Financial Infrastructure, Group Interests, and Capital Accumulation : Theory, Evidence, and Policy »
Series: IMF Working Papers
Author(s): Biaggio Bossone , Sandeep Mahajan , and Farah Zahir
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 28 February 2003
Keywords: Nonbank financial intermediation, Group interest, Information, Knowledge, Transaction costs, banking, banking sector, financial markets, financial sector, transaction cost
This study presents a theory of financial infrastructure - or the set of rules, institutions, and systems within which agents carry out financial transactions. It investigates the effects of financial infrastructur...