by Caroline Fohlin (2006)
"Based on a wide array of new data collected by the author, the book uses clear, theoretically motivated economic analysis to explain the structure, performance, and influence of universal banks and securities markets on firms during industrialization. The German universal banks played a significant but not overwhelming role in the ownership and control of corporate firms. Banks gained access to boards via a confluence of their underwriting and brokerage activities, the legal phenomena of bearer shares and deposited voting rights, and the flourishing securities markets of the turn of the twentieth century. In general, bank relationships had little impact on firm performance; stock market listings or ownership structure was more important. The findings show that securities markets can thrive within a civil-law universal-bank system and suggest that financial system complexity can favor rapid industrial expansion."--Jacket.
Hal S. Scott, Philip A. Wellons
Written from the viewpoint of practitioners in law and finance, it provides an in-depth guide to the law and regulation of offshore markets and the international aspects of major financial markets in the USA, the EU, Japan and elsewhere. It discusses all issues bearing on the subject - law, regulation and government policy - and dealing with regulation of the banking, securities, derivatives and foreign exchange sectors.
Ned Dobos, Christian Barry, Thomas Pogge
The Global Financial Crisis is acknowledged to be the most severe economic downturn since the 1930s, and one that is unique in its underlying causes, its scope, and its wider social, political and economic implications. This volume explores some of the ethical issues that it has raised.
Sebastian Dullien
"Sebastian Dullien gives a explanation for unemployment and inflation in the Euro-Zone. He argues that unemployment stems from a lack of cooperation between unions and monetary authorities. In an economy with endogenous money and monopolistic competition in good markets, the standard economic textbooks' distribution of macroeconomic responsibilities are turned upside down - wage setters are now responsible for price stability while the European Central Bank is responsible for level of output." "Only unions with a small and limited constituency can increase employment by simple wage restraint. However, this is shown to be a beggar-thy-neighbour policy, destroying employment elsewhere. On a European level, only when unions and the central bank cooperate can high employment and low inflation be achieved simultaneously. The institutional set-up with the 1999 Cologne process is found to be unable to assure such a cooperation."--BOOK JACKET.
K. S. Hasan
This book, one of a series of guides to foreign banking systems, has been produced to present a concise account of the banking system currently operating in India, a two-tier system that has evolved from the joint influences of the traditional and English patterns. It is based on a German text written by Dr. Khaja Shoeb Hasan and translated in English by Roy North. It commences with an outline of the origins and develolpment of the Indian banking system and describes its economic background, legal framework and particular features. The Reserve Bank of India, its functions and its central role in controlling the financial and credit sectors is described, as are the functions of the commercial banks and their nationalisation. The various credit institutions concerned with raising finance for agriculture and industry are also discussed. Official statistics including those of the Reserve Bank of India have been culled from primary sources and are extensively quoted throughout the book.