ISSN:
1572-9982
Keywords:
financial structure
;
financial intermediation
;
regulation
;
capital structure
;
agency relationships
;
debt maturity structure
Source:
Springer Online Journal Archives 1860-2000
Topics:
Economics
Notes:
Abstract The article provides a survey of one of the most important elements of financial structure, namely credit to firms and households, by means of five distinguished theoretical issues. It is complemented by a survey of relevant stylized facts for six European countries. A cross-country comparison across Europe shows that indirect credit markets with banks as the main players are far more important than direct credit markets, and that the most striking difference in financial structure among the countries considered relates to debt maturity.
Type of Medium:
Electronic Resource
URL:
http://dx.doi.org/10.1023/A:1003249012167
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