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Liquidity, banks, and markets : effects of financial development on banks and the maturity of financial claims (English)

Abstract

Financial markets and financial institutions compete to provide investors with liquidity. The author examines the roles of banks and markets when both are active, characterizing how development of the financial markets affects the structure and market... See More +

Details

  • Diamond, Douglas W.;
  • 1996/01/31
  • Policy Research Working Paper
  • WPS1566
  • 1
  • Liquidity, banks, and markets : effects of financial development on banks and the maturity of financial claims
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