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Published in:
1998 | OriginalPaper | Chapter
Credit Markets
Author : Nadine Levratto
Published in: Markets and Organization
Publisher: Springer Berlin Heidelberg
Included in: Professional Book Archive
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If no one tries to deny the importance of financial institutions in the realization of investment projects, it has been hard to reach a consensus on the means to collect the funds necessary to create a productive activity. And, has it really been reached? In fact, isn’t it somewhat striking to notice that whereas financing by saving is unanimously qualified as good and beneficial to society, serious doubts are raised about the validity of loans granted by financial institutions.