E-Book Overview
The basic question of this book is what we can learn from empirical as well as theoretical analysis of financial systems, differing cross-sectional and changing structually over time, with respect to the issue of stability of financial systems. Part I of the book deals with stability issues in a globalizing financial world and addresses topics of convergence, domestic policy, financial bubbles, crises and international coordination. Part II is on banking systems. Country specific adoption and restructuring of (universal but also separation) banking systems are key problems for the industrialized economies, while catching-up is of major concern for the economies in transition. Feeble regional economies and subsidized banking is at the heart of the vivid dispute on public sector banking being taken up in Part III. The last Part is devoted to resource-oriented approaches in quantifiying financial development and risk of sovereign default.
E-Book Content
Financial Structure and Stability
Contributions to Economics Giuseppe Gaburro (Ed.) Ethics and Economics 1997. ISBN 3-7908-0986-1 Frank Hoster/Heinz Welsch/ Christoph Böhringer C 0 Abatement and Economic Structural Change in the European Internal Market 1997. ISBN 3-7908-1020-7 2
Christian M . Hafner Nonlinear Time Series Analysis with Applications to Foreign Exchange Rate Volatility 1997. ISBN 3-7908-1041-X Sardar M . N . Islam Mathematical Economics of Multi-Level Optimisation 1998. ISBN 3-7908-1050-9 Sven-Morten Mentzel Real Exchange Rate Movements 1998. ISBN 3-7908-1081-9
Peter Michaelis/Frank Stähler (Eds.) Recent Policy Issues in Environmental and Resource Economics 1998. ISBN 3-7908-1137-8 Jessica de Wolff The Political Economy of Fiscal Decisions 1998. ISBN 3-7908-1130-0 Georg Bol/Gholamreza Nakhaeizadeh/ Karl-Heinz Vollmer (Eds.) Risk Measurements, Econometrics and Neural Networks 1998. ISBN 3-7908-1152-1 Joachim Winter Investment and Exit Decisions at the Plant Level 1998. ISBN 3-7908-1154-8 Bernd Meyer Intertemporal Asset Pricing 1999. ISBN 3-7908-1159-9 Uwe Walz Dynamics of Regional Integration 1999. ISBN 3-7908-1185-8
Lei Delsen/Eelke de Jong (Eds.) The German and Dutch Economies 1998. ISBN 3-7908-1064-9
Michael Carlberg European Monetary Union 1999. ISBN 3-7908-1191-2
Mark Weder Business Cycle Models with Indeterminacy 1998. ISBN 3-7908-1078-9
Giovanni Galizzi/Luciano Venturini (Eds.) Vertical Relationships and Coordination in the Food System 1999. ISBN 3-7908-1192-0
Tor Rodseth (Ed.) Models for Multispecies Management 1998. ISBN 3-7908-1001-0
Gustav A. Horn/Wolfgang Scheremet/ Rudolf Zwiener Wages and the Euro 1999. ISBN 3-7908-1199-8
Michael Carlberg Intertemporal Macroeconomics 1998. ISBN 3-7908-1096-7
Dirk Wilier The Development of Equity Capital Markets in Transition Economies 1999. ISBN 3-7908-1198-X
Sabine Spangenberg The Institutionalised Transformation of the East German Economy 1998. ISBN 3-7908-1103-3
Karl Matthias Weber Innovation Diffusion and Political Control of Energy Technologies 1999. ISBN 3-7908-1205-6
Hagen Bobzin Indivisibilities 1998. ISBN 3-7908-1123-8
Heike Link et al. The Costs of Road Infrastructure and Congestion in Europe 1999. ISBN 3-7908-1201-3
Helmut Wagner (Ed.) Current Issues in Monetary Economics 1998. ISBN 3-7908-1127-0
Simon Duindam Military Conscription 1999. ISBN 3-7908-1203-X continued on page 250
Alexander Karmann (Editor)
Financial Structure and Stability With 16 Figures and 27 Tables
Springer-Verlag Berlin Heidelberg GmbH
Series Editors Werner A. Müller Martina Bihn Editor Prof. Dr. Alexander Karmann Technische Universität Dresden Fakultät Wirtschaftswissenschaften Lehrstuhl Geld, Kredit und Währung Mommsenstraße 13 01062 Dresden Germany