Understanding twenty-first century global financial integration requires a two-part background.The Handbook of Key Global Financial Markets, Institutions, and Infrastructure begins its description ofhow we created a financially-intergrated worldbyfirst examining the history of financial globalization, from Roman practices and Ottoman finance to Chinese standards, the beginnings of corporate practices, and the advent ofefforts to safeguard financial stability. It thendescribesthearchitectureitself by analyzingits parts, such as markets, institutions, and infrastructure. The contributions ofsovereign funds, auditing regulation, loan markets, property rights, compensation practices, Islamic finance, and others to the global architecture are closely examined.For those seeking substantial, authoritative descriptions and summaries,this volume will replace books, journals, and other information sources with a single, easy-to-use reference work.

Table of Contents

• Editors-in-Chief
• Section Editors
• Preface
• Contributors
• I Globalization of Finance: An Historical View
• History of Financial Globalization, Overview
• Banking Fragility, United States, 1790–2009
• Bretton Woods and Monetary Regimes
• British Corporate Finance, 1500–1860
• Chinese Finance, 1348–1700
• Chinese Money and Monetary System, 1800–2000, Overview
• Dutch Bank Finance, 1600–1800
• Dutch Corporate Finance, 1602–1850
• The Financial Revolution in England
• Commercial Finance in Europe, 1700–1815
• Exchanges, Rules Governing
• French Corporate Finance, 1500–1900
• Genoese Finance, 1348–1700
• The Political Economy of Global Financial Liberalization in Historical Perspective
• Alexander Hamilton
• Hanseatic Merchants and Credit, 1300–1700
• John Law and his Experiment with France, 1715–1726
• Low Countries Finance, 1348–1700
• Milanese Finance, 1348–1700
• Finance in the Ottoman Empire, 1453–1854
• Papal Finance, 1348–1848
• Precious Metals and Moneys, 1200–1800
• Rentes and the European ‘Financial Revolution’
• Appendix: Yields on Perpetual Rents, Life Rents, and Loans
• Ancient Roman Finance
• Spanish Finance, 1348–1700
• The Financial Revolution in Sweden, 1650–1900
• Global Financial Brands and the Underwriting of Foreign Government Debt since 1815
• Venetian Finance, 1400–1797
• Wars and the International Trading System, 1900–2000
• II Key Market, Institutions, and Infrastructure In Global Finance
• Development of Accounting Standards
• Contemporary Audit Regulation – Going Global!
• Appendix: Abbreviations
• Justifications for Audits of Financial Statements
• Global Banks and Financial Intermediaries
• Corporate Governance
• Credit Ratings and Credit Rating Agencies
• Earnings Quality
• Exchanges
• Equity Markets
• Fair Value and Accounting
• Fair Value Accounting, Disclosure and Financial Stability
• Investment Banks
• Overview of Islamic Finance
• Loan Markets
• Microfinance Costs, Lending Rates, and Profitability
• OTC – Derivative Market
• Appendix: Typical OTC Derivative Position from an SIFI's Financial Statement
• Global Payment and Settlement Systems
• Pension Funds
• Project and Asset Finance
• Property Rights in an Era of Global Finance
• Securities Settlement Systems
• Securitization and Structured Finance
• Sovereign Funds
• Finance