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The Economics of Security Divisibility and Financial Intermediation

1973; Wiley; Volume: 28; Issue: 4 Linguagem: Inglês

10.2307/2978344

1540-6261

Michael A. Klein,

Banking stability, regulation, efficiency

The Journal of FinanceVolume 28, Issue 4 p. 923-931 Article THE ECONOMICS OF SECURITY DIVISIBILITY AND FINANCIAL INTERMEDIATION Michael A. Klein, Michael A. KleinAssociate Professor of Economics, Indiana University. I would like to thank the Office of Research and Advanced Studies at Indiana University for its financial support. I am also grateful to the referee for clarifying the argument at a number of points in the exposition.Search for more papers by this author Michael A. Klein, Michael A. KleinAssociate Professor of Economics, Indiana University. I would like to thank the Office of Research and Advanced Studies at Indiana University for its financial support. I am also grateful to the referee for clarifying the argument at a number of points in the exposition.Search for more papers by this author First published: September 1973 https://doi.org/10.1111/j.1540-6261.1973.tb01416.xCitations: 7 Read the full textAboutPDF ToolsRequest permissionExport citationAdd to favoritesTrack citation ShareShare Give accessShare full text accessShare full-text accessPlease review our Terms and Conditions of Use and check box below to share full-text version of article.I have read and accept the Wiley Online Library Terms and Conditions of UseShareable LinkUse the link below to share a full-text version of this article with your friends and colleagues. Learn more.Copy URL Share a linkShare onEmailFacebookTwitterLinkedInRedditWechat REFERENCES 1 Eugene Fama. “Risk, Return, and Equilibrium”. Journal of Political Economy, 79 (Feb., 1971). 2 Eugene Fama and Merton H. Miller. The Theory of Finance.Holt, Rinehart and Winston, 1972. 3 John G. Gurley and Edward Shaw. Money in a Theory of Finance. Washington: Brookings Institution, 1960. 4 Jan Mossin. “Equilibrium in a Capital Asset Market”, Econometrica. XXXIV (October, 1966). 5 William F. Sharpe. “Capital Asset Prices: A Theory of Market Equilibrium Under Conditions of Risk”, Journal of Finance. XIX (Sept., 1964). 6 James Tobin. “Liquidity Preference as Behavior Towards Risk”, Review of Economic Studies. XXV (Feb., 1958). Citing Literature Volume28, Issue4September 1973Pages 923-931 ReferencesRelatedInformation