Investment banking and security market development : does finance follow industry? /

Investment banking and security market development : does finance follow industry? /

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Bibliographic Details
Author / Creator:	Anand, Bharat Narendra, 1966-
Imprint:	[Washington, D.C.] : International Monetary Fund, IMF Institute, ©2001.
Description:	1 online resource (25 pages) : illustrations
Language:	English
Series:	IMF working paper, 2227-8885 ; WP/01/90 IMF working paper ; WP/01/90.
Subject:	Investment banking -- Econometric models. Corporations -- Finance -- Econometric models. Business enterprises -- Finance -- Econometric models. Securities -- Econometric models. Business enterprises -- Finance -- Econometric models. Corporations -- Finance -- Econometric models. Securities -- Econometric models.
Format:	E-Resource Book
URL for this record:	http://pi.lib.uchicago.edu/1001/cat/bib/12497459

Hidden Bibliographic Details
Other authors / contributors:	Galetovic P., Alexander. International Monetary Fund. IMF Institute.
ISBN:	145189726X 9781451897265 1281258431 9781281258434 1462322719 9781462322718 1452784558 9781452784557 9786613778024 6613778028 9781451851397 1451851391
Notes:	Includes bibliographical references (pages 23-25). Restrictions unspecified Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010. Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 English. digitized 2010 HathiTrust Digital Library committed to preserve Print version record.
Summary:	Annotation 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.
Other form:	Print version: Anand, Bharat Narendra, 1966- Investment banking and security market development. [Washington, D.C.] : International Monetary Fund, IMF Institute, ©2001
Standard no.:	10.5089/9781451897265.001

Description
Summary:	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.
Physical Description:	1 online resource (25 pages) : illustrations
Format:	Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
Bibliography:	Includes bibliographical references (pages 23-25).
ISBN:	145189726X 9781451897265 1281258431 9781281258434 1462322719 9781462322718 1452784558 9781452784557 9786613778024 6613778028 9781451851397 1451851391
ISSN:	2227-8885 ;