haku: @author Scholtens, B. / yhteensä: 6
viite: 5 / 6
| Tekijä: | Scholtens, B. Wensveen, D. van |
| Otsikko: | A critique on the theory of financial intermediation |
| Lehti: | Journal of Banking and Finance
2000 : AUG, VOL. 24:8, p. 1243-1251 |
| Asiasana: | Banking Finance Risk management Theories |
| Kieli: | eng |
| Tiivistelmä: | This comment discusses the review by F. Allen and A. Santomero of the theory of financial intermediation in the 20th anniversary special issue of the Journal of Banking and Finance. Their view that risk management is only of recent importance to the financial industry and with putting central the concept of participation costs is not fully agreed with. It is suggested how the theory of financial intermediation might be developed further in order to understand present-day phenomena in the financial services sector. |
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