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Institutionalization of Savings and the Long-Term Outlook for the Securities Industry

Published online by Cambridge University Press:  19 October 2009

Irwin Friend
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Extract

I am going to consider three questions. First, what have been the trends in the institutionalization of savings and, as a consequence, in the evolving role of institutions in the equity markets? Second, what have been the effects of these trends on the securities industry, narrowly defined; that is, on the securities broker-dealers. And, third, what have been the effects of these trends on the financial markets and the economy as a whole?

Type
Research Article
Information
Journal of Financial and Quantitative Analysis , Volume 7 , supplement s1 , March 1972 , pp. 1691 - 1695
Copyright
Copyright © School of Business Administration, University of Washington 1972

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