haku: @author Merton, R. / yhteensä: 2
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| Tekijä: | Merton, R. |
| Otsikko: | A functional perspective of financial intermediation |
| Lehti: | Financial Management
1995 : SUMMER, VOL. 24:2, p. 23-41 |
| Asiasana: | FINANCIAL MANAGEMENT FINANCIAL INTERMEDIARIES FINANCE |
| Kieli: | eng |
| Tiivistelmä: | New financial product designs, improved computer and telecommunications technology, and advances in the theory of finance have led to dramatic and rapid changes in the structure in the structure of global financial markets and institutions. This paper offers a functional perspective as the conceptual framework for analyzing the dynamics of institutional changes in financial intermediation and uses a series of examples to illustrate the range of institutional change that is quite likely to occur. |
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