ABSTRACT

This book develops a descriptive theory of a financial system's organisations and functions. It uses an institutional economics framework to reconcile different approaches, including neo-classical financial theory and managerial finance. It will be useful for anyone who wishes to study a qualitative economic theory of financial system activity.

chapter 1|11 pages

Introduction

chapter 2|20 pages

Financial system agents and environment

chapter 3|18 pages

Governance mechanisms: major types

chapter 4|26 pages

Specialised governance mechanisms

chapter 5|18 pages

Aligning mechanisms with transactions

chapter 6|16 pages

Managing transaction terms

chapter 7|15 pages

Managing portfolios

chapter 8|24 pages

System organisation and performance

chapter 9|17 pages

Financial system change and performance

chapter 10|16 pages

Finance and economic development

chapter 11|4 pages

Conclusions