Abstract
‘Intermediation’ generally refers to the interposition of a financial institution in the process of transferring funds between ultimate savers and ultimate borrowers. The forms of services that such financial intermediaries provide, the characteristics of their liabilities and assets, and the rationale for their existence is described elsewhere. For this purpose, we only need to assume that a certain pattern of financial intermediation is given, say by actual historical development, or is theoretically optimal.
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© 1989 Palgrave Macmillan, a division of Macmillan Publishers Limited
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Goodhart, C. (1989). Disintermediation. In: Eatwell, J., Milgate, M., Newman, P. (eds) Money. The New Palgrave. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-19804-7_15
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DOI: https://doi.org/10.1007/978-1-349-19804-7_15
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-0-333-49527-8
Online ISBN: 978-1-349-19804-7
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