Theory of Financial Intermediation: A Portfolio Approach
نویسندگان
چکیده
منابع مشابه
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The savings/investment process in capitalist economies is organized around financial intermediation, making them a central institution of economic growth. Financial intermediaries are firms that borrow from consumer/savers and lend to companies that need resources for investment. In contrast, in capital markets investors contract directly with firms, creating marketable securities. The prices o...
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ژورنال
عنوان ژورنال: Vikalpa: The Journal for Decision Makers
سال: 1978
ISSN: 0256-0909,2395-3799
DOI: 10.1177/0256090919780205