IDEAS home Printed from https://ideas.repec.org/h/spr/sptchp/978-3-030-05427-4_2.html
   My bibliography  Save this book chapter

Financial Markets and Institutions

In: Economic Foundations for Finance

Author

Listed:
  • Thorsten Hens

    (University of Zurich)

  • Sabine Elmiger

    (University of Zurich)

Abstract

It is obvious that economies depend on markets for labor and for products, such as consumption goods. In these markets, the so-called “Main Street”, employers find employees who are most suitable for them, and households find products which are best for them. So why then is there a need for Wall Street? That is, why is there a need for bond markets, stock markets and a variety of option markets, where enigmatic persons such as Warren Buffet, George Soros and Bernard Madoff snatch each other’s money? And why do workers and entrepreneurs of “Main Street” need to rescue institutions of Wall Street (investment banks, commercial banks, mortgage banks, etc.) from collapse with billions of dollars in the end? These controversial questions can only be answered if one understands the functions of financial markets and their institutions.

Suggested Citation

  • Thorsten Hens & Sabine Elmiger, 2019. "Financial Markets and Institutions," Springer Texts in Business and Economics, in: Economic Foundations for Finance, chapter 2, pages 5-9, Springer.
    • Handle: RePEc:spr:sptchp:978-3-030-05427-4_2
    DOI: 10.1007/978-3-030-05427-4_2
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sptchp:978-3-030-05427-4_2. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.