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BOOK SUMMARY :

Investment banking institutions politics and law provides an economic rationale for the dominant role of investment banks in the capital markets and uses it to explain both the historical evolution of the investment banking industry and also recent changes to its organization although investment decisions rely upon price relevant information it is impossible to establish property rights investment banking institutions politics and law provides an economic rationale for the dominant role of investment banks in the capital markets and uses it to explain both the historical evolution of the investment banking industry and also recent changes to its organization although investment decisions rely upon price relevant information it is impossible to establish property rights investment banking institutions politics and law alan d morrison and william j wilhelm jr abstract this book provides an economic rationale for the dominant role of investment banks in the capital markets and uses it to explain both the historical evolution of and recent changes to the investment banking industry the book points to investment banking institutions politics and law provides an economic rationale for the dominant role of investment banks in the capital markets and uses it to explain both the historical note citations are based on reference standards however formatting rules can vary widely between applications and fields of interest or study the specific requirements or preferences of your reviewing publisher classroom teacher institution or organization should be applied

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