Menu
Виж статуса на поръчката
Свържете се с нас
Книга Financial Intermediation and Deregulation Tobias Miarka

Financial Intermediation and Deregulation

A Critical Analysis of Japanese Bank-Firm Relationships. Diss.

Автор: Tobias Miarka
Език: Английски език
Корици: С меки корици
Издател: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
Наличност: Външен склад
Изпращаме след 5-8 дни
52.65 € 102.98 лв
The author develops a model of bank-firm relationships on the basis of the following general idea: B...

Информация за книгата

Автор
Tobias Miarka
Език
Английски език
Корици
Книга - С меки корици
Издадена
2000
страници
150
EAN
9783790813074
ISBN
3790813079
Enbook ID
07009510
Издател
Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
Теглоt
265
Размери
155 x 235 x 10

Пълно описание

The author develops a model of bank-firm relationships on the basis of the following general idea: Banks want to prevent moral hazard on the side of their customers. In particular they want to prevent their business customers to use bank credit for purposes different from those that have been negotiated thus damaging the bank's interest. The idea of this model is relatively simple. Banks do not extend a loan if the project for which the money is intended will probably be un profitable. They extend the loan if the success of the project is highly probable and if the revenues from that project are greater than the expenses of the bank for monitoring the customer. Assuming as Miarka does that the results from a successful project are certain, this model is an equivalent to minimizing moni toring costs. In fact, this is the outcome of the model. The banks are known to monitor their loans. They thereby signal to the capital market that they have tested the project. Therefore, the buyer of bonds of the company on the capital market may rest assured that the project is financially sound. The buyers of bonds thus avoid monitoring costs and can grant better credit conditions than the banks. Pur chasers of bor. . ds are free riders on the monitoring of the banks. Miarka tests his model econometrically. The results are amazingly supportive of the model.

Може също да ви хареса

Figure Skating

25.37 € 49.63 лв

Blue Vaudeville

Andrew L. Erdman
39.94 € 78.12 лв

Just Plain Fancy

Patricia Polacco
8.90 € 17.42 лв

Globalization and Self-Determination

Annalisa Zinn
172.19 € 336.77 лв

Introduction to Environmental Epidemiology

Evelyn Talbott
247.57 € 484.21 лв

THE YOUNG MAN'S AFFAIR

CHARLES REYNO BROWN
37.94 € 74.20 лв

Call For True Democracy

Patricio R Mamot
13.11 € 25.64 лв

Listening in Action

Rebecca M Rinsema
58.46 € 114.34 лв

Classic Album Series

CHRIS WADE
14.16 € 27.70 лв

Memoirs Of A Huguenot Family (1853)

James Fontaine
53.50 € 104.65 лв

Artificial Life and Evolutionary Computation

Stefano Cagnoni
74.88 € 146.45 лв

Клиенти, които купиха тази книга, купиха също

Qualitat und Testbarkeit Hochintegrierter Schaltungen

Mehrdad Bidjan-Irani
54.11 € 105.82 лв

Antigenotoxicidad de la espinaca

Castillo Ordonez Willian Orlando
26.62 € 52.07 лв

Fisioterapeutas del Servicio de Salud de Castilla y León (SACYL). Test. Personal Estatutario

Gomez Martinez
31.18 € 60.98 лв