The Future of Global Financial Services / Edition 1

The Future of Global Financial Services / Edition 1

by Robert E. Grosse, Grosse
     
 

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ISBN-10: 140511701X

ISBN-13: 9781405117012

Pub. Date: 08/02/2004

Publisher: Wiley

After living through the stock market crises of 1987 and 2001-2, many people wonder just how safe the financial system is, and what kinds of financial instruments they should trust their savings to. This book explores the future of the financial services industry, giving readers an idea of the kinds of institutions and services that will survive in the early twenty

Overview

After living through the stock market crises of 1987 and 2001-2, many people wonder just how safe the financial system is, and what kinds of financial instruments they should trust their savings to. This book explores the future of the financial services industry, giving readers an idea of the kinds of institutions and services that will survive in the early twenty-first century.

The book focuses on the changes that we will face in the near future, such as greater use of the Internet for banking transactions and the increasing globalization of financial services. It considers changing conditions in key financial centres around the world, especially in the US, the UK, Germany, Japan and Switzerland; and it points to the probable disappearance of the insurance sector as a separate industry. The book describes the strategies of major financial services firms, and discusses the likelihood that various strategies will be viable in the future.

The author's informative and, at times, provocative assertions will be of interest to anyone who wants to understand how the financial services sector is developing.

Product Details

ISBN-13:
9781405117012
Publisher:
Wiley
Publication date:
08/02/2004
Series:
Blackwell Global Dimensions of Business
Pages:
240
Product dimensions:
6.80(w) x 9.80(h) x 0.90(d)

Table of Contents

Annotated List of Contentsvii
Prefacexiv
Acknowledgmentsxvii
Part IThe Environment1
1Introduction3
2The globalization of financial services15
3The virtualization of financial services35
4Government regulation: the second key factor underlying industry structure55
Part IICompetitive Strategies71
5The financial landscape: organizations and allfinanz banking (the status quo)73
6Competitive strategies of international financial institutions87
7Competitiveness of banks from key countries (or, Why are the US banks ahead?)105
8Responding to the challenge of the new economy125
Part IIIWhere the Sector is Heading137
9Why insurance won't survive139
10Investment banking at the crossroads153
11Financial instruments and financial structures167
12The generation of long-term investment to support bond and stock-market growth179
13International financial centers191
14Surviving the twenty-first century201
Index205

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