Bank-based versus market-based financial systems:Effect on financial markets
This essay discusses the differences between the bankbased and market-based financial systems. The comparison between these two systems implicates the merits and shortcomings of each type in conjunction with the application of the competing theories of financial structure. The paper indicates that it is less advisable to distinguish which type of financial system is better than focus on the optimization of managerial efficiency and the impacts on financial markets under the distinct financial circumstances.
Xiao Xiao
Economics and Management School Wuhan University School of International Education Wuhan University of Technology Wuhan, P.R.China
国际会议
International Conference on Management and Service Science(2011年第五届管理与服务科学国际会议 MASS 2011)
武汉
英文
1-4
2011-08-12（万方平台首次上网日期，不代表论文的发表时间）