Financial Modernization and Regulation
Financial Modernization and Regulation

Author: Robert A. Eisenbeis

Publisher: Springer Science & Business Media

Published: 2013-11-27

Total Pages: 221

ISBN-13: 1475752288

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Financial systems around the world are undergoing a process of modernization due to many different forces. Advances in information technology, product and market innovations, and recent regional financial crises have contributed to this movement. As a result, evolution in the financial sector is leading to larger, more complex financial organizations that render inadequate the supervisory and regulatory structures currently in place. While some changes in regulatory policies have already occurred, the adaptation of supervisory oversight and regulation in the face of these new developments is expected to continue for many years to come. This book collects papers originally presented in September 1998 at the Financial Modernization and Regulation Conference co-sponsored by the Federal Reserve Banks of Atlanta and San Francisco. Revised before publication, the papers seek to identify the reasons for changes in the financial services sector, and the implications these changes pose for financial supervision and regulation. Taken together, the papers offer valuable insights on 1) the forces behind financial modernization; 2) the implications financial modernization poses for corporate structure, market discipline, and financial regulation; 3) how to price deposit insurance accurately to reflect banks' risk-taking; and 4) balancing private versus public interests and managing potentially conflicting public policy goals.

The State, the Financial System and Economic Modernization
The State, the Financial System and Economic Modernization

Author: Richard Sylla

Publisher: Cambridge University Press

Published: 1999-03-04

Total Pages: 310

ISBN-13: 9780521591232

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By looking at a wide range of industrialized economies, including England, Belgium, Spain, Italy, Argentina, the United States, and "late developers" such as Russia, this book aims to show how important the state was in the development of financial systems. It examines the various factors that contributed to the emergence of diverse financial systems, and through comparative historical analysis draws together general themes, such as the inter-country differences in the mix of public and private finance, to produce a book that makes an unique contribution to financial and economic history.

Modernization and Postmodernization
Modernization and Postmodernization

Author: Ronald Inglehart

Publisher: Princeton University Press

Published: 1997-05-25

Total Pages: 468

ISBN-13: 9780691011806

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To demonstrate the powerful links between belief systems and political and socioeconomic variables, this book draws on the World Values Surveys, a unique database that looks at the impact of mass publics on political and social life.

Finance and Modernization
Finance and Modernization

Author: Gerald D. Feldman

Publisher: Taylor & Francis

Published: 2016-12-05

Total Pages: 319

ISBN-13: 1351936506

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Finance and Modernization centres on a set of historical developments and problems typified by the long history of the Österreichische Creditanstalt and its successor organizations, and opens the way to compare and contrast experiences throughout Central and Western Europe and also on other continents. The structure of this volume reflects the changing role and nature of banks as economies become industrialized and modernized. Although banks adapt to the needs of an industrializing economy, at the same time, industrialization influences the manner in which banking systems grow and the structures which they adopt. Beginning with studies of the Austrian banks, their development and their crises, the volume then moves on to look at case studies of important aspects of financial activity - German stock markets, railroad investment, and information networks. This is followed by a section on country studies of banking modernization in Sweden, the Netherlands and Greece. Finally, the collection concludes with two chapters, one on banking in China and the other on banking in India, certainly both of intrinsic interest and of importance in an era of globalization. Professor Teichova, one of the great scholars in the field, concludes with reflections on the individual contributions and the general problems addressed in this book.

Finance and Modernization
Finance and Modernization

Author: Gerald D. Feldman

Publisher: Ashgate Publishing, Ltd.

Published: 2008

Total Pages: 332

ISBN-13: 9780754662716

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This volume is based on papers given at the 2005 conference of the European Association for Banking and Financial History in Vienna, hosted by the Bank Austria Creditanstalt, successor institution to the Österreichische Creditanstalt. The theme of the con

Financial modernization act of 1988
Financial modernization act of 1988

Author: Timothy J. Yeager

Publisher:

Published: 2005

Total Pages: 34

ISBN-13:

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The Gramm-Leach-Bliley Act (GLBA) removed the barriers that separated commercial banking from investment banking, merchant banking, and insurance activities. Did this legislation revolutionize the financial services industry by allowing Financial Holding Companies (FHCs) to exploit revenue efficiencies and cost economies, or did it merely formalize an evolutionary process of deregulation that was already well underway? Our evidence refutes the notion that the GLBA was a revolutionary event, at least in the short run. Using a combination of market and accounting data, we find that, to date, FHC status has had little effect on bank performance. We do find, however, limited evidence that FHCs that were Section 20 affiliates before passage of the GLBA were able to further exploit the synergies between investment banking and commercial banking.