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Financial Innovations and the Welfare of Nations
. Ed(S): Jacque, Laurent L.; Vaaler, Paul M.
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Description for Financial Innovations and the Welfare of Nations
Paperback. Editor(s): Jacque, Laurent L.; Vaaler, Paul M. Num Pages: 367 pages, biography. BIC Classification: KCL; KFF. Category: (P) Professional & Vocational. Dimension: 234 x 156 x 20. Weight in Grams: 587.
The central question addressed in Financial Innovations and the Welfare of Nations is how the transfer of financial innovations from developed to developing economies can nurture the dynamics of emerging capital markets. National capital markets can be positioned along a continuum ranging from embryonic to mature and emerged markets according to a decreasing "national cost of capital" criterion. In the introductory chapter Laurent Jacque argues that newly emerging countries are handicapped by a high cost of capital due to "incomplete" and inefficient financial markets. As capital markets graduate to higher level of "emergedness", their national firms avail themselves of a ... Read more
The central question addressed in Financial Innovations and the Welfare of Nations is how the transfer of financial innovations from developed to developing economies can nurture the dynamics of emerging capital markets. National capital markets can be positioned along a continuum ranging from embryonic to mature and emerged markets according to a decreasing "national cost of capital" criterion. In the introductory chapter Laurent Jacque argues that newly emerging countries are handicapped by a high cost of capital due to "incomplete" and inefficient financial markets. As capital markets graduate to higher level of "emergedness", their national firms avail themselves of a ... Read more
Product Details
Format
Paperback
Publication date
2012
Publisher
Springer-Verlag New York Inc. United States
Number of pages
367
Condition
New
Number of Pages
367
Place of Publication
New York, NY, United States
ISBN
9781461356462
SKU
V9781461356462
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
About . Ed(S): Jacque, Laurent L.; Vaaler, Paul M.
Laurent L. Jacque is a Professor of International Finance and Banking and Director of the Program of International Business Relations at the Fletcher School (Tufts University). He is also Professor of Finance and International Business at the HEC School of Management (France). Paul M. Vaaler is Assistant Professor of International Business, and Director of the Hitachi Center for Technology ... Read more
Reviews for Financial Innovations and the Welfare of Nations
Praise for Financial Innovations and the Welfare of Nations `In an increasingly connected world financial flows and innovation have taken center stage. For anyone who wants to understand how this new international arrangement affects one's life, business, and nation, this book is a must read.' Walter B. Wriston, Former CEO, ... Read more