Skip to Content
Explaining Money & Banking
book

Explaining Money & Banking

by Byron B. Carson, Robert E. Wright
July 2023
Beginner to intermediate
224 pages
5h 8m
English
Business Expert Press
Content preview from Explaining Money & Banking

CHAPTER 9

Competition and Financial Intermediaries

We now have a better understanding of how financial markets work. We should also recognize that competition within these markets encourages suppliers of financial goods to discover better ways of making their customers happy. An important way in which markets encourage people to organize financial services is through the creation of financial intermediaries like commercial and investment banks, insurance companies, and pension funds. In competitive settings, financial intermediaries face incentives to find better, cheaper ways of providing credit and liquidity, developing insurance plans, and offering various kinds of investment opportunities, for example, pension plans. Competition between stock ...

Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.

Read now

Unlock full access

More than 5,000 organizations count on O’Reilly

AirBnbBlueOriginElectronic ArtsHomeDepotNasdaqRakutenTata Consultancy Services

QuotationMarkO’Reilly covers everything we've got, with content to help us build a world-class technology community, upgrade the capabilities and competencies of our teams, and improve overall team performance as well as their engagement.
Julian F.
Head of Cybersecurity
QuotationMarkI wanted to learn C and C++, but it didn't click for me until I picked up an O'Reilly book. When I went on the O’Reilly platform, I was astonished to find all the books there, plus live events and sandboxes so you could play around with the technology.
Addison B.
Field Engineer
QuotationMarkI’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.
Amir M.
Data Platform Tech Lead
QuotationMarkI'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.
Mark W.
Embedded Software Engineer

You might also like

How Finance Works

How Finance Works

Mihir Desai
The Human Factor in AI-Based Decision-Making

The Human Factor in AI-Based Decision-Making

Philip Meissner, Christoph Keding
How to Overcome a Power Deficit

How to Overcome a Power Deficit

Cyril Bouquet, Jean-Louis Barsoux

Publisher Resources

ISBN: 9781637424681