Abstract
The functioning of the financial system, given the nature of the activity, takes place in a context of rules and controls. The raison d’être of the financial system is linked to the performance of certain functions that are critical, due to the way a modern economy of monetary exchange runs. These functions satisfy the specific needs of the economic system, thus allowing the development of production and distribution processes.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Author information
Authors and Affiliations
Copyright information
© 2016 Vincenzo Formisano
About this chapter
Cite this chapter
Formisano, V. (2016). The Context: The Financial System. In: Non-Knowledge Risk and Bank-Company Management. Palgrave Macmillan Studies in Banking and Financial Institutions. Palgrave Macmillan, London. https://doi.org/10.1057/9781137497130_1
Download citation
DOI: https://doi.org/10.1057/9781137497130_1
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-56780-5
Online ISBN: 978-1-137-49713-0
eBook Packages: Economics and FinanceEconomics and Finance (R0)