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This book relates the literatures of finance, industrial economics and investment to the theoretical framework of the 'credit view.' First, banks' decisions concerning their assets are seen as at least as relevant as their decisions concerning their liabilities. Second, securities and bank credit are highly imperfect substitutes. The interactions between real and financial sectors are analyzed from the point of view of the industrial firm, in a model where the investment and financial decisions of the firm are taken simultaneously.
⚠️ WARNING (California Proposition 65):
This product may contain chemicals known to the State of California to cause cancer,
birth defects, or other reproductive harm.
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