Allen, Franklin, 1956-

Comparing financial systems / Franklin Allen and Douglas Gale. - Cambridge, Mass. : MIT Press, c2000. - x, 507 p. : ill ; 24 cm.

Includes bibliographical references and index.

I. Setting the Stage. 1. Comparing Financial Systems. 2. The Historical Development of Financial Systems. 3. Institutions and Markets. 4. Corporate Governance. 5. The Limitations of Markets: The Classical View -- II. Competition Versus Insurance. 6. Intertemporal Smoothing. 7. Information and Resource Allocation. 8. Competition in Banking. 9. Financial Crises. 10. Renegotiation and Relationships -- III. The Role of the Firm. 11. Autonomous, Self-Financing Firms. 12. Objectives of Firms -- IV. Markets and Intermediaries. 13. Diversity of Opinion and Resource Allocation. 14. Costly Markets. 15. Relationships and Risk Sharing. 16. Afterword.



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Finance.
Comparative economics.

332 AL CO