Financial Systems

The book progresses logically, starting with basic concepts of financial intermediation, then moving to macroeconomic stability managed by central banks through monetary and fiscal policy.

The book highlights that a resilient financial system is essential for sustainable economic growth, noting the interconnectedness of financial elements and the need for coordinated policies to mitigate systemic risk. It addresses ongoing debates, such as the optimal level of financial regulation and the role of central banks in managing asset bubbles. By drawing on data from international institutions and using case studies, it illustrates how financial systems have evolved and adapted, emphasizing the importance of constant monitoring and adaptation to maintain a stable financial environment.