Overview

GLOBAL FINANCIAL DEREGULATION Deregulation, globalization, and financial innovation are transforming financial markets and banking systems around the world. Global Financial Deregulation provides an indepth description of the banking systems of seven industrialized countries, the trends and developments affecting them, and the implications for the future of commercial banking. The first part examines the structure and function of the financial markets and banking systems of the US, Canada, the UK, Japan, Switzerland, Germany, and France. The regulatory environment, international involvement, accounting, and tax treatment of the banking industry is described, as well as the effects of securitization, increased competition, deregulation, and globalization. Swary and Topf analyse the impact of these developments on bank performance, focusing on indicators such as net interest spread, non-interest income, doubtful loans, and capital adequacy. The second part analyses the major trends that are reshaping financial markets, and their implications for commercial banking. Against the background of securitization and financial innovation, the convergence of capital adequacy requirements, and the single European market, the critical issues facing banking are examined: deregulation and increased competition restructuring of the banking industry bank expansion into securities markets the future of international banking the outlook for commercial banks

Full Product Details

Author:   Itzhak Swary ,  Barry Topf
Publisher:   John Wiley and Sons Ltd
Imprint:   Wiley-Blackwell
Dimensions:   Width: 16.10cm , Height: 4.20cm , Length: 23.70cm
Weight:   0.879kg
ISBN:  

9780631181880

ISBN 10:   0631181881
Pages:   520
Publication Date:   10 January 1992
Audience:   College/higher education ,  Professional and scholarly ,  Undergraduate ,  Postgraduate, Research & Scholarly
Format:   Hardback
Publisher's Status:   Active
Availability:   Out of stock  
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Table of Contents

Overview; Switzerland; The Federal Republic of Germany; France; The United Kingdom; Japan; Canada; The United States; securitization and financial innovation; non-banking activities of banking organizations; the international convergence of capital adequacy requirements; the 1992 single European market in financial services; trends and developments; concluding remarks.

Reviews

Global Financial Deregulation is a significant contribution to our understanding of the fast changing character of modern banking. Practitioners, teachers and students will greatly benefit from this important book. Jacob A Frenkel, Governor Bank of Israel, formerly Economic Counsellor and Director of Research, International Monetary Fund <!----end----> The astute banker will seek out all available resources for building the reservoir of knowledge so essential in the development and ultimate success of his bank. Global Financial Deregulation is an essential and up--to--the--moment addition to the bankera s library. It provides a global perspective on the arena in which international bankers will be performing for perhaps the next half--century. Jeffrey C Keil, President, Republic New York Corporation Global financial Deregulation provides a lucid and stimulating analysis of recent developments in commercial banking, as well as new and penetrating insights into the future of banking. Coverage of the current state of banking makes it especially timely and relevant. Moshe Sanbar, Chairman, Bank Leumi Le Israel, Former Governor, Bank of Israel

Author Information

Itzhak Swary is Associate Professor of finance, banking, and accounting at Tel Aviv University, and Visiting Professor at the Stern School of Business, New York University. Professor Swary is the Director of the Joseph Kasierer Institute for Research in Accounting and his research in banking, dividend policy and corporate bankruptcy has been widely published in leading journals of banking and finance. Barry Topf is the Chief Foreign Exchange and Investment Officer of the Bank of Israel. His fourteen years of experience in international finance include both extensive research into a variety of issues as well as nine years of active involvement in international banking and financial markets and international portfolio management. The research which produced this book was supported by the Israeli International Institute for Applied Economic Policy Review (31). The Institute was founded in 1987, and is an independent non-profit organization, whose goal is to conduct policy-oriented research on issues of concern to the Israeli economy and the international economic arena. 3I’s research and seminars with leading members of government and the business community have resulted in policy recommendations in areas such as foreign aid, privatization, bank-share sales to the public, immigration absorption, foreign investment, and fiscal and exchange-rate policy.

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