Strategy and Organization of Corporate Banking,Used

Strategy and Organization of Corporate Banking,Used

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SKU: SONG3540227970
Brand: Springer
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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 coauthors 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 bankbased for d ades and which are, in my view, likely to remain bankbased 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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