000			01047pab a2200169 454500
008			180718b1998 xxu||||| |||| 00| 0 eng d
100			_aBhole, L.M.
245			_aIndirect Vs. direct systems of business finance: theory and evidence
260			_c1998
300			_ap.13-27
362			_aJul
520			_aThe question of a choice between the primacy of the credit-based financial system and that of the capital-based system has been widely debated abroad. However, there has been a great lack of awareness of the importance of this issue in India. While traditionally, the Indian financial system has been primarily credit-based, efforts have been made in recent years to make it far more capital market-based than it has been in the past. This paper argues for the preservation of the primacy of the banks and other financial institutions because of their very many special advantages and services. - Reproduced
650			_aBusiness finance
650			_aBanks
773			_aInternational Journal of Development Banking
909			_a40625
999			_c40625 _d40625