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The Financial System and Economic Performance

  • Merton R
Springer Netherlands, (1990), 5-42
DOI: 10.1007/978-94-011-3876-5_2
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Abstract

The core function of the financial system is to facilitate the allocation and deployment of economic resources, both spatially and across time, in an uncertain environment. This system includes the basic payment system through which virtually all transactions clear...

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APA

Merton, R. C. (1990). The Financial System and Economic Performance. In International Competitiveness in Financial Services (pp. 5–42). Springer Netherlands. https://doi.org/10.1007/978-94-011-3876-5_2

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