Question
Investment banks perform many activities: underwriting, financial advisory work, mergers and acquisitions, financial engineering, money management, research, sales and trading. Some of these activities may
Investment banks perform many activities: underwriting, financial advisory work, mergers and acquisitions, financial engineering, money management, research, sales and trading. Some of these activities may generate internal conflicts of interest. Discuss one such conflict of interest and construct a mechanism to moderate the conflict.
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Public Finance And Public Policy
Authors: Jonathan Gruber
2nd Edition
0716766310, 9780716766315
