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Author Anand, Bharat Narendra, 1966-

Title Investment banking and security market development : does finance follow industry? / Bharat N. Anand and Alexander Galetovic
Published [Washington, D.C.] : International Monetary Fund, IMF Institute, [2001]
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Description 1 online resource (25 pages) : illustrations
Series IMF working paper ; WP/01/90
IMF working paper ; WP/01/90
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
Bibliography Includes bibliographical references (pages 23-25)
Notes 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. MiAaHDL
digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL
Print version record
Subject Business enterprises -- Finance -- Econometric models.
Corporations -- Finance -- Econometric models.
Investment banking -- Econometric models.
Securities -- Econometric models.
Form Electronic book
Author Galetovic P., Alexander.
IMF Institute.
International Monetary Fund.
ISBN 1281258431