Globalization and national financial systems / edited by James Hanson, Patrick Honohan, Giovanni Majnoni.

Format:

Book

Government document

Contributor:

Hanson, James A.

Honohan, Patrick.

Majnoni, Giovanni.

Language:

English

Subjects (All):

Finance.

Banks and banking.

International finance.

Monetary policy.

Globalization--Economic aspects.

Globalization.

Physical Description:

xii, 282 pages : illustrations ; 23 cm

Place of Publication:

Washington, DC : World Bank ; New York : Oxford University Press, [2003]

Summary:

This book breaks new ground by exploring the challenges, constraints, and opportunities of national financial systems in developing countries, while noting that all such systems must be considered small when viewed in the context of global finance. Banking, securities, contractual savings, and systemic macroeconomic aspects are all considered.

Contents:

1. Globalization and National Financial Systems: Issues of Integration and Size / James A. Hanson, Patrick Honohan, Giovanni Majnoni 1

Part I. Macroeconomics and Globalization

2. Deposit Dollarization and the Financial Sector / Patrick Honohan, Anqing Shi 35

Part II. Banking

3. Bank Efficiency and Financial System Size / Biagio Bossone, Jong-Kun Lee 67

4. Are Small Countries "Underbanked"? / James A. Hanson 91

5. Foreign Banks in Low-Income Countries: Recent Developments and Impacts / Stijn Claessens, Jong-Kun Lee 109

Part III. Securities Markets

6. Securities Market Efficiency / Ajay Shah, Susan Thomas 145

7. The Value of International Portfolio Diversification / Joost Driessen, Luc Laeven 175

Part IV. Pension Issues

8. Pension Reform and Pension Service Efficiencies / Thomas C. Glaessner, Salvador Valdes-Prieto 191

9. Promoting Pension Funds / Gregorio Impavido, Alberto R. Musalem, Dimitri Vittas 223

Part V. Regulation

10. Regulatory Harmonization and the Globalization of Finance / Cally Jordan, Giovanni Majnoni 259.

Notes:

Includes bibliographical references.

ISBN:

0821352083

OCLC:

50942205