Modern Financial Systems: Theory and Applications

A valuable guide to the essential elements of modern financial systems

This 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 other
• Identifies the economic forces at work within financial systems and explores how they determine system organization and change
• Offers a theoretical survey of financial activity and its application to numerous practical situations
• Explains both static financial system organization and the dynamics of financial system evolution

Following a non-technical approach, this book skillfully explores how financial systems work, as well as how the many parts of any financial system relate to each other.