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Financial Intermediation and Deregulation
Tobias Miarka
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Description for Financial Intermediation and Deregulation
Paperback. This text attempts to give a comprehensive description and testable theory of the complicated, but not unintelligible system of bank-firm relationships in the dynamic environment of a gradually deregulated financial market. Series: Contributions to Economics. Num Pages: 150 pages, 26 black & white tables, biography. BIC Classification: 1FPJ; KFFD; KJQ. Category: (P) Professional & Vocational. Dimension: 235 x 155 x 9. Weight in Grams: 264.
The author develops a model of bank-firm relationships on the basis of the following general idea: Banks want to prevent moral hazard on the side of their customers. In particular they want to prevent their business customers to use bank credit for purposes different from those that have been negotiated thus damaging the bank's interest. The idea of this model is relatively simple. Banks do not extend a loan if the project for which the money is intended will probably be un profitable. They extend the loan if the success of the project is highly probable and if the revenues ... Read more
The author develops a model of bank-firm relationships on the basis of the following general idea: Banks want to prevent moral hazard on the side of their customers. In particular they want to prevent their business customers to use bank credit for purposes different from those that have been negotiated thus damaging the bank's interest. The idea of this model is relatively simple. Banks do not extend a loan if the project for which the money is intended will probably be un profitable. They extend the loan if the success of the project is highly probable and if the revenues ... Read more
Product Details
Format
Paperback
Publication date
2000
Publisher
Springer-Verlag Berlin and Heidelberg GmbH & Co. KG Germany
Number of pages
150
Condition
New
Series
Contributions to Economics
Number of Pages
150
Place of Publication
Heidelberg, Germany
ISBN
9783790813074
SKU
V9783790813074
Shipping Time
Usually ships in 15 to 20 working days
Ref
99-15
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