Abstract: Financial markets are not an idealized entity, they are characterized by a well-defined institutional setting. It would be difficult to understand the functioning of financial markets without considering their institutional setting, in particular it is important to understand the role of market makers, dealers, and brokers who have a well-defined role in the market. They run their own business but they also act to coordinate and supervise the market by helping demand and supply to meet.
Publication Year: 2003
Publication Date: 2003-01-01
Language: en
Type: book-chapter
Indexed In: ['crossref']
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