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Erschienen in:
2007 | OriginalPaper | Buchkapitel
Analysis of Mutual Fund Demand in the Spanish Market
verfasst von : Begoña Torre-Olmo, Carlos López-Gutiérrez, Sergio Sanfilippo Azofra
Erschienen in: Diversification and Portfolio Management of Mutual Funds
Verlag: Palgrave Macmillan UK
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The globalization of today’s economy has led to a renewed interest in financial systems that can explicate the differences in the evolution of market-based and bank-based systems.1 In market-based systems, a legal separation is made between the typical commercial banking activity of resource-building, loan-granting and credit risk, and the development of activities such as stock-brokerage operations, wealth management, and assessing takeovers and acquisitions, which are carried out by other entities known as business or investment banks.