Financial And Economic Systems: Transformations And New Challenges
Financial And Economic Systems: Transformations And New Challenges

Author: Zied Ftiti

Publisher: World Scientific

Published: 2021-03-22

Total Pages: 609

ISBN-13: 1786349515

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In the last twenty years, several periods of turmoil have shaped the financial and economic system. Many regulatory policies, such as Basel III, have been introduced to overcome further crises and scandals. In addition, monetary policy has experienced a transition from conventional to unconventional frameworks in most industrialized and emerging economies. For instance, turning to hedge and diversification of portfolios, commodities markets have attracted increasing interest. More recently, new forms of money have been introduced, such as virtual money. These changes have influenced governance features at both macro and micro levels. Therefore, calls for ethical and sustainable standards in financial and economic spheres have been growing since 2007.Financial and Economic Systems: Transformations and New Challenges provides readers with insights about future transformations and challenges for financial and economic systems. Prominent contributors focus on different aspects, providing a global overview of crisis implications. The book is split into four main areas: Changes in the Real Sphere, covering issues related to yields, risk, unconventional monetary policy, and macroprudential policy; Financial Markets and Macroeconomics, covering uncertainty in finance and economics; CSR, Sustainability and Ethical Finance, highlighting the emergence of corporate social responsibility; and Digitalization, Blockchain and FinTech and the consequences of these transformations on markets and economic systems.

The Financial System and the Economy
The Financial System and the Economy

Author: Maureen Burton

Publisher: M.E. Sharpe

Published:

Total Pages: 712

ISBN-13: 0765628058

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The new edition of this classic text is designed for an undergraduate one semester or quarter course in money and banking. Written in an informal, engaging style, with minimal math requirements, it gives students a unique understanding of the dynamic and evolving nature of the financial system and how it relates to the aggregate economy. "The Financial System and the Economy" incorporates numerous current, real-world examples - including the subprime lending crisis and the Fed's response. It emphasizes the effects of structural change, globalization, financial innovation, and technology on the financial environment. An online Instructor's Manual with Test Bank is available for instructors who adopt the text.

Creating an Efficient Financial System
Creating an Efficient Financial System

Author: Thorsten Beck

Publisher: World Bank Publications

Published: 2006

Total Pages: 43

ISBN-13:

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Financial sector development fosters economic growth and reduces poverty by widening and broadening access to finance and allocating society's savings more efficiently. The author first discusses three pillars on which sound and efficient financial systems are built: macroeconomic stability and effective and reliable contractual and informational frameworks. He then describes three different approaches to government involvement in the financial sector: the laissez-faire view, the market-failure view and the market-enabling view. Finally, the author analyzes the sequencing of financial sector reforms and discusses the benefits and challenges that emerging markets face when opening their financial systems to international capital markets.

Financial Systems and Economic Growth
Financial Systems and Economic Growth

Author: Peter L. Rousseau

Publisher: Cambridge University Press

Published: 2017-09

Total Pages: 309

ISBN-13: 1107141095

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This volume presents essays that take a historical look at aspects of the finance-growth nexus.

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

Author: Richard Sylla

Publisher: Cambridge University Press

Published: 2007-07-19

Total Pages: 312

ISBN-13: 9780521037983

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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.

Comparing Financial Systems
Comparing Financial Systems

Author: Franklin Allen

Publisher: MIT Press

Published: 2000

Total Pages: 524

ISBN-13: 9780262011778

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Why do different countries have such different financial systems? Is one system better than the other? This text argues that the view that market-based systems are best is simplistic, and suggests that a more nuanced approach is necessary.

Designing Financial Systems in Transition Economies
Designing Financial Systems in Transition Economies

Author: Anna Meyendorff

Publisher: MIT Press

Published: 2002

Total Pages: 340

ISBN-13: 9780262133913

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This collection examines the design of financial systems for central and eastern European countries engaged in the transition to market-based economies. It highlights the need for better approaches to measuring performance and providing incentives in banking and for financial mechanisms to encourage private-sector growth. Written by leading European and North American scholars, the essays apply modern finance theory and empirical data to the development of new financial sectors.

Finance, Society and Sustainability
Finance, Society and Sustainability

Author: Nick Silver

Publisher: Springer

Published: 2017-08-10

Total Pages: 310

ISBN-13: 1137560614

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This book is a critical analysis of the impact of the financial system on the economy, society and the natural environment. It cuts through the noise to looks at its purpose, its activities, and what it does in practice. Unlike other books that cover the last financial crisis and the risk of another one; this book is about the consequence of the financial system continuing in its current form. It argues that the financial system is a construct of flawed economic theories, designed in the hope that the market will efficiently allocate society’s capital. Instead, the finance sector allocates savings and investment to maximize its own revenues, with resulting collateral damage to the economy, society and the environment. Although governments try to preserve and regulate the existing system, it is being replaced by a new system driven by technological innovation. The book describes the opportunities this presents for a renaissance of the financial system to actually meet the needs of society, and to re-engineer our economy to avoid environmental crisis. The book is for anyone who would like to understand the finance system’s purpose, what it does in practice and its impact on the real world. For those working in the industry it provides an overview of the system, their place within it, and how to bring about change. For students and academics it provides a valuable critique of the financial system, and the theories on which it is based. For financial policymakers and regulators it identifies key challenges in their activities.