Banks in Capital Markets : a Survey

  title={Banks in Capital Markets : a Survey},
  author={Steven Drucker and Manju Puri},
Banks are an important source of funding in economies all around the world, making it vital to understand how banks directly and indirectly affect funding through capital markets. Few issues have perhaps been as controversial as the appropriate scope of bank activities and whether banks should participate directly in capital market activities, providing both lending and other services, such as underwriting. We review the arguments and theoretical models that consider the consequences of… CONTINUE READING

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