Private Institutions

Carlos M. Peláez and Carlos A. Peláez

Chapter 3 in Globalization and the State: Volume I, 2008, pp 46-77 from Palgrave Macmillan

Abstract: Abstract There are key private institutions in the money and capital markets that intermediate funds between savers and investors. This chapter provides the foundation of information and analysis required in Chapter 5 on intervention by the state and Chapter 3 of Volume II on financial globalization. Commercial banks are essential in nearly all economies with market allocation. They were among the first institutions to engage in cross-border transactions. There is a brief introduction to commercial banks in this chapter that is complemented in various sections throughout the remainder of this book.

Keywords: Commercial Bank; Agency Cost; Hedge Fund; Private Equity; Private Institution (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-22828-3_4

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DOI: 10.1057/9780230228283_4

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