Investment Banking
Nektarios Michail
Chapter Chapter 6 in Money, Credit, and Crises, 2021, pp 105-114 from Springer
Abstract:
Abstract Up until the 1970s, investment banking included just a handful of active players. Since then, investment banking has increased in both size and impact, taking up a much larger portion of total banking activities. This chapter overviews the services provided by investment banks, starting from the basic middleman service of connecting investors to fund seekers, and moving on to other more complex activities such as securities lending. To provide beginners with an understanding of how investment banking works, the chapter offers a simplified presentation of how financial instruments, such as derivatives and repurchase agreements, are constructed and used.
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-64384-3_6
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DOI: 10.1007/978-3-030-64384-3_6
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