Financial Innovations And Monetary Reform
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Financial Innovations and Monetary Reform
Author | : Jean-François Serval,Jean-Pascal Tranié |
Publsiher | : Springer Nature |
Total Pages | : 212 |
Release | : 2023-01-30 |
Genre | : Business & Economics |
ISBN | : 9783031241895 |
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Written by two leading experts on multinational accounting and billion-dollar international investment funds, this book provides a framework for a global reform of the world monetary system, and defines a decidedly new approach to dealing with public debt mortgage, an issue that we can see in many countries in Europe and around the world. The authors put forward a proposal for transforming sterile financial masses, which are withdrawn from the real economy as they no longer bear interest, into wealth. To facilitate this return to the real economy, the authors propose that a significant share of public debt be converted into net equities in the world of business and goods production in order to find new profitable investment projects. The idea is bold, and the authors strive to demonstrate its technical feasibility. They are convinced that this approach can accompany and enhance a movement that has already begun, namely the implementation of vast national and international investment programs in major infrastructures and research projects in innovative sectors. This work builds on the authors’ two previous books, which focus on the monetary system. The first, published in 2010 and including a foreword by former French Finance Minister Christine Lagarde, analyzes the new virtual dimension of money. The second, published in 2014, puts forward an innovative proposal for a new financial regulation aimed at more stable economies. This third book is intended for professionals in the financial industry, including decision makers at banks, accounting and private equity firms, as well as policymakers at central banks and government institutions involved in the implementation of financial and monetary reforms.
Financial Innovations and Monetary Reform The current model the role of central banks
Author | : Jean-François Serval,Jean-Pascal Tranié |
Publsiher | : Unknown |
Total Pages | : 0 |
Release | : 2023 |
Genre | : Electronic Book |
ISBN | : 3031241908 |
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Money and Debt The Public Role of Banks
Author | : Bart Stellinga,Josta de Hoog,Arthur van Riel,Casper de Vries |
Publsiher | : Springer Nature |
Total Pages | : 257 |
Release | : 2021 |
Genre | : Banks and banking, Central |
ISBN | : 9783030702502 |
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This Open Access book from the Netherlands Scientific Council for Government Policy explains how money creation and banking works, describes the main problems of the current monetary and financial system and discusses several reform options. This book systematically evaluates proposals for fundamental monetary reform, including ideas to separate money and credit by breaking up banks, introducing a central bank digital currency, and introducing public payment banks. By drawing on these plans, the authors suggest several concrete reforms to the current banking system with the aim to ensure that the monetary system remains stable, contributes to the Dutch economy, fairly distributes benefits, costs and risks, and enjoys public legitimacy. This systematic approach, and the accessible way in which the book is written, allows specialized and non-specialised readers to understand the intricacies of money, banking, monetary reform and financial innovation, far beyond the Dutch context [Resumen de la editorial]
Explaining Monetary and Financial Innovation
Author | : Peter Bernholz,Roland Vaubel |
Publsiher | : Springer |
Total Pages | : 366 |
Release | : 2014-06-26 |
Genre | : Business & Economics |
ISBN | : 9783319061092 |
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This book discusses theories of monetary and financial innovation and applies them to key monetary and financial innovations in history – starting with the use of silver bars in Mesopotamia and ending with the emergence of the Eurodollar market in London. The key monetary innovations are coinage (Asia minor, China, India), the payment of interest on loans, the bill of exchange and deposit banking (Venice, Antwerp, Amsterdam, London). The main financial innovation is the emergence of bond markets (also starting in Venice). Episodes of innovation are contrasted with relatively stagnant environments (the Persian Empire, the Roman Empire, the Spanish Empire). The comparisons suggest that small, open and competing jurisdictions have been more innovative than large empires – as has been suggested by David Hume in 1742.
Financial Reforms and Developments in China
Author | : Siwei Cheng |
Publsiher | : World Scientific |
Total Pages | : 616 |
Release | : 2013-11-01 |
Genre | : Business & Economics |
ISBN | : 9789814578691 |
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China has initiated and implemented its economic reforms for over 30 years, however, the comprehensive economic reforms and opening up is still unfolding. The author was a state leader, who has personally engaged in China's economic policy-making process from 1999 to 2008, and is an economist, who has deeply studied and thought over China's financial reform in various aspects. This book summarizes the results of the author's research on China's financial reforms, adopting the fictitious economy theory, in the past 10 years. Financial Reforms and Development in China focuses on the developmental process and main features of the fictitious economy; the essence and the law of the fictitious capital (including credit capital, knowledge capital, social capital, etc.); the relationship between the fictitious economy and the real economy. The book attempts to use the fictitious economy theory to analyze the chaos and self-organization of financial system, financial crisis, inflation and deflation, economic globalization, and knowledge-based economy and society. The book, comprising 12 chapters, covers all the main aspects of China's financial reform and provides readers with a practitioner's reading of China's financial markets, including financial globalization, the financial system and product innovation, financial crisis, financial security, financial regulation, universal banking, capital markets, money market, commercial banks, rural finance, futures markets, foreign exchange markets, financial derivatives, equity markets, insurance and so on. The book is invaluable from the perspectives of its contribution to economic theory, in developing an understanding of the actual workings of China's economic and financial reforms in the past decade, and in forecasting future developments in China's economy and financial markets. It will appeal to academics, undergraduate students, graduate students, professionals, general readers interested in finance, the financial reform and market in China, as well as China's development and the fictitious economy. Contents:Introduction: Finance from the Perspective of Fictitious EconomyFinancial Globalization and China's Financial ReformCauses of Deflation and China's CountermeasuresSystematic Analysis and Proposals for Improvement and Modification of China's Stock MarketStrategic Thinking about the Development of China's Money MarketThe Reform of China's State-Owned Commercial Banks: Objectives and MeasuresSeeking Effective Ways to Develop Chinese Rural FinanceStatus Quo and Prospects of China's Venture Capital IndustryAnalysis and Suggestions on Chinese Housing ReformGlobal Financial Crisis and the Strategy for ChinaThe Reform of RMB Exchange Rate SystemConclusion: Three Directions for China's Financial Reforms Readership: Academics, undergraduate students, graduate students, professionals, general readers interested in China's financial reform, financial market, China's development, fictitions economy. Keywords:China's Financial Reform;Financial System and Product Innovation;Financial Crisis;Financial Security;Financial Regulation;Universal Banking;Capital Markets;Money Market;Commercial Banks;Rural Finance;Futures Markets;Foreign Exchange Markets;Financial Derivatives;Equity Markets;Insurance
Financial Innovation Theories Models and Regulation
Author | : G. V. Satya Sekhar |
Publsiher | : Vernon Press |
Total Pages | : 154 |
Release | : 2018-04-10 |
Genre | : Business & Economics |
ISBN | : 9781622734078 |
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Financial innovation is a regular feature of the global financial system. Financial innovation results in greater economic efficiency over time. In the process of creating a new financial product, besides basic theory of financial management, a financial engineer needs to acquire knowledge of optimization and financial modeling techniques. Modern financial innovation is underpinned by a rich literature including the seminal studies by Levich (1985), Smith, Smithson, and Wilford (1990), Verghese (1990), Merton (1992), Levine (1997), John D Finnerty (2002), Tufano (2003) and Draghi (2008), among many others. This book corresponds to the need to provide an integrated study on financial innovation and the economic regulatory mechanism. A key part of financial innovation covered in the book is the process of creating innovative financial securities and derivative pricing that offers new pay-offs to investors. The book also covers a selection of empirical studies corroborating financial innovation theories. It also exposes myths surrounding performance evaluation models. This book is presented in six chapters. The first chapter outlines important considerations on the application of financial innovation theories. The second chapter presents the theories that underpin financial innovation practice. The third chapter focuses on use of technology for financial modeling. The fourth chapter identifies the relationship between financial innovation and the wider economic system. The fifth chapter discusses the place of financial innovation in the global financial system. The sixth and final chapter presents a comparative analysis of India and the United States.
Sequencing Financial Sector Reforms
Author | : International Monetary Fund |
Publsiher | : International Monetary Fund |
Total Pages | : 412 |
Release | : 1991-03-15 |
Genre | : Business & Economics |
ISBN | : 1557757798 |
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Financial sector liberalization can spur economic growth and development, but reforms to liberalize the financial sector can also entail risks if they are not properly designed and implemented. One of the central questions for countries reforming their financial systems is how to sequence the reforms so as to maximize the benefits of liberalization and contain its risks. Edited by R. Barry Johnston and V. Sundararajan of the IMF's Monetary and Exchange Affairs Department, this book attempts to answer this and related questions by drawing lessons from financial sector reforms in selected countries. In particular, the book surveys financial sector reforms in Indonesia, Thailand, and Korea between the mid-1980s and mid-1990s.
Financial Innovation and Monetary Policy
Author | : Yoshio Suzuki,Hiroshi Yomo |
Publsiher | : Unknown |
Total Pages | : 364 |
Release | : 1986 |
Genre | : Banks and banking |
ISBN | : STANFORD:36105040262763 |
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