Corporate and Social Transformation of Money and Banking: Breaking the Serfdom (Palgrave Macmillan Studies in Banking and Financial Institutions)

As the real economy is increasingly digitalized, banking lags behind. It is thus not well placed to support the new economy. The book provides some perspective on the changes taking place, identifying the systemic weaknesses in the traditional financial infrastructure, and proposing some radical rethinking to address systemic financial instability. The Mono-financial System Of The Traditional Banking Sector Has Become Increasing 'divorced' From The Real Economy, But Equally The Real Economy Has Evolved To Something New That Is Not Well Served By The Traditional Banking Sector Mindset. This Book Provides New Insights Into The Dynamics Taking Place In The Financial System. We Are In The Throws Of A 6th Kondratieff Cycle, Or Information Revolution, Which Similar To The Industrial Revolution, Is Changing Fundamental Physical And Social Structures In Society. This Book Provides Complementary Theoretical Bases (from Marx To Hayek) For Examining The Changes, Along With Empirical Examples, And Identifies How The Serfdom To The Mono-financial System Can Be Broken Within The Information Revolution. Activity By A Range Of Non-banks, Including Technological, Social And Corporate Entities Is Well Placed To Provide Real Competition To The Banking Sector. Introduction / C. Adams And S. Mouatt -- Part One: Theory -- Monetary Monopoly As Structural Cause For Systemic Financial Instability? / B. Lietaer -- Marx's Big Idea / N. Potts -- When Is A Financial Crisis Not A Financial Crisis? / N. Potts -- The Dissolution Of The Financial State / S. Mouatt -- The Corporate Subjugation Of Money And Banking / S. Mouatt -- Part Two: The Evidence -- The Emergence Of Non-banks: E-commerce Driven Competition In The Financial Sector / C. Adams -- Changing Payment Systems / C. Adams -- Ascendant Corporate Monies: Electronic Money In An Electronic World / C. Adams -- Complementary Currencies At Work / B. Lietaer -- Part Three: The Future -- Towards An Ecology Of Complementary Currencies / B. Lietaer -- The State-issue Of Currency Without Usury / P. Challen, S. Mouatt And R. Shakespeare -- The Future: Competition From The Technology Arena / C. Adams -- A Complementary And Competitive Monetary System For The Future? / C. Adams And S. Mouatt. Edited By Simon Mouatt, Carl Adams. Includes Bibliographical References And Index. An Increasing Number Of The World's Largest Banks Now Have More Activities Outside Their Home Country Than Withinches But What Do We Know About The Effects Of Internationalization, And What Is A Successful Business Model For The Future? This Book Explores The Formulation, Implementation And Evaluation Of Internationalization Strategies In Banking. The International Strategies Of The World's Leading Banks In Eight Countries Are Examined Between 1980 And 2004, Strategic Patterns Are Identified And The Effects On Profitability, Stability And Shareholder Performance Are Analysed. The Results Are Sobering. Increasing Profitability And Shareholder Return Through Internationalization Turns Out To Be Extremely Challenging. Only A Few Banks Are Able To Turn International Banking Activities Into A Success. With The Ongoing Cross-border Consolidation In The Banking Industry, This Book Is An Important Contribution To The Internationalization Debate And A Must-read For Bank Management, Regulators And Shareholders. Banking Since The 1980s: Challenges And Issues -- International Banking: A Theoretical Framework -- The World's Largest Banks -- Internationalization Patterns -- Internationalization Strategies -- Performance And Shareholder Wealth -- Competitive Future Internationalization Strategies. Alfred Slager. Includes Bibliographical References (pages 213-218) And Index. Front Matter....Pages i-xi Introduction....Pages 1-21 Front Matter....Pages 23-23 Monetary Monopoly as Structural Cause for Systemic Financial Instability?....Pages 25-55 Marx’s Big Idea....Pages 56-70 When is a Financial Crisis not a Financial Crisis?....Pages 71-86 The Dissolution of the Financial State....Pages 87-102 The Corporate Subjugation of Money and Banking....Pages 103-117 Front Matter....Pages 119-119 The Emergence of Non-Banks: E-Commerce Driven Competition in the Financial Sector....Pages 121-132 Changing Payment Systems....Pages 133-147 Ascendant Corporate Monies: Electronic Money in an Electronic World....Pages 148-159 Complementary Currencies at Work....Pages 160-178 Front Matter....Pages 179-179 Towards a Monetary Ecology....Pages 181-204 The State-Issue of Currency without Usury....Pages 205-218 The Future: Competition from the Technology Arena....Pages 219-233 A Complementary and Competitive Monetary System for the Future?....Pages 234-237 Back Matter....Pages 238-248 Securities exchanges play a significant role in macroeconomics. They engage in the allocation process, which assures that savings are allocated to the most profitable investment opportunities. But what are the forces driving the supply side, namely, the services offered by exchanges? It is not just a matter of market microstructure and the rules governing the price discovery. Rather, it embraces a much wider perspective involving the balance of interests of multiple stakeholders, the competitive strategies of exchanges and other platform operators and the impact of regulation. This book provides an economic analysis of the stock exchange industry. It draws on theories from micro- and industrial economics to provide a detailed analysis of the industry structure, the strategic behaviour of key participants and a methodological framework for assessing the performance of stock exchanges ..." An account of the principal phases in the development of the English banking system, and an analysis of the financial structure of the economy of the UK. The book focuses in detail on the regulatory and supervisory aspects of the UK banking system, and the interactions between the structural aspects of the banking and supervisory system.