Customers and Investors: A Framework for Understanding the Evolution of Financial Institutions

© 2018 Elsevier Inc. Financial institutions are financed by both investors and customers. Investors expect an appropriate risk-adjusted return for providing financing and risk bearing. Customers, in contrast, provide financing in exchange for specific services, and want the service fulfillment to be...

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Bibliographic Details
Main Authors: Merton, Robert C, Thakor, Richard T
Format: Article
Language:English
Published: Elsevier BV 2021
Online Access:https://hdl.handle.net/1721.1/134745