
By J Wilczynski
ISBN-10: 1349062545
ISBN-13: 9781349062546
ISBN-10: 1349062561
ISBN-13: 9781349062560
Read or Download Comparative Monetary Economics: Capitalist and Socialist Monetary Systems and their Interrelations in the Changing International Scene PDF
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Additional resources for Comparative Monetary Economics: Capitalist and Socialist Monetary Systems and their Interrelations in the Changing International Scene
Sample text
The more active role of banks is in general line with decentralization and the strengthening of financial instruments and material incentives. The most far-reaching activization of banking has taken place in Yugoslavia, where there is now keen competition amongst banks for business, and enterprises have a freedom of choice ofbanks- not unlike the situation in capitalist countries. (b) The Combination of Short- Term and Long- Term Financing in One Bank. The traditional separation of these two types offinancing has been abandoned in most of these countries.
Most of the large Western multinational banks are active in financial dealings with the Socialist countries. This question is discussed in detail in the following section of this chapter. But some Socialist banks can also be classed as multinational, with affiliates not only in other Socialist countries but also in the capitalist world; for details see section E of this chapter, pp. 35-42. (f) The Comecon Twin Banks. The only inter-governmental banking institutions in the Socialist bloc are the two banks established by the member countries of the Council for Mutual Economic Assistance.
2 1. Bold type indicates a substantial scale of dealings in terms of value or extent. The countries listed should be treated as, minimal, as unreported or unnoticed transactions, as well as those of small size or based on doubtful reports are not reflected. Sources. Based on The Banker,June 1g75, pp. 681-723; Fortune, Aug 1g75, pp. K. Edition-all published in London by Roskill. Daily and periodical literature published in capitalist and Socialist countries. Milan Rome Naples Rome Frankfurt/M Banca Commerciale Italiana (It) Banca Nazionale del Lavoro (It) Banco di Napoli (It) Banco di Roma (It) Bank ftir Gemeinwirtschaft (FRG) Head Office The Largest Publicly-owned Commercial Banks in the Capitalist World Significantly Involved in Financial Dealings with Socialist Countriesa Name (and Parent Country in Bracketsb) TABLE 3 D.
Comparative Monetary Economics: Capitalist and Socialist Monetary Systems and their Interrelations in the Changing International Scene by J Wilczynski
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