IDEAS home Printed from https://ideas.repec.org/a/cai/refaef/ecofi_123_0147.html
   My bibliography  Save this article

Désintermédier : pourquoi, comment et que peut-on en attendre ?

Author

Listed:
  • Grégory Levieuge
  • Jean-Paul Pollin

Abstract

This paper deals with the causes and consequences of the disintermediation that has been observed for some time in Europe, in particular since the financial crisis. Firstly, we present the evolution of bank and market-based financing, which can be largely explained by the singular current economic context. Secondly, we analyse the objectives of some national and European institutions which campaign for more disintermediation, against the so-called « overbanking ». Last, we critically review the effects of disintermediation in terms of financing for (small and medium) enterprises, monetary policy efficiency, and financial and real stability. Classification JEL: E50, G20.

Suggested Citation

  • Grégory Levieuge & Jean-Paul Pollin, 2016. "Désintermédier : pourquoi, comment et que peut-on en attendre ?," Revue d'économie financière, Association d'économie financière, vol. 0(3), pages 147-174.
    • Handle: RePEc:cai:refaef:ecofi_123_0147
    as

    Download full text from publisher

    File URL: http://www.cairn.info/load_pdf.php?ID_ARTICLE=ECOFI_123_0147
    Download Restriction: free
    File URL: http://www.cairn.info/revue-d-economie-financiere-2016-3-page-147.htm
    Download Restriction: free
    ---><---

    Other versions of this item:

    More about this item

    JEL classification:

    • E50 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit - - - General
    • G20 - Financial Economics - - Financial Institutions and Services - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:cai:refaef:ecofi_123_0147. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Jean-Baptiste de Vathaire (email available below). General contact details of provider: https://www.cairn.info/revue-d-economie-financiere.htm .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.