Government Intervention in the French Financial System

Florin Aftalion and Alain Siaens

Chapter 7 in Competition and Regulation in Financial Markets, 1981, pp 157-174 from Palgrave Macmillan

Abstract: Abstract The main reason for the existence of financial systems is intermediation between savers and investors. Financial intermediaries channel funds from economic units which are ready to lend to other units which would like to borrow. Assessments about how well intermediation is achieved are made in general on the basis of allocation efficiency (how well the system matches lenders and borrowers; there should be nobody ready to lend at rates below the market rate or ready to borrow at rates above the market rate) and cost efficiency (which is the amount of funds diverted from lenders and borrowers for the functioning of the system).

Keywords: Interest Rate; Monetary Policy; Commercial Bank; Money Market; Market Rate (search for similar items in EconPapers)
Date: 1981
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-05585-2_7

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DOI: 10.1007/978-1-349-05585-2_7

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