ABSTRACT
This book is intended to help future managers understand the kinds of activities that take place in a financial system, and to understand why certain kinds of organisations are set up to carry out those activities. The book explains that financial systems in market-oriented economies have a typical structure that is determined by economics: the economics of governing the transactions they take on, and the operating economics of the firms effecting the transactions. The book further explains that financial system change is driven by the same economic forces that determine system organisation. As you gain an understanding of how these economics work, you will become better able to discern directions of future financial system change. This knowledge will in turn help you to deal more effectively with the opportunities that the changes will likely bring.
