Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)

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Analysis of the Impact of Investment Banks on US Economic Growth

Authors
Yixi Wang1, *
1Ji Luan Academy, Nanchang University, Jiangxi Province, Nanchang, 330031, China
*Corresponding author. Email: 1417302325@qq.com
Corresponding Author
Yixi Wang
Available Online 31 December 2022.
DOI
10.2991/978-94-6463-036-7_251How to use a DOI?
Keywords
Investment bank; America; Economic development; Resource allocation
Abstract

Investment banks are an important part of the capital market. They have more funds than retail investors and are more experienced in long-term investment than traditional commercial banks. However, the improper operation of investment banks in the capital market also makes the whole market difficult to operate stably, and even brings destructive harm. Therefore, this paper will be combined with the history of the economic development of the United States, detailed description of the role of investment banks, and its improper operation will cause great harm. It is found that investment banks play a unique role in resource allocation, especially in supporting the development of high and new technologies whose prospects are not yet clear enough. The means of resource allocation is mainly through the securities market and the fund market. But investment banks may also lead to unmanageable financial innovation, weaken the national economy and spread to global markets.

Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)
Series
Advances in Economics, Business and Management Research
Publication Date
31 December 2022
ISBN
978-94-6463-036-7
ISSN
2352-5428
DOI
10.2991/978-94-6463-036-7_251How to use a DOI?
Copyright
© 2022 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Yixi Wang
PY  - 2022
DA  - 2022/12/31
TI  - Analysis of the Impact of Investment Banks on US Economic Growth
BT  - Proceedings of the 2022 2nd International Conference on Economic Development and Business Culture (ICEDBC 2022)
PB  - Atlantis Press
SP  - 1678
EP  - 1683
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-036-7_251
DO  - 10.2991/978-94-6463-036-7_251
ID  - Wang2022
ER  -