TY - BOOK ID - 143101 TI - Reforming financial systems : historical implications for policy /. AU - Caprio, Gérard AU - Vittas, Dimitri PY - 1997 SN - 052158115X 0521032814 0511664834 9780521581158 9780511664830 9780521032810 PB - Cambridge Cambridge University DB - UniCat KW - Private finance KW - Economic policy and planning (general) KW - anno 1900-1999 KW - Finance KW - Banks and banking KW - Finances KW - Banques KW - History KW - Histoire KW - 336.7 KW - 336.71 KW - 338 <09> KW - -Finance KW - -AA / International- internationaal KW - LDC / Developping Countries - Pays En Développement KW - 333.100 KW - 333.139.0 KW - 333.17 KW - 333.50 KW - 333.600 KW - 333.480 KW - -Banks and banking KW - -332.10904 KW - Funding KW - Funds KW - Economics KW - Currency question KW - Agricultural banks KW - Banking KW - Banking industry KW - Commercial banks KW - Depository institutions KW - Financial institutions KW - Money KW - Geldwezen. Kredietwezen. Bankwezen. Financien. Monetaire econonomie. Beurswezen KW - Bankwezen KW - Economische geschiedenis KW - -History KW - -Algemeenheden. Theorie en principes van de bankorganisatie en -techniek. KW - Controle en nationalisatie van de banken: algemeen. KW - Crises, saneringen en hervormingen van het bankwezen. KW - Financiële instellingen: algemeenheden. KW - Financiële markten. Kapitaalmarkten (algemeenheden). KW - Geldstelsel. KW - -336.7 KW - 338 <09> Economische geschiedenis KW - 336.71 Bankwezen KW - 336.7 Geldwezen. Kredietwezen. Bankwezen. Financien. Monetaire econonomie. Beurswezen KW - -Private finance KW - 332.10904 KW - AA / International- internationaal KW - Algemeenheden. Theorie en principes van de bankorganisatie en -techniek KW - Controle en nationalisatie van de banken: algemeen KW - Crises, saneringen en hervormingen van het bankwezen KW - Geldstelsel KW - Financiële instellingen: algemeenheden KW - Financiële markten. Kapitaalmarkten (algemeenheden) KW - 20th century KW - Finance - History - 20th century. KW - Banks and banking - History - 20th century. KW - Business, Economy and Management KW - Banks and banking - History - 20th century KW - Finance - History - 20th century UR - https://www.unicat.be/uniCat?func=search&query=sysid:143101 AB - This volume summarizes the key lessons of financial history for emerging markets and developing economies today, including the rise and role of central banks, debates on how to make banking secure and sound, the relative efficiency of universal banking compared to the Anglo-American commercial banking model, and the role of savings banks, non-banks and securities markets in development. Two lessons that should be kept in mind in reforming financial systems are the importance of incentives and diversification. Robust financial systems require incentive systems that reward prudent risk-taking and encourage sound portfolio diversification. In addition, reputation has proved to be important: central bankers must demonstrate anew why they have earned a reputation for non-inflationary policies, and private intermediaries must similarly demonstrate again why they have earned a reputation for sound, as opposed to Ponzi, finance. Attempts to reform financial systems without due allowance for the time and effort to develop institutions, including reputation, are likely to prove short-lived. ER -