Creating an Efficient Financial System

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  • Creating an Efficient Financial System Book Detail

  • Author : Thorsten Beck
  • Release Date : 2006
  • Publisher : World Bank Publications
  • Genre : Capital market
  • Pages : 43
  • ISBN 13 :
  • File Size : 24,24 MB

Creating an Efficient Financial System by Thorsten Beck PDF Summary

Book Description: 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.

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Creating an Efficient Financial System

Creating an Efficient Financial System

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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 effi

Creating an Efficient Financial System

Creating an Efficient Financial System

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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 effi

Creating a More Efficient Financial System

Creating a More Efficient Financial System

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"While Bangladesh has embarked on a path to reform its financial system, most prominently by privatizing its government-owned banks, the Nationalized Commercial

Creating a Safer Financial System

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The U.S., the U.K., and more recently, the E.U., have proposed policy measures directly targeting complexity and business structures of banks. Unlike other, pri

Creating a More Efficient Financial System

Creating a More Efficient Financial System

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While Bangladesh has embarked on a path to reform its financial system, most prominently by privatizing its government-owned banks, the Nationalized Commercial