Influenced by technological innovation, banks and their businesses are changing dramatically. This book explores the transformation and prospects of financial market institutions (banks, insurance companies, pension funds and microfinance organizations) in the context of the development of...

This paper develops a general equilibrium model to examine the role of information technology when intermediaries facilitate the origination and distribution of assets given information asymmetry. Information technology measures the informativeness of asset-quality signals received by...

Chapter 1: Financial Markets: Problems and Prospects -- Chapter 2: Financial Markets: Current Trends and Factors that Determine the Functioning of Financial and Credit Institutions. Chapter 3: Paradoxes of Financial Market Institutions: Traditions and Ecosystems -- Chapter 4: The role of...