The emphasis of this book is on understanding special characteristics of the financial systems of emerging markets, where the existence of market imperfections such as asymmetric information, adverse selection and moral hazard can cause financial market failures. Considering the Thai stock...

Interest in the Latin American emerging markets (LAEM) has increased considerably in recent years. It is often claimed that they have to pay a price for being too different from developed markets, i.e. for having weak institutions, failed macroeconomic programs, political instability, poor...

Bei der Einführung innovativer Kommunikationsdienste stehen Anbieter vor der Aufgabe, einen Markt zu schaffen, denn Nachfrager sind erst dann bereit, in die Kommunikationstechnologie zu investieren, wenn eine zufrieden stellende Teilnehmerzahl erreicht wird. Der Aufbau positiver Erwartungen...

1. Research Questions -- 2. Theoretical discussion -- 3. Global Challenges in Telecommunication -- 4. Overview of the Korean Response: From Monopolies to Liberalization -- 5. The Emergence of Centralized Governance in the Korean Mobile Market -- 6. The Emergence of Flexible Governance under the...

An account of the principal phases in the development of the English banking system, and an analysis of the financial structure of the economy of the UK. The book focuses in detail on the regulatory and supervisory aspects of the UK banking system, and the interactions between the structural...

This book explores the drivers of technological upgrading and catch-up in the emerging economies, paying specific attention to technology and innovation policies, national innovation systems, the role of foreign direct investment and small and medium enterprises. It provides practical...

This book provides a historical evaluation of banking reforms and structural changes in India over the past 25 years. Chapters cover issues in consolidation and restructuring, competition and concentration, performance evaluation in terms of cost efficiency and productivity, profitability,...

Die Gestaltung konzerninterner Dienstleister orientiert sich zunehmend an marktlichen Steuerungsmechanismen, um die Wettbewerbsfähigkeit dieser marktfernen Unternehmenseinheiten zu steigern. Julia Pahl-Schönbein erklärt die Problematik des Zusammenspiels aus marktlichen und hierarchischen...