TY  - BOOK
AU  - Anand,Bharat Narendra
AU  - Galetovic P.,Alexander
TI  - Investment Banking and Security Market Development: Does Finance Follow Industry? 
T2  - IMF Working Papers; Working Paper
SN  - 1451851391 :
SN  - 1018-5941
PY  - 2001///
CY  - Washington, D.C.
PB  - International Monetary Fund
KW  - Banking Industry
KW  - imf
KW  - Banking
KW  - Financial Institutions and Services: General
KW  - Firm Organization and Market Structure
KW  - Investment Bank
KW  - Investment Banking
KW  - United States
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 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
UR  - http://elibrary.imf.org/view/IMF001/03803-9781451851397/03803-9781451851397/03803-9781451851397.xml
UR  - http://www.imfbookstore.org/IMFORG/9781451851397
ER  -