Banks and Capital Markets

Carlos M. Peláez and Carlos A. Peláez

Chapter 3 in Government Intervention in Globalization, 2008, pp 40-56 from Palgrave Macmillan

Abstract: Abstract An important characteristic of the current process of globalization is the integration of banking and capital markets. The earliest and still critically important financial institution is the commercial bank. It was also the first to establish business over many jurisdictions around the world. Commercial or specialized banks take deposits from the public and provide loans to companies and individuals. Investment banks provide services of insurance and securities, both equities and debt. Different structures of universal banking provide services of insurance and securities together with commercial banking activities. Hedge funds use a flexible business model to take large positions based on leverage or borrowings well above their capital. Private equity groups borrow funds to turn public companies into private entities that can improve the business model.

Keywords: Interest Rate; Cash Flow; Capital Market; Commercial Bank; Hedge Fund (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-22834-4_4

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DOI: 10.1057/9780230228344_4

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