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Financial system (See Chapter 15 of the Vernimmen)
The primary role of a financial system is to bring together economic agents with surplus Financial resources, such as households, and those with net financial needs, such as companies and governments. The parties can be brought together directly or indirectly. In the first case, known as direct finance, the parties with excess Financial resources directly finance those with financial needs.
Financial system (See Chapter 15 of the Vernimmen)
The primary role of a financial system is to bring together economic agents with surplus Financial resources, such as households, and those with net financial needs, such as companies and governments. The parties can be brought together directly or indirectly. In the first case, known as direct finance, the parties with excess Financial resources directly finance those with financial needs.
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