The Debt Merry-Go-Round

Stephen Valdez

Chapter 1 in An Introduction to Western Financial Markets, 1993, pp 1-8 from Palgrave Macmillan

Abstract: Abstract The beginning is always a good place to start. Let’s go straight to the heart of the matter and ask the most fundamental question of all — what are the financial markets for? What is their purpose? What is the raison d’être?

Keywords: Cash Flow; Financial Market; Pension Fund; Bank Loan; Bond Market (search for similar items in EconPapers)
Date: 1993
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-22961-1_1

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DOI: 10.1007/978-1-349-22961-1_1

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