Financial Intermediation and the Functioning of Capital Markets (Classic Reprint) - Couverture souple

Tamir Agmon

9781334474156: Financial Intermediation and the Functioning of Capital Markets (Classic Reprint)

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ISBN 10 : 133447415X ISBN 13 : 9781334474156

Editeur : Forgotten Books, 2018

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Excerpt from Financial Intermediation and the Functioning of Capital MarketsAbout the PublisherForgotten 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 on our website before purchase.

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�diteur: Forgotten Books
Date d'�dition: 2018
Langue: anglais
ISBN 10: 133447415X
ISBN 13: 9781334474156
Reliure: Broch�
Nombre de pages: 33
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Financial Intermediation and the Functioning of Capital Markets

Tamir Agmon, Richard A. Cohn

Edit� par Forgotten Books, 2018

ISBN 10 : 133447415X ISBN 13 : 9781334474156

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Vendeur : Forgotten Books, London, Royaume-Uni

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Paperback. Etat : New. 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. print-on-demand item. N� de r�f. du vendeur 9781334474156_0

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