{"product_id":"the-future-of-global-financial-services-isbn-9781405117005","title":"The Future of Global Financial Services","description":"This book explores the future of the financial services industry, giving readers an idea of the kinds of institutions and services that will survive in the early twenty-first century. \u003cbr\u003e \u003cul\u003e \u003cli style=\"list-style: none\"\u003e\n\u003cbr\u003e \u003c\/li\u003e \u003cli\u003eAn informative and provocative exploration of the future of the financial services industry.\u003cbr\u003e \u003c\/li\u003e \u003cli\u003eFocuses on likely changes in the near future, such as greater use of the Internet for banking transactions and the increasing globalization of financial services.\u003cbr\u003e \u003c\/li\u003e \u003cli\u003ePoints to the probable disappearance of the insurance sector as a separate industry.\u003cbr\u003e \u003c\/li\u003e \u003cli\u003eDescribes changing conditions in key financial centres, especially the US, the UK, Germany, Japan and Switzerland.\u003c\/li\u003e \u003c\/ul\u003e  Annonated List of Contents. \u003cp\u003ePreface.\u003c\/p\u003e \u003cp\u003eAcknowledgments.\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart I: The Environment.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e1. Introduction.\u003c\/p\u003e \u003cp\u003e2. The Globalization of Financial Services.\u003c\/p\u003e \u003cp\u003e3. The Virtualization of Financial Services.\u003c\/p\u003e \u003cp\u003e4. Government Regulation: The Second Key Factor Underlying Industry Structure.\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart II: Competitive Strategies\u003c\/b\u003e.\u003c\/p\u003e \u003cp\u003e5. The Financial Landscape: Organizations and Universal Banking (The Status Quo).\u003c\/p\u003e \u003cp\u003e6. Competitive Strategies of International Financial Institutions.\u003c\/p\u003e \u003cp\u003e7. Competitiveness of Commercial Banks from Key Countries.\u003c\/p\u003e \u003cp\u003e8. Responding to the Challenge of the New Economy.\u003c\/p\u003e \u003cp\u003e\u003cb\u003ePart III: Direction of the Sector.\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e9. Why insurance won’t survive.\u003c\/p\u003e \u003cp\u003e10. Investment banking at the crossroads.\u003c\/p\u003e \u003cp\u003e11. Financial instruments and financial structures.\u003c\/p\u003e \u003cp\u003e12. Generation of long-term investment to support long-term bond \u0026amp; stock markets.\u003c\/p\u003e \u003cp\u003e13. Centers of international financial activity.\u003c\/p\u003e \u003cp\u003e14. Surviving the twenty-first Century.\u003c\/p\u003e \u003cp\u003eIndex\u003c\/p\u003e  \"Robert Grosse shows that, despite the internet, most financial services are still delivered locally; indeed the world's largest international financial institutions (such as Allianz and Merrill Lynch) are leaders in their home markets but are not true global leaders. He also shows that, in retail banking, the performance of commercial banks is strongly determined by the growth of their home markets.\" \u003ci\u003eAlan Rugman, Indiana University\u003c\/i\u003e \u003cbr\u003e \u003cp\u003e\"In this important book Robert Grosse shows that, despite the internet, there are few globally active financial institutions and that there are no truly global competitors. Most financial services are still delivered locally: as a notable example, in retail banking the performance of commercial banks is stongly determined by the growth of their home markets. The future of financial services will be local rather than global.\" \u003ci\u003eAlan Rugman, Kelley School of Business\u003c\/i\u003e\u003c\/p\u003e \u003cb\u003eRobert Grosse\u003c\/b\u003e is Professor of International Business and Director of Research at Thunderbird, The American Graduate School of International Management in Arizona. He has more than 20 years experience of teaching international finance, international banking, finance in emerging markets, and other finance and global strategy seminars. He has also worked as a consultant to American Express, Banco de Costa Rica, Banco de Credito e Inversiones (Chile), Banco Ganadero (Colombia), Citibank, Chase Manhattan Bank, Manufacturers Hanover Bank, and Merrill Lynch.  After living through the stock market crises of 1987 and 2001-2, many people wonder just how safe the financial system is, and what kinds of financial instruments they should trust their savings to. This book explores the future of the financial services industry, giving readers an idea of the kinds of institutions and services that will survive in the early twenty-first century.\u003cbr\u003e \u003cp\u003eThe book focuses on the changes that we will face in the near future, such as greater use of the Internet for banking transactions and the increasing globalization of financial services. It considers changing conditions in key financial centres around the world, especially in the US, the UK, Germany, Japan and Switzerland; and it points to the probable disappearance of the insurance sector as a separate industry. The book describes the strategies of major financial services firms, and discusses the likelihood that various strategies will be viable in the future.\u003cbr\u003e \u003c\/p\u003e \u003cp\u003eThe author's informative and, at times, provocative assertions will be of interest to anyone who wants to understand how the financial services sector is developing.\u003c\/p\u003e","brand":"Wiley-Blackwell","offers":[{"title":"Default Title","offer_id":47990234448101,"sku":"NP9781405117005","price":55.0,"currency_code":"USD","in_stock":false}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/1842\/7735\/files\/9781405117005.jpg?v=1761787013","url":"https:\/\/k12savings.com\/products\/the-future-of-global-financial-services-isbn-9781405117005","provider":"K12savings","version":"1.0","type":"link"}