Product Description
This book examines firms, intermediaries, finance market instruments and financial risk management. A running theme of "transaction costs" ties the concepts together. The intermediation process is developed as a broad theme extending into their influence over the financial instruments and markets in which intermediaries operate.
From the Publisher
Takes a unique approach by presenting financial intermediation as a process that goes beyond the institutional details of financial institutions an d markets. It uses "transactions cost" as a paradigm to explain how markets and firms are esta blished and how financial institutions play a unique role in producing information-driven financial products.