TY  - BOOK
AU  - Anand,Bharat Narendra
AU  - Galetovic,Alexander
TI  - Investment banking and security market development: does finance follow industry? 
T2  - IMF working paper
U1  - 332.66 21
PY  - 2001///
CY  - Washington, D.C.
PB  - International Monetary Fund
KW  - BANCOS DE INVERSION
KW  - MERCADO DE VALORES
KW  - MODELOS ECONOMICOS
N1  - Bibliografía: p. 23-25
N2  - 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
UR  - http://www.imf.org/external/pubs/ft/wp/2001/wp0190.pdf
ER  -