The bigger they are
Many diverse individuals, enterprises, and other institutions save - spend less on their current needs than they take in - and it is economically important that their savings be made available to those firms, governments, investors, and other units in the financial system that can make the most prof...
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Veröffentlicht in: | Daedalus (Cambridge, Mass.) Mass.), 2010-09, Vol.139 (4), p.22-30 |
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Format: | Artikel |
Sprache: | eng |
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Zusammenfassung: | Many diverse individuals, enterprises, and other institutions save - spend less on their current needs than they take in - and it is economically important that their savings be made available to those firms, governments, investors, and other units in the financial system that can make the most profitable (or otherwise valuable) use of such savings. Because most savers lack the information and understanding they would need and because they cannot easily diversify, financial institutions perform this function for them. |
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ISSN: | 0011-5266 1548-6192 |
DOI: | 10.1162/DAED_a_00039 |