附註:Includes bibliographical references and index.
I. Setting the Stage -- 1. Comparing Financial Systems -- 2. The Historical Development of Financial Systems -- 3. Institutions and Markets -- 4. Corporate Governance -- 5. The Limitations of Markets: The Classical View -- II. Competition Versus Insurance -- 6. Intertemporal Smoothing -- 7. Information and Resource Allocation -- 8. Competition in Banking -- 9. Financial Crises -- 10. Renegotiation and Relationships -- III. The Role of the Firm -- 11. Autonomous, Self-Financing Firms -- 12. Objectives of Firms -- IV. Markets and Intermediaries -- 13. Diversity of Opinion and Resource Allocation -- 14. Costly Markets -- 15. Relationships and Risk Sharing -- 16. Afterword.
摘要:Why do different countries have such different financial systems? Is one system better than the other? This text argues that the view that market-based systems are best is simplistic, and suggests that a more nuanced approach is necessary.
