 Non—Banking Financial Institutions and Capital MarketsChapter 3 in Greek Banking, 2012, pp 36-52 from Palgrave Macmillan Abstract: Abstract There is no doubt that banks are the most important players in the financial services industry. In fact, non-bank financial sectors (insurance companies, mutual funds, investment firms, etc.) make up only a very small part of the Greek financial system. However, given the linkages of these sectors with banking as well as with the overall economic development, the present chapter provides a brief discussion of the recent trends in these sectors. Furthermore, Section 3.3 discusses the developments in capital markets, focusing on the Athens stock exchange (ASE) and the market for government paper. The conditions in the stock exchange can influence the banking sector through various avenues. First, the stock exchange can be an alternative source of funds for corporations. Second, as most of the Greek banks are publicly listed their stock market capitalization depends on the conditions in the ASE. Considering that Greek banks traditionally maintain important positions in government paper issued by the Greek state, the developments in this market can have important implications for the sector. Keywords: Total Asset; Euro Area; Mutual Fund; Annual Percentage Change; Bond Yield (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-1-137-27157-0_3 Ordering information: This item can be ordered from Access Statistics for this chapter More chapters in Palgrave Macmillan Studies in Banking and Financial Institutions from Palgrave Macmillan |
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