Financial Intermediation and the Functioning of Capital Markets
Language: English
Published by Forgotten Books, 2018
- Softcover
- New
Seller: Forgotten Books, London, United KingdomForgotten Books
AbeBooks seller since June 2, 2021
Condition: New
£ 13.21
Quantity: Over 20 available
Add to basketItem description from seller
Print on Demand. This book takes a thoughtful look at financial markets and their interconnectedness with intermediaries, unpacking the 'why' and 'how' of their existence. The author provides a novel perspective by viewing financial intermediaries as providers of a valuable service, akin to securities and claims, that expands the options available to investors. Through a detailed analysis of supply and demand dynamics, the book explores the factors shaping the provision of these services, including transaction costs and the aggregation of individual needs. The author builds on existing understandings of financial intermediation by emphasizing the interplay between individual demands and the structure of transaction costs, particularly information costs. Through the introduction of 'attributes,' distinct characteristics of securities, the book establishes a framework for understanding how financial intermediaries assemble these attributes to create new financial instruments. The book offers a fresh outlook on the evolution of financial intermediation, tracing its roots from bilateral trades to the emergence of organized markets. Notably, it highlights the role of transaction costs in driving the development of financial intermediaries, who emerge as efficient facilitators in a world of imperfect information and high trading costs. The author concludes by presenting a nuanced view of financial intermediation, recognizing its contribution to expanding investment opportunities for individuals and its role in shaping the overall structure of capital markets. This book serves as a valuable resource for those seeking a deeper understanding of financial markets and the intricate functions of financial intermediaries within them. Its insights shed new light on the dynamics of capital markets and offer a comprehensive framework for analyzing their behavior. This book is a reproduction of an important historical work, digitally reconstructed using state-of-the-art technology to preserve the original format. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in the book.…
Seller Inventory # 9781334474156_0
- Title
- Financial Intermediation and the Functioning of Capital Markets
- Author
- Tamir Agmon, Richard A. Cohn
- Publisher
- Forgotten Books
- Publication year
- 2018
- Condition
- New
- Book Type
- print-on-demand item
- Binding
- Paperback
- Language
- English
- ISBN 10
- 133447415X
- ISBN 13
- 9781334474156
- Seller catalogs
- Economics
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Forgotten Books
London, United Kingdom
AbeBooks seller since June 2, 2021
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Forgotten Books’ Classic Reprint Series utilizes the latest technology to regenerate facsimiles of historically important writings. Careful attention has been made to accurately preserve the original format of each page whilst digitally enhancing the quality of the aged text.
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Forgotten Books publishes hundreds of thousands of rare and classic books.
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
This text has been digitally restored from a historical edition. Some errors may persist, however we consider it worth publishing due to the work's historical value.
The digital edition of all books may be viewed before purchase if you request a sample.
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