Normal view MARC view ISBD view

Anand, Bharat Narendra.

Investment Banking and Security Market Development Does Finance Follow Industry? / Bharat Narendra Anand. [electronic resource] : Bharat Narendra Anand. - Washington, D.C. : International Monetary Fund, 2001. - 1 online resource (26 p.) - IMF Working Papers; Working Paper ; No. 01/90 . - IMF Working Papers; Working Paper ; No. 01/90 .

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 explore 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.

ISBN: 1451851391 : 15.00 USD

ISSN: 1018-5941

Standard No.: 10.5089/9781451851397.001 doi

Subjects--Topical Terms:
Banking Industry
Banking
Financial Institutions and Services: General
Firm Organization and Market Structure
Investment Bank
Investment Banking

Subjects--Geographic Terms:
United States