms’ growth in historical perspective in some European countries. Financial systems are nowadays largely acknowledged to be a crucial element in determining economic growth. In modern economies, they play a key role by mobilizing savings, pricing risks and allocating capital to firms. Following a consolidated taxonomy focusing on the historical perspective, countries have been conventionally divided into bank-oriented (Continental Europe countries and Japan) and market-oriented systems (Anglo-Saxon countries). The chapters in this book present case studies on Belgium, Great Britain, France and Italy and show that financial systems do not trigger growth processes and industrialization, but they are essential to sustain them over time. Each society has the financial system that fits with its historical trajectory, without any being better or worse than others. The important thing is to have a financial system that is sophisticated and stable, and that evolves according to the demand forces of the moment. History matters. Bank-Industry versus Stock Market-Industry Relationships will be a beneficial read for students interested in economics and business history. The chapters in this book were originally published as a special issue of Business History.


An Economic History of Europe

An Economic History of Europe

Author: Karl Gunnar Persson

Publisher: Cambridge University Press

Published: 2015-03-12

Total Pages: 317

ISBN-13: 1107095565

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The second edition of a leading textbook on European economic history, updated throughout and with new coverage of post-financial crisis Europe.


Corporate Governance in a Changing Economic and Political Environment

Corporate Governance in a Changing Economic and Political Environment

Author: M. Federowicz

Publisher: Springer

Published: 2003-12-19

Total Pages: 315

ISBN-13: 0230286194

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This collection provides exceptional descriptive and analytical insights into changes in corporate governance settings in ten Eastern and Western European countries. It demonstrates that there exist different varieties of capitalisms and paths to transformation of economic institutions. In addition, it offers detailed discussions about national cases as well as the overall European Union effects. This book should be of great interest to scholars and students of comparative national systems, corporate governance and European studies.


Banking Systems Around the Globe

Banking Systems Around the Globe

Author: James R. Barth

Publisher: World Bank Publications

Published: 2000

Total Pages: 66

ISBN-13:

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Empirical results highlight the downside of imposing certain regulatory restrictions on commercial bank activities. Regulations that restrict banks' ability to engage in securities activities and to own nonfinancial firms are closely associated with more instability in the banking sector, and keeping commercial banks from engaging in investment banking, insurance, and real estate activities does not appear to produce positive benefits.


The Oxford Handbook of Banking and Financial History

The Oxford Handbook of Banking and Financial History

Author: Youssef Cassis

Publisher: Oxford University Press

Published: 2016

Total Pages: 561

ISBN-13: 0199658625

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The financial crisis of 2008 aroused widespread interest in banking and financial history. In an attempt to better understand the magnitude of the shock, there was a demand for historical parallels. This volume provides the material for such a reflection by presenting the state of the art in banking and financial history. Contributions to this volume analyse banking and financial history in a long-term comparative perspective. Lessons drawn from these analyses may well help future generations of policy makers avoid a repeat of the financial turbulence that erupted in 2008.