Financial Law and Risk Control
Comparing Financial Systems
Franklin Allen and Douglas Gale
- Year
- 2000
- Venue
- MIT Press
- Level
- Advanced
Summary
Compares market-based and bank-based financial systems as different institutional responses to information, governance, risk sharing, and competition. The book rejects a single best architecture and emphasizes functional tradeoffs.
Citation
Franklin Allen and Douglas Gale. "Comparing Financial Systems." MIT Press, 2000.
BibTeX
@book{Allen2000Comparing,
title = {Comparing Financial Systems},
author = {Franklin Allen and Douglas Gale},
year = {2000},
publisher = {MIT Press},
url = {https://mitpress.mit.edu/9780262011778/comparing-financial-systems/}
}