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Persistent link: https://www.econbiz.de/10010250731

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The evolution of the financial system and the efficiency of intermediaries and markets

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Interaction between economic growth and financial development

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The adverse selection approach to financial intermediation : some characteristics of the equilibrium financial structure

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The Adverse Selection Approach to Financial Intermediation : Some Characteristics of the Equilibrium Financial Structure

Weinberg, John A. - 2012

This paper examines an adverse selection economy in which efficient resource allocation is supported by intermediary contracts (coalitions). Agents differ along an ex ante publicly observable dimension, so that the equilibrium arrangement yields a diverse set of financial arrangements among...

Persistent link: https://www.econbiz.de/10013102208