Title: Market-Based Banking and the International Financial Crisis
Abstract:Existing analytical frameworks are unable to explain the differential impact of the recent international financial crisis on developed world economies. The chapters of this edited volume develop an or...Existing analytical frameworks are unable to explain the differential impact of the recent international financial crisis on developed world economies. The chapters of this edited volume develop an original ‘market-based banking’ analytical framework and apply this to eleven national banking systems. We argue that levels of market-based banking are a more useful way to compare national banking systems and serve, when combined with a focus on other market sources of non-financial corporation financing, to provide an alternative to the standard dichotomy of bank-based and market-based financial ... MoreRead More