Articles liés à Comparing Financial Systems
Synopsis
The authors argue that the view that market-based systems are best is simplistic; a more nuanced approach is necessary.
Financial systems are crucial to the allocation of resources in a modern economy. They channel household savings to the corporate sector and allocate investment funds among firms; they allow intertemporal smoothing of consumption by households and expenditures by firms; and they enable households and firms to share risks. These functions are common to the financial systems of most developed economies. Yet the form of these financial systems varies widely. In the United States and the United Kingdom competitive markets dominate the financial landscape, whereas in France, Germany, and Japan banks have traditionally played the most important role.
Why do different countries have such different financial systems? Is one system better than all the others? Do different systems merely represent alternative ways of satisfying similar needs? Is the current trend toward market-based systems desirable? Franklin Allen and Douglas Gale argue that the view that market-based systems are best is simplistic. A more nuanced approach is necessary. For example, financial markets may be bad for risk sharing; competition in banking may be inefficient; financial crises can be good as well as bad; and separation of ownership and control can be optimal. Financial institutions are not simply veils, disguising the allocation mechanism without affecting it, but are crucial to overcoming market imperfections. An optimal financial system relies on both financial markets and financial intermediaries.
Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.
À propos de l?auteur
Franklin Allen is Professor of Finance and Economics and Director of the Brevan Howard Centre at Imperial College, London.
Douglas Gale is Professor of Economics at New York University.
Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.
Acheter neuf
Afficher cet article
EUR 29,70
EUR 25,52 expédition depuis Etats-Unis vers France
Destinations, frais et délais
Résultats de recherche pour Comparing Financial Systems
Image d'archives
Comparing Financial Systems
Edité par
The MIT Press, 2001
ISBN 10 : 0262511258
ISBN 13 : 9780262511254
Ancien ou d'occasion
Couverture souple
Vendeur : Phatpocket Limited, Waltham Abbey, HERTS, Royaume-Uni
Évaluation du vendeur 5 sur 5 étoiles
Etat : Good. Your purchase helps support Sri Lankan Children's Charity 'The Rainbow Centre'. Ex-library, so some stamps and wear, but in good overall condition. May contain underlining and/or highlighting. Our donations to The Rainbow Centre have helped provide an education and a safe haven to hundreds of children who live in appalling conditions. N° de réf. du vendeur Z1-I-001-01803
Quantité disponible : 1 disponible(s)
Image d'archives
Comparing Financial Systems
Edité par
The MIT Press, 2001
ISBN 10 : 0262511258
ISBN 13 : 9780262511254
Ancien ou d'occasion
Couverture souple
Vendeur : Anybook.com, Lincoln, Royaume-Uni
Évaluation du vendeur 5 sur 5 étoiles
Etat : Fair. This is an ex-library book and may have the usual library/used-book markings inside.This book has soft covers. Book contains pencil markings. In fair condition, suitable as a study copy. Please note the Image in this listing is a stock photo and may not match the covers of the actual item,750grams, ISBN:9780262511254. N° de réf. du vendeur 8665628
Quantité disponible : 1 disponible(s)
Image d'archives
Comparing Financial Systems (The MIT Press)
Edité par
MIT Press Ltd, United States, 2001
ISBN 10 : 0262511258
ISBN 13 : 9780262511254
Ancien ou d'occasion
Paperback
Vendeur : WorldofBooks, Goring-By-Sea, WS, Royaume-Uni
Évaluation du vendeur 5 sur 5 étoiles
Paperback. Etat : Very Good. The book has been read, but is in excellent condition. Pages are intact and not marred by notes or highlighting. The spine remains undamaged. N° de réf. du vendeur GOR002013644
Quantité disponible : 1 disponible(s)
Image d'archives
Comparing Financial Systems (The MIT Press)
Edité par
The MIT Press, 2001
ISBN 10 : 0262511258
ISBN 13 : 9780262511254
Ancien ou d'occasion
Couverture souple
Vendeur : Phatpocket Limited, Waltham Abbey, HERTS, Royaume-Uni
Évaluation du vendeur 5 sur 5 étoiles
Etat : Good. Your purchase helps support Sri Lankan Children's Charity 'The Rainbow Centre'. Ex-library, so some stamps and wear, but in good overall condition. Our donations to The Rainbow Centre have helped provide an education and a safe haven to hundreds of children who live in appalling conditions. N° de réf. du vendeur Z1-I-001-01804
Quantité disponible : 2 disponible(s)
Image d'archives
Comparing Financial Systems
Edité par
MIT Press, 2001
ISBN 10 : 0262511258
ISBN 13 : 9780262511254
Ancien ou d'occasion
Paperback
Vendeur : ThriftBooks-Dallas, Dallas, TX, Etats-Unis
Évaluation du vendeur 5 sur 5 étoiles
Paperback. Etat : Very Good. No Jacket. May have limited writing in cover pages. Pages are unmarked. ~ ThriftBooks: Read More, Spend Less 1.55. N° de réf. du vendeur G0262511258I4N00
Quantité disponible : 1 disponible(s)
Image d'archives
Comparing Financial Systems (The MIT Press)
Edité par
The MIT Press, 2001
ISBN 10 : 0262511258
ISBN 13 : 9780262511254
Ancien ou d'occasion
Couverture souple
Vendeur : SecondSale, Montgomery, IL, Etats-Unis
Évaluation du vendeur 4 sur 5 étoiles
Etat : Very Good. Item in very good condition! Textbooks may not include supplemental items i.e. CDs, access codes etc. N° de réf. du vendeur 00076208010
Quantité disponible : 1 disponible(s)
Image d'archives
Comparing Financial Systems
Vendeur : Toscana Books, AUSTIN, TX, Etats-Unis
Évaluation du vendeur 5 sur 5 étoiles
Paperback. Etat : new. Excellent Condition.Excels in customer satisfaction, prompt replies, and quality checks. N° de réf. du vendeur Scanned0262511258
Quantité disponible : 1 disponible(s)
Image d'archives
Comparing Financial Systems (The MIT Press)
Edité par
The MIT Press, 2001
ISBN 10 : 0262511258
ISBN 13 : 9780262511254
Ancien ou d'occasion
Couverture souple
Vendeur : Hawking Books, Edgewood, TX, Etats-Unis
Évaluation du vendeur 5 sur 5 étoiles
Etat : Good. Good Condition. Has a small amount of writing/highlighting. Five star seller - Buy with confidence! N° de réf. du vendeur X0262511258X3
Quantité disponible : 1 disponible(s)
Image fournie par le vendeur
Comparing Financial Systems
Edité par
The MIT Press, 2001
ISBN 10 : 0262511258
ISBN 13 : 9780262511254
Ancien ou d'occasion
Couverture souple
Vendeur : Big River Books, Powder Springs, GA, Etats-Unis
Évaluation du vendeur 5 sur 5 étoiles
Etat : like_new. This book is in Like New condition. It is unused, but has a remainder mark on the edge of the pages. Otherwise it is a new book. N° de réf. du vendeur BRV.0262511258.LN
Quantité disponible : 1 disponible(s)
Image d'archives
Comparing Financial Systems
Vendeur : Revaluation Books, Exeter, Royaume-Uni
Évaluation du vendeur 5 sur 5 étoiles
Paperback. Etat : Brand New. reprint edition. 520 pages. 8.75x5.75x1.00 inches. In Stock. N° de réf. du vendeur 0262511258
Quantité disponible : 1 disponible(s)