Publication

1995 - St. Martin's Press, New York, New York (State)

Language

English

Word Count

46,500 words, Guess

Page Count

186 pages

Identifiers

and 1 more
  • Goodreads4924197

Classifications

  • DDC332.63/2
  • LCCHG4028.A84 F44 1995

Description

The increasing trend towards the securitization of retail and wholesale financial assets is examined in depth, with various chapters devoted to the characteristics and significance of the different securitized assets and securitization techniques. Against this backdrop, the author offers an insightful scenario for the future of commercial and investment banking over the next two decades and provides a new mindset within which senior bankers can make their strategic banking decisions for the twenty-first century. This book thus develops and provides evidence for a completely new theory of financial system development: the 'systemic theory'. It is a theory of how the financial system develops, not on a singular line of evolution towards greater efficiency as generally accepted, but through the parallel development and cooperation of its various subsystems. This type of development can increase both efficiencies and inefficiencies in the financial system.

Subjects

Series Statement

  • The money and banking series

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