Banking and the Promotion of Technological Development by Nicolas Jequier, Hu Yao-su, Yao-Su Hu, A.S. Bhalla

By Nicolas Jequier, Hu Yao-su, Yao-Su Hu, A.S. Bhalla

Show description

Read Online or Download Banking and the Promotion of Technological Development PDF

Similar banking books

Chinese Stock Markets: A Research Handbook

The exponential development of China’s inventory markets long ago decade has attracted worldwide awareness from lecturers and practitioners. The practitioner’s curiosity in chinese language markets stems from organisations; traders and fiscal associations foresee tremendous merits from making an investment in China ultimately.

Offshore Finance

This e-book was once first released in 2006. it really is envisioned that as much as sixty percentage of the world's cash should be positioned offshore, the place 1/2 all monetary transactions are stated to ensue; in spite of the fact that, there's a belief that secrecy approximately offshore is inspired to obfuscate tax evasion and cash laundering.

An Introduction to the Mathematics of Financial Derivatives, Third Edition

An creation to the math of economic Derivatives is a well-liked, intuitive textual content that eases the transition among uncomplicated summaries of economic engineering to extra complicated remedies utilizing stochastic calculus. Requiring just a uncomplicated wisdom of calculus and likelihood, it takes readers on a travel of complicated monetary engineering.

Contemporary Financial Intermediation, Third Edition

In modern monetary Intermediation, 3rd variation, Greenbaum, Thakor and Boot provide a particular method of monetary markets and associations, proposing an built-in portrait that places info on the center. rather than easily naming and describing markets, laws, and associations as competing books do, the authors discover the unending subtlety and plasticity of economic associations and credits markets.

Extra resources for Banking and the Promotion of Technological Development

Example text

Assessment of performance and instruments of action How effective have special credit institutions been in performing their mission? Have they fulfilled their objectives? The major differences between the institutions themselves, and between the economic and political context of the countries in which they operate, make it very difficult to provide a definite answer, let alone a proof (epistemologically, it is not clear what would constitute a valid proot). One can nevertheless make a number of observations which should be taken into account when trying to form a judgement about their performance.

The "Big Three" of today were founded at the beginning of the 1870s: the Deutsche Bank and the Commerzbank in 1870, and the Dresdner Bank in 1872. The new German banks that were created to promote and assist industrial development came to be called Kreditbanken, Grossbanken, mixed banks or universal banks. Thus one could say that industrial banking originated in Belgium and France, and attained its complete form of development in Germany. Industrial banking on the European continent had a number of novel features compared to English deposit banking and to the "old banking" of private bankers and merchant bankers.

15 In its country of origin, the Credit Mobilier went into hibernation and gradually gave way to a kind of banking orthodoxy which had much in common with the English model. In Germany, however, «it is principally the Credit Mobilier ... that has influenced the public mind to such an extent that German banks, almost without exception ... »16 The first of the new German banks, the Bank fur Handel und Industrie in Darmstadt (the Darmstadter Bank), was founded in 1853 with the financial and managerial assistance of the Credit Mobilier.

Download PDF sample

Rated 4.14 of 5 – based on 14 votes