Creating an Efficient Financial System
  • Author : Thorsten Beck
  • Release Date : 27 June 2022
  • Publisher : World Bank Publications
  • Genre : Capital market
  • Pages : 43
  • ISBN 13 :

Download Creating an Efficient Financial System eBook in PDF, Epub and Kindle

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.

Creating an Efficient Financial System

Creating an Efficient Financial System

Author : Thorsten Beck
Publisher : World Bank Publications
Genre : Capital market
Get Book

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 ...

Creating an Efficient Financial System

Creating an Efficient Financial System

Author : Thorsten Beck
Publisher : Unknown
Genre : Uncategorized
Get Book

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 ...

Creating a More Efficient Financial System

Creating a More Efficient Financial System

Author : Thorsten Beck,Mohammad Habibur Rahman
Publisher : World Bank Publications
Genre : Banks and banking
Get Book

"While Bangladesh has embarked on a path to reform its financial system, most prominently by privatizing its government-owned banks, the Nationalized Commercial Banks (NCBs), a sustainable long-term expansion of the financial system requires a more substantial change in the role of government. Using recent research and international comparisons, this paper ...

Financial Market Regulation and Reforms in Emerging Markets

Financial Market Regulation and Reforms in Emerging Markets

Author : Masahiro Kawai,Eswar S. Prasad
Publisher : Brookings Institution Press
Genre : Business & Economics
Get Book

The rapid spread and far-reaching impact of the global financial crisis have highlighted the need for strengthening financial systems in advanced economies and emerging markets. Emerging markets face particular challenges in developing their nascent financial systems and making them resilient to domestic and external shocks. Financial reforms are critical to ...

Creating a More Efficient Financial System

Creating a More Efficient Financial System

Author : Thorsten Beck
Publisher : Unknown
Genre : Banks and banking
Get Book

"While Bangladesh has embarked on a path to reform its financial system, most prominently by privatizing its government-owned banks, the Nationalized Commercial Banks (NCBs), a sustainable long-term expansion of the financial system requires a more substantial change in the role of government. Using recent research and international comparisons, this paper ...

Creating a More Efficient Financial System

Creating a More Efficient Financial System

Author : Thorsten Beck
Publisher : Unknown
Genre : Uncategorized
Get Book

While Bangladesh has embarked on a path to reform its financial system, most prominently by privatizing its government-owned banks, the Nationalized Commercial Banks (NCBs), a sustainable long-term expansion of the financial system requires a more substantial change in the role of government. Using recent research and international comparisons, this paper ...

The Regulatory Responses to the Global Financial Crisis  Some Uncomfortable Questions

The Regulatory Responses to the Global Financial Crisis Some Uncomfortable Questions

Author : Stijn Claessens,Ms. Laura E. Kodres
Publisher : International Monetary Fund
Genre : Business & Economics
Get Book

We identify current challenges for creating stable, yet efficient financial systems using lessons from recent and past crises. Reforms need to start from three tenets: adopting a system-wide perspective explicitly aimed at addressing market failures; understanding and incorporating into regulations agents’ incentives so as to align them better with societies’ ...

The Stability of Islamic Finance

The Stability of Islamic Finance

Author : Hossein Askari,Zamir Iqbal,Noureddine Krichenne,Abbas Mirakhor
Publisher : John Wiley & Sons
Genre : Business & Economics
Get Book

The Stability of Islamic Finance main focus is on thequestion of the sources of financial instability which seemsinherent in the conventional system. As a core component of thisfocus, the book will consider episodes of turbulence andinstability in a historical context recalling the occurrence ofsuch events from mid-19th century to ...

Creating a More Efficient Financial System

Creating a More Efficient Financial System

Author : Thorsten Beck,Md. Habibur Rahman
Publisher : Unknown
Genre : Uncategorized
Get Book

While Bangladesh has embarked on a path to reform its financial system, most prominently by privatizing its government-owned banks, the Nationalized Commercial Banks (NCBs), a sustainable long-term expansion of the financial system requires a more substantial change in the role of government. Using recent research and international comparisons, this paper ...

Finance and Economic Development

Finance and Economic Development

Author : Asl? Demirgüç-Kunt
Publisher : World Bank Publications
Genre : Desarrollo economico
Get Book

" The empirical literature on finance and development suggests that countries with better developed financial systems experience faster economic growth. Financial development-as captured by size, depth, efficiency, and reach of financial systems-varies sharply around the world, with large differences among countries at similar levels of income. This paper argues that governments ...

The Financial Crisis Inquiry Report

The Financial Crisis Inquiry Report

Author : Financial Crisis Inquiry Commission
Publisher : Cosimo, Inc.
Genre : Political Science
Get Book

The Financial Crisis Inquiry Report, published by the U.S. Government and the Financial Crisis Inquiry Commission in early 2011, is the official government report on the United States financial collapse and the review of major financial institutions that bankrupted and failed, or would have without help from the government. The ...

Stability of the Financial System

Stability of the Financial System

Author : Andreas R. Dombret,Otto Lucius
Publisher : Edward Elgar Publishing
Genre : Business & Economics
Get Book

ÔFinancial stability is necessary. To achieve this common target an on-going dialogue is required between industry, policymakers, academia and other relevant stakeholders. This book provides a welcome and refreshing perspective from different standpoints on the issues at stake, and reminds us of the remaining work ahead.Õ Ð Axel Weber, Chair of ...

Financial Sector Governance

Financial Sector Governance

Author : Robert E. Litan,Michael Pomerleano,Vasudevan Sundararajan
Publisher : Brookings Institution Press
Genre : Political Science
Get Book

A financial system is only as strong as the governing practices and institutions of its participants. The challenge to build efficient and accountable financial institutions that promote confidence is a problem that private financial sector executives and policymakers confront together. In this context, Financial Sector Governance takes a clinical approach ...