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Die 40. Auflage des gut benutzten Klassikers ist in Umfang und vor allem im Preis wesentlich erweitert (zuletzt BA 10/93). Teile des Buches wurden völlig neu konzipiert, um den tiefgreifenden Veränderungen in der nationalen und internationalen Finanzwirtschaft Rechnung zu tragen. Gleiches gilt...
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Traditionally, financial systems have been bank-based or market-based. The efficiency properties of these systems are …, and law, finance and politics. Both systems have advantages and disadvantages. With regard to stability, both bank …
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In this paper I review the theory of financial intermediation in order to explain the existence of banks. In the … complete there is no need for intermediaries. But banks have existed for many centuries. The theory of financial intermediation …
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