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Books > Business & Economics > Economics > Macroeconomics
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Strategy and Organization of Corporate Banking (Paperback, Softcover reprint of hardcover 1st ed. 2005)
Loot Price: R2,618
Discovery Miles 26 180
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Strategy and Organization of Corporate Banking (Paperback, Softcover reprint of hardcover 1st ed. 2005)
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Reinhard H. Schmidt The impressive development of the finance
literature with its emphasis on asset pricing and the formal
modeling of incentive systems during the past three decades, has
largely relegated the business and operational aspects of banking
as an industry from the agenda of academic research. Though this is
understandable, it is especially regrettable in view of the dynamic
dev- opments in the banking industry which have started about a
decade ago and are currently in full swing. Fortunately, there are
now signs of a change to the effect that banking is back on the
research agenda. The p- sent book by Professor De Laurentis and his
co-authors is a highly inno- tive and interesting manifestation of
this reorientation. Banking is an important part of any financial
system, and it is especially important in the financial systems of
the countries of Continental Europe, such as Italy, France, and
Germany, which have been bank-based for d- ades and which are, in
my view, likely to remain bank-based for the fo- seeable future.
There are many reasons, based on empirical and theoretical
considerations, to believe that strong banks are not only important
for the banking industry itself, but also for the respective
national economies.
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