Economics explainer - the financial sector

Name: Economics explainer - the financial sector
Uploaded: 2021-02-02
Description: What does the financial sector exist for? Is it socially useless as many like to suggest? As the Nobel Laureate, Ronald Coase, pointed out, "A large part of what we think of as economic activity is designed to accomplish what high transactions costs would otherwise prevent". Without the financial sector, much economic activity simply could not take place.

Vinson Centre, University of Buckingham · 2021-02-02

Explains why finance exists to reduce transaction costs and enable otherwise-impossible deals.

Explainercoase theoremcontractingeconomic organizationeconomic usefulness of financefinancial intermediation institutions Ronald H. Coase

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