Investment banking and security market development :
Anand, Bharat Narendra, 1966-
Investment banking and security market development : does finance follow industry? / prepared by Bharat N. Anand and Alexander Galetovic. - Washington, D.C. : International Monetary Fund, 2001 - 25 p. - IMF working paper ; no. WP/01/90 .
Bibliografía: p. 23-25.
Long-term relationships between business firms and investment banks are pervasive in developed security markets and there is evidence that better monitoring and information result from these relationships. Therefore, security markets should allocate resources better when an investment banking industry exists. We study the necessary conditions for the emergence of sustainable relationships and whether policy can foster them. We show that policy can help alleviate the costs of relationships, but an investment banking industry will not emerge with only a small number of large firms.
BANCOS DE INVERSION
MERCADO DE VALORES
MODELOS ECONOMICOS
332.66
Investment banking and security market development : does finance follow industry? / prepared by Bharat N. Anand and Alexander Galetovic. - Washington, D.C. : International Monetary Fund, 2001 - 25 p. - IMF working paper ; no. WP/01/90 .
Bibliografía: p. 23-25.
Long-term relationships between business firms and investment banks are pervasive in developed security markets and there is evidence that better monitoring and information result from these relationships. Therefore, security markets should allocate resources better when an investment banking industry exists. We study the necessary conditions for the emergence of sustainable relationships and whether policy can foster them. We show that policy can help alleviate the costs of relationships, but an investment banking industry will not emerge with only a small number of large firms.
BANCOS DE INVERSION
MERCADO DE VALORES
MODELOS ECONOMICOS
332.66