Abstract
An intermediary stands between the two sides in a transaction and thus creates an indirect relationship between them. In order to survive and prosper, intermediaries need to provide some service that is of sufficient value that those on either side are willing to pay for it. But before we can understand intermediation or disintermediation we need to understand the two basic types of intermediaries that we introduced in the previous chapter.
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© 2012 Palgrave Macmillan, a division of Macmillan Publishers Limited
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Scott-Quinn, B. (2012). Financial Intermediation: Industry Sectors, Products and Markets. In: Commercial and Investment Banking and the International Credit and Capital Markets. Palgrave Macmillan, London. https://doi.org/10.1007/978-0-230-37048-7_3
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DOI: https://doi.org/10.1007/978-0-230-37048-7_3
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Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-0-230-37047-0
Online ISBN: 978-0-230-37048-7
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