Handbook of Key Global Financial Markets, Institutions and Infrastructure

  • 24h 25m
  • Gerard Caprio Jr. (ed)
  • Elsevier Science and Technology Books, Inc.
  • 2013

Understanding twenty-first century global financial integration requires a two-part background. The Handbook of Key Global Financial Markets, Institutions, and Infrastructure begins its description of how we created a financially-intergrated world by first examining the history of financial globalization, from Roman practices and Ottoman finance to Chinese standards, the beginnings of corporate practices, and the advent of efforts to safeguard financial stability. It then describes the architecture itself by analyzing its parts, such as markets, institutions, and infrastructure. The contributions of sovereign funds, auditing regulation, loan markets, property rights, compensation practices, Islamic finance, and others to the global architecture are closely examined. For those seeking substantial, authoritative descriptions and summaries, this volume will replace books, journals, and other information sources with a single, easy-to-use reference work.

  • Substantial articles by top scholars sets this volume apart from other information sources
  • Diverse international perspectives result in new opportunities for analysis and research
  • Rapidly developing subjects will interest readers well into the future

About the Editor

Gerard Caprio, Jr. is William Brough Professor of Economics at Williams College and Chair of the Center for Development Economics there. During 18 years at the World Bank, he served as the Director for Financial Sector Policy, and head of financial sector research, working on numerous financial systems on every continent. Jerry has written extensively on financial sector development, financial crises, and financial regulation, including Rethinking Bank Regulation: Till Angels Govern (Cambridge University Press), with James Barth and Ross Levine, and Finance for Growth: Policy Choices for a Volatile World (World Bank and Oxford University Press, with Patrick Honohan). His research at the Bank included starting the first databases on banking crises (in 1995, used by Reinhart and Rogoff in This Time is Different) and financial regulation (1999) around the world, both of which have been updated subsequently. Earlier positions include: Vice President and Head of Global Economics at JP Morgan, and economist at the Federal Reserve Board and the IMF. He has taught at Trinity College Dublin, where he was a Fulbright Scholar, and at George Washington University. Jerry has authored numerous articles, and his tenth book, The Guardians of Finance: Making Regulators Work for Us (MIT Press), with Jim Barth and Ross Levine, is out in February 2012.

In this Book

  • History of Financial Globalization, Overview
  • Banking Fragility, United States, 1790–2009
  • Bretton Woods and Monetary Regimes
  • British Corporate Finance, 1500–1860
  • Chinese Finance, 1348–1700
  • Chinese Money and Monetary System, 1800–2000, Overview
  • Dutch Bank Finance, 1600–1800
  • Dutch Corporate Finance, 1602–1850
  • The Financial Revolution in England
  • Commercial Finance in Europe, 1700–1815
  • Exchanges, Rules Governing
  • French Corporate Finance, 1500–1900
  • Genoese Finance, 1348–1700
  • The Political Economy of Global Financial Liberalization in Historical Perspective
  • Alexander Hamilton
  • Hanseatic Merchants and Credit, 1300–1700
  • John Law and his Experiment with France, 1715–1726
  • Low Countries Finance, 1348–1700
  • Milanese Finance, 1348–1700
  • Finance in the Ottoman Empire, 1453–1854
  • Papal Finance, 1348–1848
  • Precious Metals and Moneys, 1200–1800
  • Rentes and the European ‘Financial Revolution’
  • Ancient Roman Finance
  • Spanish Finance, 1348–1700
  • The Financial Revolution in Sweden, 1650–1900
  • Global Financial Brands and the Underwriting of Foreign Government Debt since 1815
  • Venetian Finance, 1400–1797
  • Wars and the International Trading System, 1900–2000
  • Development of Accounting Standards
  • Contemporary Audit Regulation – Going Global!
  • Justifications for Audits of Financial Statements
  • Global Banks and Financial Intermediaries
  • Corporate Governance
  • Credit Ratings and Credit Rating Agencies
  • Earnings Quality
  • Exchanges
  • Equity Markets
  • Fair Value and Accounting
  • Fair Value Accounting, Disclosure and Financial Stability
  • Investment Banks
  • Overview of Islamic Finance
  • Loan Markets
  • Microfinance—Costs, Lending Rates, and Profitability
  • OTC – Derivative Market
  • Global Payment and Settlement Systems
  • Pension Funds
  • Project and Asset Finance
  • Property Rights in an Era of Global Finance
  • Securities Settlement Systems
  • Securitization and Structured Finance
  • Sovereign Funds
  • Finance