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Essay sample - Close examination of global financial systems
Finance & Accounting
Pages 6 (1506 words)
The essay clearly brings up the main subject, which is that the financial systems of the main developed economies vary significantly. The particular variations in the national structure allow the two different financial systems to act in a different manner. …
After bringing up the main the main topic of the essay, we see that it makes a few valid points to argue about. Whereas the function of financial systems is argued, the performance of different types of financial systems is even more greatly argues. Banks in Germany are mainly accountable for the growth of the nation, having promoted and developed its industries. To them, more than any other group may be attributed the wonderful outcomes yet realized. The essay goes deeper into the topic by bringing other examples. Pragmatic study on the relative values of bank-based as well as market-based financial systems has focused on “Germany and Japan as bank-based systems and the United States and the United Kingdom as market-based systems” (World Bank, 2012, p. 111). The essay says that theoretically, the financial services notion is completely compatible with both the bank-based as well as market-based approaches. Later, we are given pieces of advice, such as: when trying to control the design of a financial system, the study recommends that supervisory bodies should not intently concentrate on banks and markets independently, but rather see them as essential components of a co-developing system. In conclusion, we see that when trying to control the design of a financial system, the study recommends that supervisory bodies should not intently concentrate on banks and markets independently, but rather see them as essential components of a co-developing system. ...
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