The Formation of Financial Centers PDF Download

Author: Charles Poor Kindleberger
Publisher:
ISBN:
Category : Finance
Languages : en
Pages : 96

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Author: Jeremy Atack
Publisher: Cambridge University Press
ISBN: 1139477048
Category : Business & Economics
Languages : en
Pages : 497

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Book Description
Collectively, mankind has never had it so good despite periodic economic crises of which the current sub-prime crisis is merely the latest example. Much of this success is attributable to the increasing efficiency of the world's financial institutions as finance has proved to be one of the most important causal factors in economic performance. In a series of insightful essays, financial and economic historians examine how financial innovations from the seventeenth century to the present have continually challenged established institutional arrangements, forcing change and adaptation by governments, financial intermediaries, and financial markets. Where these have been successful, wealth creation and growth have followed. When they failed, growth slowed and sometimes economic decline has followed. These essays illustrate the difficulties of co-ordinating financial innovations in order to sustain their benefits for the wider economy, a theme that will be of interest to policy makers as well as economic historians.

Author: Kabir Hassan
Publisher: Edward Elgar Publishing
ISBN: 9781847205414
Category : Business & Economics
Languages : en
Pages : 472

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The Handbook of Islamic Banking comprises 25 studies by leading international experts on Islamic banking and finance specially commissioned to analyse the various debates and the current state of play in the field. From its origins thirty years ago, Islamic banking has expanded rapidly to become a distinctive and fast growing segment of the international banking and capital markets. Despite this expansion, Islamic banking still remains poorly understood in many parts of the Muslim world and continues to be a mystery in much of the West. This comprehensive Handbook provides a succinct analysis of the workings of Islamic banking and finance, accessible to a wide range of readers. At the same time, it seeks to bring the current research agenda and the main issues on Islamic banking before a wider audience. Islamic banking offers, as an alternative to conventional interest-based financing methods, a wide variety of financial instruments and investment vehicles based on profit-and-loss sharing arrangements. These are all explored in detail along with other subjects such as governance and risk management, securities and investment, structured financing, accounting and regulation, economic development and globalization. M. Kabir Hassan, Mervyn Lewis and the other contributors have created an authoritative and original reference work, which will contribute to a wider understanding of Islamic banking as well as provoking further discussion and research. It will be invaluable to all scholars, researchers and policymakers with an interest in this subject.

Author: Yoon S. Park
Publisher: Springer Science & Business Media
ISBN: 9400925042
Category : Business & Economics
Languages : en
Pages : 271

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Book Description
The development of international financial centers (IFCs) has paralleled the rapid expansion of international banking and Eurocurrency activities. During the past decade and a half, the international banking and financial markets have experienced phenomenal growth along with the parallel expansion of IFCs. The size of the Eurocurrency market grew from $110 billion in 1970 to over $4,000 billion by 1987, while the total international assets of all banking institutions rose from $130 billion to $4,800 billion during the same period. Some of the preeminent IFCs are playing a major role in the international financial markets, as demonstrated by the size of their international assets: Bahamas ($144 billion), Cayman Islands ($174 billion), Singapore ($150 billion), Hong Kong ($130 billion), Bahrain ($46 billion), and Panama ($32 billion). The patterns of Euroborrowing and Eurolending activities in these IFCs have been undergoing major changes. These changes came about as a result of the introduction of the floating exchange rate system in 1973, recent financial deregulation, internationalization of the financial markets, securitization of financial assets and liabilities, and global financial innovations. Since the pioneering work of Kindleberger in 1974 on the formation of financial centers, there has not been a comprehensive study to reflect the recent developments, trends and the mystique that have surrounded the IFCs' functions and operations in the international money and capital markets.

Author: Youssef Cassis
Publisher: Cambridge University Press
ISBN: 9780521893732
Category : Biography & Autobiography
Languages : en
Pages : 468

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Book Description
A highly distinguished team of contributors addresses the complex and crucial role of finance in European history during the period 1880-1960.

Author: Gordon L. Clark
Publisher: OUP Oxford
ISBN: 0191570540
Category : Business & Economics
Languages : en
Pages : 352

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Book Description
Recent market turmoil, bank runs, global equities sell-off, and the 'credit crunch' have demonstrated the sophisticated and interconnected nature of financial markets today - seemingly localized problems have quickly spread, putting at risk the solvency of both local and global financial institutions. As these markets are increasingly complex, interconnected, and embedded in the daily lives of individuals, there is a pressing need to unravel and understand the complexities and prospects of this new and transformative social, political, and geographical paradigm. This book brings together a group of leading scholars from a range of disciplines to formulate a more holistic understanding of financial risk by rooting it in different environments, spatial scales, and disciplines. The result is an all-encompassing exposition of current and future financial risk management practices, possibilities, and problems.

Author: Sandra Halperin
Publisher: Cambridge University Press
ISBN: 1107109469
Category : Political Science
Languages : en
Pages : 269

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Book Description
This book reveals how the structures and practices of past empires interact with and shape contemporary 'national' ones.

Author: Ritajyoti Bandyopadhyay
Publisher: Cambridge University Press
ISBN: 1009276743
Category : Political Science
Languages : en
Pages :

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Book Description
The book studies the social production of motion in a capitalist urban context. In the city of capital, motion refers to a fetish. The bourgeois order posits motion as a metaphor for energy, positivity, and progress – a norm – and obstruction (motion's dialectical opposite) as delinquency. The book uncovers the social tectonics of spatial mobilization and thus demystifies motion. Who and what set spaces on the move? How did various classes of city dwellers activate, experience, and negotiate it? Streets in Motion develops an approach to urban history by theorizing and historicizing the 'street' as an apparatus of city-making and subject formation. It works at two registers – a local history of Calcutta in colonial and post-colonial periods, and a theorizing of the logistical and political-cultural centrality of the street within this rubric. It is argued that the street is politics in as much as politics is the production of space.

Author: John A Agnew
Publisher: SAGE
ISBN: 1446209547
Category : Science
Languages : en
Pages : 657

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Book Description
A refreshingly innovative approach to charting geographical knowledge. A wide range of authors trace the social construction and contestation of geographical ideas through the sites of their production and their relational geographies of engagement. This creative and comprehensive book offers an extremely valuable tool to professionals and students alike. - Victoria Lawson, University of Washington "A Handbook that recasts geograph′s history in original, thought-provoking ways. Eschewing the usual chronological march through leading figures and big ideas, it looks at geography against the backdrop of the places and institutional contexts where it has been produced, and the social-cum-intellectual currents underlying some of its most important concepts." - Alexander B. Murphy, University of Oregon The SAGE Handbook of Geographical Knowledge is a critical inquiry into how geography as a field of knowledge has been produced, re-produced, and re-imagined. It comprises three sections on geographical orientations, geography′s venues, and critical geographical concepts and controversies. The first provides an overview of the genealogy of "geography". The second highlights the types of spatial settings and locations in which geographical knowledge has been produced. The third focuses on venues of primary importance in the historical geography of geographical thought. Orientations includes chapters on: Geography - the Genealogy of a Term; Geography′s Narratives and Intellectual History Geography′s Venues includes chapters on: Field; Laboratory; Observatory; Archive; Centre of Calculation; Mission Station; Battlefield; Museum; Public Sphere; Subaltern Space; Financial Space; Art Studio; Botanical/Zoological Gardens; Learned Societies Critical concepts and controversies - includes chapters on: Environmental Determinism; Region; Place; Nature and Culture; Development; Conservation; Geopolitics; Landscape; Time; Cycle of Erosion; Time; Gender; Race/Ethnicity; Social Class; Spatial Analysis; Glaciation; Ice Ages; Map; Climate Change; Urban/Rural. Comprehensive without claiming to be encyclopedic, textured and nuanced, this Handbook will be a key resource for all researchers with an interest in the pasts, presents and futures of geography.

Author: François Gipouloux
Publisher: Edward Elgar Publishing
ISBN: 0857934252
Category : Political Science
Languages : en
Pages : 289

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Book Description
'Gateways to Globalisation makes a significant contribution to the understanding of the emerging East Asian regional system of financial centres within the broader global context and how they interact within the global circuits of finance. In particular, it focuses on the emergence of the financial centres of Tokyo, Shanghai, Hong Kong and Singapore and the attempts by both national governments and the private sector to position them so that they become more competitive in the global and regional context. The volume shows much historical sensitivity showing that while the increase in the importance of these financial centres is principally post 1945, their emergence has been aided by the deep historical roots that go back several centuries. The book will be of great value in the interpretation of the role of East Asia in what many commentators have called the "Asian Century".' – Terry McGee, The University of British Columbia, Canada 'Gateways to Globalisation cogently demonstrates that Hong Kong, Singapore, Beijing, Shanghai, and Tokyo operate as gateways to Asia and as linchpins for Asia to the global economy. The authors' theoretical frameworks and original empirical research support provocative findings that challenge conventional thinking. Tokyo may decline as a global city. As Beijing and Shanghai ride China's rapid growth they face uncertainty about its future openness to the global economy. Vibrant Hong Kong and Singapore confront challenges from other rising centers.' – David Meyer, Washington University in St Louis, US 'This book distinguishes itself in its emphasis on historical and cultural links as well as contemporary globalization processes on large East Asian cities. Arising from a research program and four seminars, the editor has picked scholars who can relate past and present trends. Historical links of Japanese cities are explored. Leading world cities in the region are analysed in their evolution from entrepôts to modern gateways, service integrators, transport hubs and financial centres. It is a study of the integration and interrelationships of East Asian cities in the global economy.' – Yue-man Yeung, Chinese University of Hong Kong Asia's trading and financial hubs have become global cities which frequently have more in common and closer linkages with each other than with their corresponding hinterlands. As this book expounds, these global cities illustrate to what extent world trends deeply penetrate and permeate the national territorial interiors and processes that were otherwise presumed to be controlled by the State. Gateways to Globalisation is soundly based on accurate and extensive research (including perspectives from historians, economists, geographers and sociologists) from China, Japan, Singapore and Hong Kong, in order to grasp the regional character of trade and finance, beyond national borders and traditional academic frameworks. The book documents that today, major urban centres such as Tokyo, Beijing, Singapore, Hong Kong and Shanghai situated on the periphery of the maritime corridor of East Asia, form a system characterised by the intensity of their economic linkages and integration into the world economy. Since the mid-1980s, these major Asian cities have become the worldwide-oriented centres for production, trade, finance and research. This collective effort offers, in addition to its regional framework, up-to-date information that strengthens an original trans-disciplinary analysis of a region and its economic characteristics, which will be of interest to readers within academia and beyond. This well-detailed and thorough work will interest academics and post-graduate students in economics, geography, finance, history, regional studies and Asian studies, as well as those who have a general interest in globalisation.