Multiple Avenues of Intermediation, Corporate Finance and Financial Stability /

Using data from the US, UK, Japan and Canada, this paper provides evidence on the benefits to an economy from "multiple avenues of intermediation". The overall conclusion is that the existence of active securities markets alongside banks is indeed beneficial to the stability of corporate f...

Disgrifiad llawn

Manylion Llyfryddiaeth
Prif Awdur: Davis, E.
Fformat: Cylchgrawn
Iaith:English
Cyhoeddwyd: Washington, D.C. : International Monetary Fund, 2001.
Cyfres:IMF Working Papers; Working Paper ; No. 2001/115
Mynediad Ar-lein:Full text available on IMF