0
Your cart

Your cart is empty

Books > Business & Economics > Finance & accounting > Finance > Banking

Not currently available

Why Banks?: Microeconomic Foundations of Financial Intermediaries (Electronic book text)
Why Banks?: Microeconomic Foundations of Financial Intermediaries (Electronic book text):
Why Banks?: Microeconomic Foundations of Financial Intermediaries (Electronic book text):

Share your images

Why Banks?: Microeconomic Foundations of Financial Intermediaries (Electronic book text)

 (sign in to rate)

Bookmark and Share

We don't currently have any sources for this product. If you add this item to your wish list we will let you know when it becomes available.

In the banking literature the existence of financial intermediaries is generally explained in terms of the transformation of risks, terms and lot-sizes. Yet these functions could also be performed by system of perfect and complete markets. Therefore, the approach taken in "Why Banks"? is to start by investigating the conditions that, in the real world, render markets imperfect and incomplete, namely asymmetric information distribution and uncertainty. Incentive compatible financing instruments (standard debt contracts as well as equity participation) provide a means of solving these problems. Financial intermediaries ultimately owe their existence to their ability to save transaction costs using these instruments and to solve problems relating to the enforcement of contracts.

General

Imprint: Heinemann Publishing
Country of origin: United States
Release date: 2012
Format: Electronic book text
Pages: 298
ISBN-13: 978-1-299-43076-1
Barcode: 9781299430761
Categories: Promotions
Books > Business & Economics > Finance & accounting > Finance > Banking
Books > Money & Finance > Banking
LSN: 1-299-43076-7

Is the information for this product incomplete, wrong or inappropriate? Let us know about it.

Does this product have an incorrect or missing image? Send us a new image.

Is this product missing categories? Add more categories.

Review This Product

No reviews yet - be the first to create one!

Loyalty partners