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Paperback Comparing Financial Systems Book

ISBN: 0262511258

ISBN13: 9780262511254

Comparing Financial Systems

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Format: Paperback

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Book Overview

The authors argue that the view that market-based systems are best is simplistic; a more nuanced approach is necessary.

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 and firms to share risks...

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