The New Finance is popular PDF and ePub book, written by Franklin R. Edwards in 1996, it is a fantastic choice for those who relish reading online the Business & Economics genre. Let's immerse ourselves in this engaging Business & Economics book by exploring the summary and details provided below. Remember, The New Finance can be Read Online from any device for your convenience.
The New Finance Book PDF Summary
Dramatic changes in information and telecommunications technologies have transformed U.S. financial markets in the 1980s and 1990s. This book examines the growth of mutual funds and derivatives markets and the decline of banks and explores implications of those developments for financial stability and regulatory policy. One of the book's central conclusions is that the current system of bank regulation is out of step with today's financial realities and needs to be substantially changed. Franklin Edwards asserts that the best way to increase the freedom of financial institutions to compete while making the financial system less vulnerable to excessive risk-taking by individual financial institutions is to adopt a system of collateralized banking. He shows how adopting such a system will result in a more stable financial system, both by reducing our reliance on government to maintain financial soundness and by enhancing the effectiveness of private markets in controlling institutional risk taking.
Detail Book of The New Finance PDF
- Author : Franklin R. Edwards
- Release : 22 September 1996
- Publisher : American Enterprise Institute
- ISBN : 0844739898
- Genre : Business & Economics
- Total Page : 256 pages
- Language : English
- PDF File Size : 19,7 Mb
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