Financial Structure
An Investigation of Sectoral Balance Sheets in the G-7
Published on 28. August 2003
Book
Hardback
242 pages
978-0-521-83180-2 (ISBN)
Description
Cross-country comparisons of sectoral balance sheets offer crucial indications of differences in overall financial structure, which in turn underlie contrasts in financing and economic behaviour. In this context, this book aims to confront theory and extant empirical work with aggregate financial data across the G-7, covering the period from 1970 to 2000. Viewed in the light of the main theoretical and empirical results in the economic literature, it explores the contrasting patterns and development of financial structures in the UK, the US, Germany, Japan, Canada, France and Italy. It uses as raw material sectoral balance sheet data published by national statistical authorities across the corporate, household, general government, foreign, financial, banking and institutional-investor sectors.
More details
Series
Language
English
Place of publication
Cambridge
United Kingdom
Target group
Professional and scholarly
Illustrations
71 Tables, unspecified; 14 Line drawings, unspecified
Dimensions
Height: 236 mm
Width: 160 mm
Thickness: 21 mm
Weight
533 gr
ISBN-13
978-0-521-83180-2 (9780521831802)
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Schweitzer Classification
Persons
Joseph P. Byrne graduated with a PhD from the University of Strathclyde in 2000 and since then has been employed by NIESR, where he is at present a Senior Research Officer. His research is mainly concerned with applied economics and he has forthcoming publications in Economic Modelling. In addition to balance sheets and financial structure, he has recently worked on consumption, investment, exchange rates and price determination. E. Phillip Davis is Professor of Economics and Finance, Brunel University, West London and a Visiting Fellow at NIESR. He is also an Associate Member of the Financial Markets Group at LSE, Associate Fellow of the Royal Institute of International Affairs and Research Fellow of the Pensions Institute at Birkbeck College, London. Prior to taking up his Chair at Brunel, Davis studied at Oxford during 1975-80, before spending the period from 1980-2000 as a central banker at the Bank of England, BIS and European Monetary Institute. Davis's research interests cover the broad field of applied economic analysis of financial institutions and markets. Besides numerous articles, he has published the following books: Debt, Financial Fragility, and Systemic Risk (Oxford, 1995), Pension Funds (Oxford, 1995) and Institutional Investors (MIT Press, with Benn Steil, 2001).
Content
1. System-wide issues; 2. The key differences between the balance sheets; 3. Aspects of the macroeconomic history of the G-7; 4. Corporate finance; 5. The household sector; 6. The general government sector; 7. The foreign sector; 8. The financial sector; 9. The banking sector; 10. Insurance companies, pension funds and mutual funds; 11. Confronting theoretical paradigms with the data; Conclusion.