Suchergebnisse

The New Approaches to Economic Challenges (NAEC) initiative was established to distil lessons from the Global Financial Crisis and now the systemic crises sparked by the COVID-19 pandemic. This book publishes short summaries of a diverse range of thinking and proposals from a prestigious series of experts. NAEC invited them to share their expertise with those who wish to learn more about the financial system from those at its heart. They debate the theory and models of the financial system as well as the role of its different component parts, such as currency, insurance or asset management and how they interact. And they offer advice on how financial policy can contribute to making the financial system more resilient.

Das koreanische Finanzsystem hat in den vergangenen 20 Jahren substantielle Veränderungen in Ausmaß und Struktur erfahren. Nach einem historischen Kapitel werden die Banken, die Geldpolitik und der Kapitalmarkt Südkoreas dargestellt. Das verwendete Datenmaterial deckt den Zeitraum bis zum Juni 1985 ab. - Abgedruckt sind zusätzlich: "The Bank of Korea Act" und "The General Banking Act". (DÜI-Xyl)

Motivated by growing concerns about the risks and instability of China's financial system, this article reviews several commonly perceived financial risks and discusses their roots in China's politico-economic institutions. We emphasize the need to evaluate these risks within China's unique economic and financial systems, in which the state and non-state sectors coexist and the financial system serves as a key tool of the government to fund its economic policies. Overall, we argue that: (1) financial crisis is unlikely to happen in the near future, and (2) the ultimate risk lies with China's economic growth, as a vicious circle of distortions in the financial system lowers the efficiency of capital allocation and economic growth and will eventually exacerbate financial risks in the long run.