The Functions Of Financial Intermediation - A Survey
AbstractTraditional theories of intermediation are based on transaction costs and asymmetric information. In recent decades although transaction costs and asymmetric information have declined, intermediation has increased. New markets for financial futures and options are mainly markets for intermediaries rather than individuals or firms. In this paper we survey the last theoretical and empirical research on financial intermediation and functions of financial intermediation. We discuss the functions of intermediation in this new context.
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Bibliographic InfoArticle provided by Ovidius University of Constantza, Faculty of Economic Sciences in its journal Ovidius University Annals, Economic Sciences Series.
Volume (Year): 1 (2009)
Issue (Month): 9 (May)
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Web page: http://www.univ-ovidius.ro/facultatea-de-stiinte-economice
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financial intermediation; asymmetric information; survey;
Find related papers by JEL classification:
- G00 - Financial Economics - - General - - - General
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