Posted on 2011-12-15, by soc_arm7.
Comparing Financial Systems
Author: Franklin Allen, Douglas Gale
Publisher: The MIT Press
Publication Date: 2001-03-01
ISBN #: 0262511258
EAN Code: 9780262511254
Financial systems are crucial to the allocation of resources in a modern economy. They channel household savings to the corporate sector and allocate investment funds among firms; they allow intertemporal smoothing of consumption by households and expenditures by firms; and they enable households an...
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