1 option
Taste-based Investing, Government Policies and Competition in Financial Intermediation / Damien Capelle.
- Format:
- Book
- Government document
- Author/Creator:
- Capelle, Damien.
- Series:
- IMF Working Papers; Working Paper ; No. 2026/019
- IMF Working Papers
- Language:
- English
- Physical Description:
- 1 online resource (52 pages)
- Place of Publication:
- Washington, D.C. : International Monetary Fund, 2026.
- Summary:
- This paper develops a theory of how investors’ tastes are transmitted to aggregate investment through the market structure of financial intermediation. Whether tastes affect equilibrium capital allocation depends on where they originate—from households or from intermediaries—and on the degree of competition and segmentation in funding markets. Strong competition amplifies the pass-through of households’ tastes for amenity assets, but arbitrages away intermediaries’ own tastes. The same forces shape the effectiveness of financial-sector policies targeting households or intermediaries. I apply and quantify the framework in the context of green finance.
- Notes:
- Description based on print version record.
- ISBN:
- 979-82-290-3930-7
The Penn Libraries is committed to describing library materials using current, accurate, and responsible language. If you discover outdated or inaccurate language, please fill out this feedback form to report it and suggest alternative language.