REFORMING FINANCIAL SYSTEMS HISTORICAL IMPLICATIONS FOR POLICY (HB 1997). This item is unavailable.REFORMING FINANCIAL SYSTEMS HISTORICAL IMPLICATIONS FOR POLICY (HB 1997)

This volume summarizes the key lessons of financial history for emerging market and developing economies.

'What a good idea to assemble a group of top financial historians and ask them to review the origins of the institutions of banking and financial policy. This excellent collection is perfectly designed for the many reflective policymakers now seeking to reform their financial systems. The authoritative treatment extends not only to commercial and central banking, but also to thrift institutions, pensions and securities markets. The authors describe both how the large degree of consensus emerged and the vigorous debates that remain: deposit insurance vs. 'depositor beware' and universal banking vs. market segmentation.' Patrick Honohan, Economic and Social Research Institute, Dublin

'Reforming Financial Systems by Gerard Caprio and Dimitri Vittas is an extraordinary compendium of different historical experiences with the development and regulation of the financial system. It genuinely delivers on the promise of one of its chapter titles: it provides important lessons from the past for present-day financial reforms.' Bruce Smith, University of Texas, Austin