In the traditional model of finance, households saved and firms borrowed through financial intermediaries. Those financial intermediaries might be banks or pension funds but the experience of intermediation in the UK does not encourage the thought that long term finance can easily be located. Do we need a Development Bank?

The transcript and downloadable versions of the lecture are available from the Gresham College website: https://www.gresham.ac.uk/lectures-and-events/the-structure-of-finance

Gresham College has been giving free public lectures since 1597. This tradition continues today with all of our five or so public lectures a week being made available for free download from our website. There are currently over 2,000 lectures free to access or download from the website.

Website: http://www.gresham.ac.uk
Twitter: http://twitter.com/GreshamCollege
Facebook: https://www.facebook.com/greshamcollege
Instagram: http://www.instagram.com/greshamcollege

Support the Show.