Banking alliances / Hazel J. Johnson.

Format:

Book

Author/Creator:

Johnson, Hazel J.

Language:

English

Subjects (All):

Banks and banking--United States.

Banks and banking.

Banks and banking--European Union countries.

Banks and banking--East Asia.

Physical Description:

1 online resource (201 p.)

Place of Publication:

Singapore ; River Edge, N.J. : World Scientific, c2000.

Language Note:

English

Summary:

This book analyzes the extent to which banks and industry have worked together to promote economic growth. The countries examined are the United States, the United Kingdom, Germany, Japan, China, Hong Kong, and Korea. This is an important analysis, because so many developing countries have undertaken market-oriented plans for development. There are important lessons of dedicated capital that can be learned from these experiences. Furthermore, as financial systems are modernized, the financial services industry plays a critical role in economic development.

Contents:

Preface; Contents; 1. Origins of Banking Alliances; Introduction; A Contemporary Overview; The Earliest Days of Banking; The 18th Century; The Birth of the Baring Brothers; The Rothschilds; The 19th Century; English Bankers

Financiers to the World; The Emergence of Strong German Banking; Chinese Bankers and the Western World; Japanese Banking

A Rapid Transformation; The Ascendancy of U.S. Banking; J.P. Morgan and Company; The Mellons; Citibank; Conclusion; Selected References; 2. International Leadership in the United Kingdom; Introduction; Clearing vs. Merchant Banks

An Archaic System in a World Class CityThe Reform Movement; Privatizing Major Industries; Scrutinizing the Financial Sector; The Eurodollar Markets; The Monetary Goals of the European Union; The United Kingdom and Monetary Union; The Off-Shore Market in U.S. Dollars; Deregulation and the Big Bang; Early Liberalization; The Big Bang; Important Lessons; Merging Different Cultures; Managing Branch Networks; Capital vs. Skill; Adequate Supervision: The Case of Barings; The New Financial Services Authority and Future Directions; Future Indications; Selected References

3. Dedicated Capital in GermanyIntroduction; Setting the Stage for Economic Development; A Post War Economic Miracle; Reforming the System After the War; Insights into the German Company; Two Forms of Development; The Large Firm Model; The Mittelstand Model; The Growth of Universal Banking in the German Economy; Conclusion; Selected References; 4. Formal and Informal Ties in Japan; Introduction; Early Modernization; Breaking Up the Zaibatsu; Reestablishing Powerful Alliances; The High Growth Years; The Income Doubling Plan; The New Keiretsu; Coordination of Government, Industry, and Banking

International ExpansionJapan: The Control Center; Expanding Into the United States; Penetrating the Keiretsu; Reforming the Financial System of Japan?; Conclusion; Selected References; 5. Forging Banking Alliances in China, Hong Kong, and Korea; Introduction; China: Breaking Economic Ties with the Past; Transition to the People's Republic of China; The Socialist Banking System; Economic Reform; Support from the Banking Sector; Hong Kong Industry and Banking; Hong Kong as an Industrial Center; The Hong Kong Trading Companies; Greater China; South Korea: Adapting the Japanese Model

The Economic PlanThe Chaebols; Conclusion; Selected References; 6. Steps Toward Financial Modernization in the United States; Introduction; Misconceptions About the U.S. Banking Industry; The True Cause of Early U S. Money Panics; Early Attempts at National Banking; National Bank Charters; Morgan's Role as a Central Banker; The Federal Reserve System; The Great Depression: Facts and Myths; The Recession of 1920-1921; The Roaring '20s; The Crash and the Depression; The Glass-Steagall Act; The Provisions of the Act; The Effects of Glass-Steagall; The Investment Shortfall; Aggregate Investment

Lack of Dedicated Capital

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

ISBN:

9786611934231

9781281934239

1281934232

9789812793256

9812793259