台中央大学货币银行学.pptVIP

Chapter 8 An Economic Analysis of Financial Structure This chapter provides an economic analysis of how financial structure is designed to promote economic efficiency. It explains why financial contracts are written as they are and why financial intermediaries are more important than securities markets for getting funds to borrowers. It explains how the performance of the financial sector affects economic growth and why financial crises occur. Basic Puzzles about Financial Structure Throughout the world 1. stocks are not the most important source of external financing for businesses.