Twin information revolutions and the future of financial intermediation

  • William R. Emmons
  • Stuart I. Greenbaum
Part of the The New York University Salomon Center Series on Financial Markets and Institutions book series (SALO, volume 3)


Two information-related trends have dramatically altered our perceptions of financial intermediation in recent years. These trends are:
  1. (1)

    an ongoing paradigm shift in financial-economic theory and regulation that focuses on the role of financial intermediaries in overcoming informational problems in financial contracting and transactions as their primary source of value creation, and

  2. (2)

    a protracted series of technology shocks with order-of-magnitude effects on the costs of transmitting and processing information.



Financial Capital Digital Information Financial Intermediary Private Market Capital Resource 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


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Copyright information

© Springer Science+Business Media Dordrecht 1998

Authors and Affiliations

  • William R. Emmons
  • Stuart I. Greenbaum

There are no affiliations available

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