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Institutionalization of Savings and the Long-Term Outlook for the Securities Industry

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  • Friend, Irwin

Abstract

I am going to consider three questions. First, what have been the trends in the institutionalization of savings and, as a consequence, in the evolving role of institutions in the equity markets? Second, what have been the effects of these trends on the securities industry, narrowly defined; that is, on the securities broker-dealers. And, third, what have been the effects of these trends on the financial markets and the economy as a whole?

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  • Friend, Irwin, 1972. "Institutionalization of Savings and the Long-Term Outlook for the Securities Industry," Journal of Financial and Quantitative Analysis, Cambridge University Press, vol. 7(s1), pages 1691-1695, March.
    • Handle: RePEc:cup:jfinqa:v:7:y:1972:i:s1:p:1691-1695_01
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