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Reforming Financial Systems : Historical Implications for Policy - Gerard Caprio, Jr.

Reforming Financial Systems

Historical Implications for Policy

By: Gerard Caprio, Jr. (Editor), Dimitri Vittas (Editor)

Hardcover Published: 13th June 1997
ISBN: 9780521581158
Number Of Pages: 236

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This volume summarizes the key lessons of financial history for emerging market and developing economies, mostly drawn from when OECD economies themselves were industrializing and did not possess the checks, balances, and supervisory capabilities they have today. The topics include the role of central banks, debates on how to make banking secure and sound, the relative efficiency of universal banking (compared with the Anglo-American commercial banking model), and the role of savings banks, nonbanks, and securities markets in development.

Advance praise: 'What a good idea to assemble a group of top financial historians and ask them to review the origins of the institutions of banking and financial policy. This excellent collection is perfectly designed for the many reflective policymakers now seeking to reform their financial systems. The authoritative treatment extends not only to commercial and central banking, but also to thrift institutions, pensions and securities markets. The authors describe both how the large degree of consensus emerged and the vigorous debates that remain: deposit insurance vs. 'depositor beware' and universal banking vs. market segmentation.' Patrick Honohan, Economic and Social Research Institute, Dublin Advance praise: 'Reforming Financial Systems by Gerard Caprio and Dimitri Vittas is an extraordinary compendium of different historical experiences with the development and regulation of the financial system. It genuinely delivers on the promise of one of its chapter titles: it provides important lessons from the past for present-day financial reforms.' Bruce Smith, University of Texas, Austin

List of contributors
Financial history: lessons of the past for reformers of the present
The evolution of central banking
Free banking: the Scottish experience as a model for emerging economies
Regulation and bank stability: Canada and the United States, 1870-1980
Deposit insurance
Contingent liability in banking: useful policy for developing countries?
Universal banking and the financing of industrial development
Before main banks: a selective historical overview of Japan's prewar financial system
Thrift deposit institutions in Europe and the United States
The development of industrial pensions in the United States during the twentieth century
The rise of securities markets: what can government do?
Index
Table of Contents provided by Publisher. All Rights Reserved.

ISBN: 9780521581158
ISBN-10: 052158115X
Audience: Professional
Format: Hardcover
Language: English
Number Of Pages: 236
Published: 13th June 1997
Publisher: Cambridge University Press
Country of Publication: GB
Dimensions (cm): 22.8 x 15.2  x 1.4
Weight (kg): 0.49

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