Banking, Capital Markets and Corporate Governance explores the fragility of the banking system, corporate governance, and the increasing securitization of corporate finance. The contributors address the following issues: The impact of banking during a crisis in providing an incentive for the managers of failing banks to restructure their assets; the way in which economic and legal institutions can control the management of banks and firms; and the effects of increases in the securitization of corporate finance and the amount of financial innovation.
This book explores a series of questions about the differences in the capital markets in Japan, Germany and the United States, and contains empirical and comparative studies from the three countries.
Central to the dynamics of India's post-interventionist era has been the performance of its corporate sector. A lot of hope has been placed on its ability to deliver increased growth rates and levels of development. In the light of this view, the author here examines critically the nature of the Indian corporate sector as a specific socio-historical and political-economic formation. Particular emphasis is placed on the nature of corporate profitability in India, its historical roots and its effects on development.
Contributors address the reform of China's financial markets, the single most pressing problem in the evolution of the nation's economy. They overview the roots of the financial crisis in Asia and implications for China, and discuss capital account liberalization, lessons US financial markets can provide to China, and political power transitions and Chinese economic policy. Other subjects are financial development and macroeconomic stability, credit quota as a banking risk control in China, and noise trading.
World-renowned competition strategist Porter and his colleagues explain why American assumptions about Japan have proved inaccurate, what this nation must do to come back, and what its journey can tell us about how to succeed in the global economy.