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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Bibliographic Details
Published in:	Daedalus (Cambridge, Mass.) Vol. 139; no. 4; pp. 22 - 30
Main Author:	Solow, Robert M.
Format:	Journal Article
Language:	English
Published:	One Rogers Street, Cambridge, MA 02142-1209, USA The MIT Press 22-09-2010 MIT Press American Academy of Arts and Sciences
Subjects:	Bank assets Bank capital Banking crises Banking law Banking regulation Banks Company business management Comparative analysis Credit default swaps Creditors Default Economic life Economic policy Finance Financial economics Financial institutions Financial leverage History Information Management Materials science Profit Recessions Savings Studies Taxpaying United States economic conditions United States
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Summary:	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.
Bibliography:	Fall, 2010 ObjectType-Article-2 SourceType-Scholarly Journals-1 ObjectType-Feature-1 content type line 23
ISSN:	0011-5266 1548-6192
DOI:	10.1162/DAED_a_00039