Unless otherwise defined, the tendency, evident in international financial markets, to raise debt capital increasingly by issuing securities of all kinds rather than through bank loans (international tendency to use securities enabling investors to lend directly to borrowers without using banks as intermediaries). – See commercial papers, house bank, local bank, securitization, economy, bank-based.
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University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
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