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For over a century, economists and policy makers have debated the relative merits of bank-based versus market …-based financial systems. Recent research, however, argues that classifying countries as bank-based or market is not a very fruitful … robustly linked with economic growth, there is no support for either the bank-based or market-based view …
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The origins of money and banking are explained in nearly every introduction money and banking course, but Wray proposes an alternative approach that emerges from a comparative analysis of economic institutions. Orthodox theory suggests that barter replaced self-sufficiency and increased...
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deepening integration of China into global financial markets and its move from an indirect bank-based system towards a direct … academics, consultants and students working in banking and finance, international financial markets, comparative economics …, Finance and Business Research at the International Business program of The Hague University of Applied Sciences in the …
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millennia, and around the world, Goetzmann details how wondrous financial technologies and institutions—money, bonds, banks …"[A] magnificent history of money and finance."--New York Times Book Review“Convincingly makes the case that finance is … a change-maker of change-makers.”--Financial TimesIn the aftermath of recent financial crises, it's easy to see finance …
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