Globalization and National Financial Systems
- Washington D C The World Bank 2003
- 282p ix
Contents: Foreword vii; Contributors ix; 1. Globalization and National Financial Systems: Issues of Integration and Size 1 James A. Hanson, Patrick Honohan,and Giovanni Majnoni; PART I. MACROECONOMICS AND GLOBALIZATION; 2. Deposit Dollarization and the Financial Sector 35 Patrick Honohan and Anqing Shi; PART II. BANKING; 3. Bank Efficiency and Financial System Size 67 Biagio Bossone and Jong-Kun Lee; 4. Are Small Countries “Underbanked” 91 James A. Hanson 5. Foreign Banks in Low-Income Countries: Recent Developments and Impacts 109 Stijn Claessens and Jong-Kun Lee PART III. SECURITIES MARKETS; 6. Securities Market Efficiency 145 Ajay Shah and Susan Thomas 7. The Value of International Portfolio Diversification 175 Joost Driessen and Luc Laeven PART IV. PENSION ISSUES: 8. Pension Reform and Pension Service Efficiencies 191; Thomas C. Glaessner and Salvador Valdés-Prieto 9. Promoting Pension Funds 223; Gregorio Impavido, Alberto R. Musalem, and Dimitri Vittas ; PART V. REGULATION: 10. Regulatory Harmonization and the Globalization of Finance 259 Cally Jordan and Giovanni Majnoni;