Financial Systems, Markets and Institutional Changes (Palgrave MacMillan Studies in Banking and Financial Institutions) (Hardcover)

Financial Systems, Markets and Institutional Changes (Palgrave MacMillan Studies in Banking and Financial Institutions) Cover Image
By T. Lindblom (Editor), S. Sjogren (Editor), M. Willesson (Editor)
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Description


Financial Systems, Markets and Institutional Changes analyses and exemplifies how the financial system endogenously adjusts to institutional changes such as new technology, political tendencies, cultural differences, new business models, and government interactions. It puts particular emphasis on how different institutional settings affect firms' borrowing and how the financial crisis affected the relationship between borrowing firms and lending banks. It further increases our understanding of how efficient financial markets are formed, by addressing issues related to the globalization of the financial market, questioning whether the EMU, with its regional imbalances, is an optimal currency union, and putting new requirements on an international lender of last resort. Recent technology developments, with high frequency trading, and the increased existence of Islamic banking are two further examples of institutional changes that form new actors and new markets.


Product Details
ISBN: 9781137413581
ISBN-10: 1137413581
Publisher: Palgrave MacMillan
Publication Date: July 25th, 2014
Pages: 232
Language: English
Series: Palgrave MacMillan Studies in Banking and Financial Institutions