Abstrait

Financial frictions using an entrepreneurship model

Zagloel Dachyar

The distinction between bank-based and market-based monetary frameworks is a longstanding and powerful reasonable staple of the interdisciplinary writing on finance. This dualistic model has been exposed to boundless scrutinizes over the course of the last 10 years. However, while those studies beneficially problematize the connection among banks and markets assumed by the model, they neglect to address the fundamental differentiation among banks and markets that is likewise assumed by the model. This article questions that differentiation.