01717cas a2200253 a 4500 AALejournalIMF001488 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451851397 1018-5941 BD-DhAAL BD-DhAAL Anand, Bharat. Investment Banking and Security Market Development : Does Finance Follow Industry? / Bharat Anand, Alexander Galetovic P. Washington, D.C. : International Monetary Fund, 2001. 1 online resource (26 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students Long-term relationships between business firms and investment banks are pervasive in developed security markets and there is evidence that better monitoring and information result from these relationships. Therefore, security markets should allocate resources better when an investment banking industry exists. We study the necessary conditions for the emergence of sustainable relationships and explore whether policy can foster them. We show that policy can help alleviate the costs of relationships, but an investment banking industry will not emerge with only a small number of large firms. Mode of access: Internet Galetovic P., Alexander. IMF Working Papers; Working Paper ; No. 2001/090 Full text available on IMF http://elibrary.imf.org/view/journals/001/2001/090/001.2001.issue-090-en.xml IMF e-Library