The Economics of financial Matching
AbstractIn this paper we try to place the phenomenon of financial matching in the broader context of financial economics. We explore the conceptual links with collateral, leverage, role of capital in financial intermediaries and non-financial corporations, the risk-shifting between the financial and the non-financial sectors, and public policy implications. A broader research agenda is outlined. Although this is a far cry from a survey, we summarized two paradigms of financial economics which can buttress this endeavor. Finally, we prepared a small analytical example to analyze financial matching in a corporate governance setting.
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Bibliographic InfoPaper provided by Department of Economics - dECON in its series Documentos de Trabajo (working papers) with number 1002.
Length: 16 pages
Date of creation: Dec 2002
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