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, 2227-8885 ; 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. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL English digitized 2010 HathiTrust Digital Library committed to preserve pda MiAaHDL Print version record 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 Form Electronic book Author Galetovic P., Alexander International Monetary Fund. IMF Institute. ISBN 145189726X 9781451897265 1281258431 9781281258434 1462322719 9781462322718 1452784558 9781452784557 9786613778024 6613778028 9781451851397 1451851391

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