Modern Financial Systems

A valuable guide to the essential elements of modern financial systemsThis book offers you a unified theory of modern financial system activity. In it, author Edwin Neave distills a large body of literature on financial systems, the institutions that comprise the systems, and the economic impacts of the systems' operation. Through non-technical summaries, Neave provides you with a primer on how financial systems work, as well as how the many parts of any financial system relate to each other. He does so in a straightforward manner, with an emphasis on economic principles and the relationship between various aspects of financial system activity.Discusses financial governance and explains how financial markets and institutions complement each otherIdentifies the economic forces at work within financial systems and explores how they determine system organization and changeOffers a theoretical survey of financial activity and its application to numerous practical situationsExplains both static financial system organization and the dynamics of financial system evolution