00737pab a2200157 454500008004000000100001800040245003600058260000900094300001300103362001100116520034800127650001800475650003000493650002200523773003400545180718b2000   xxu||||| |||| 00| 0 eng d  aCorrea, Romar  aDomestic financial architecture  c2000  ap.283-85  a29 Jan  aTo assess the relative efficiency of stock markets and banks as intermediaries between savers and investors, this article examines the macrofoundations of micro-economics. The conclusion is that both stock market-based and bank-based systems are inefficient. There is scope for government intervention in the allocation of credit. - Reproduced  aBanks - India  aFinancial markets - India  aFinancial markets  aEconomic and Political Weekly