This edited volume offers a study of national banking systems and explains how banking developed in the years preceding the international financial crisis that erupted in 2007. Its analysis of market-based banking shows the impact of the financial crisis in eleven developed economies, including all of the G7 economies.

A broad-ranging assessment of the complex changes in Europe's diverse and complex mix of national and European capitalisms as they respond to the challenges of globalization and from rising powers, of competitiveness, ageing populations and welfare sustainability compounded by the impact of financial, monetary and sovereign debt crises.

Economics and political economy lack the analytical tools to explain the differing impact of the recent international financial crisis that erupted in 2007 on developed economies. The principal contribution of this edited volume is to offer a 'market-based banking' framework which transcends the dominant dichotomous understanding of financial systems in terms of credit-based and capital-based. It demonstrates why this dichotomy is obsolete through an appreciation of the activities of banks. Further, it employs 'market-based banking' to overcome the inability of existing typologies to explain financial system change. 'Market-based banking' provides a framework that is more reflective of banking in modern financial systems, and one that provides a more successful explanation of the differential impact of the recent financial crisis. The comparative and single-country chapters in this volume compare the extent of 'market-based banking' across eleven countries, including all of the G7 economies. The chapters also consider the impact of the financial crisis in terms of necessary government support and lending to non-financial companies. The edited volume includes work by authors who are widely respected experts in national political economies, finance, financial regulation, banking, central banking, and monetary policy. This volume is one of the first book-length comparative studies of the financial crisis and its impact and one of the few recent comparative studies of national banking / financial systems in any discipline.

This paper explores the reasons behind the failure by private markets and other institutions to meet demand for cross-border and domestic short-term trade finance during financial crises such as the one which affected emerging economies in the 1990s.--Publisher's description.

The financial crises that have gripped developing countries and the global economy in the past 12 months or so have exposed several weaknesses that individually and in concert have contributed to these crises. Chief among them are fragilities in domestic financial systems, short-comings in macroeconomic policies, imperfections in international capital markets, and weaknesses in the international financial architecture for preventing and dealing with crises. This year's Global Economic Prospects focuses on the outlook for developing countries in the wake of the crisis (Chapter 1), policies designed to deal with crises once they have erupted (Chapter 2), and ways of preventing crises in the future (Chapter 3).

Essay from the year 2008 in the subject Business economics - Miscellaneous, grade: 1.3, Marmara University (Department of Economics), course: Seminar Paper, language: English, abstract: This paper attemps to picture the economical background of Turkey prior to the 2001 crisis, and then analyze the main characteristics of environment in which such a large scale nancial crisis could break out. The following section will rstly introduce an overview of the basic theoretical literature on nancial crises in emerging markets, as this may contribute towards a better comprehension of the economical interrelations of the theoretical framework in which the Turkish nancial crisis is embedded. Section 3, then, provides the Turkish case in detail. To familiarize the reader with the economical and political enviroment in which the crisis could occur, the rst subsection will provide a brief account of the Turkish economy prior to the crisis, special emphasis will be on the nancial liberalization proccess and the resulting changes in the banking sector. The tide of events of the crisis itself as well as its economical consequences and policy responses are part of the second and third subsection respectively. The paper will be concluded by summing up the essential causes and main characteristics of the crisis and an attempt to assign its place in the theoretical framework.

This study by the WTO explains the basic links between trade and the financial sector, and how financial crises are interrelated with trade. This study also includes case studies on past financial crises.--Publisher's description