Financial System: Principles and Organization

Author: Edwin H. Neave
Publisher:
Publish Date: 2005-03-01
Features: This book examines the activities of the financial system in a market economy from both theoretical and practical perspectives, explaining why typical financial systems exhibit their current organizational forms, why organizational forms are changing so rapidly now, and how these changes present profit opportunities for professionals. The book is divided into five parts. Part 1 describes how the financial system is organized, which clients it serves, and how the organizational forms of the financial system often evolve over time. Part 2 provides a detailed examination of the economic principles based on the types of financial transactions conducted and the types of financial institutions organized. Part 3 explores the markets for raising funds and managing risks, as well as some financial institutions that operate in these markets. Part 4 examines financial intermediation from both domestic and international perspectives. Part 5 investigates the financial activities and regulation of governments, as well as how to evaluate and improve the performance of the financial system. Each chapter includes policy issues that connect the theories discussed in the chapter to important current topics. The glossary and solutions to review questions at the end of the book make it a valuable learning reference for students of finance and business administration. Edwin H. Neave is a professor at Queen's University, Kingston, Ontario, and a senior honorary member of the Canadian Bankers Association. Neave's Profit Planning Simulation Experiment has been used in banking education programs in over 40 countries by the Canadian Bankers Association, and he also serves as the editor of the association's current Financial Management Program.