Customers And Investors: A Framework For Understanding Financial Institutions

Customers and Investors: A Framework for Understanding Financial Institutions

Robert C. Merton

Massachusetts Institute of Technology (MIT) - Sloan School of Management; National Bureau of Economic Research (NBER); Harvard Business School - Finance Unit

Richard T. Thakor

Massachusetts Institute of Technology (MIT) - Sloan School of Management

June 1, 2015

Abstract:

Financial institutions have both investors and customers. Investors, such as those who invest in stocks and bonds or...

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