Abstract
This article deals with the process of financial intermediation: that is, savings and investment flows that are intermediated through organizations such as banks and insurance companies. There are five major topics: stylized facts about financial intermediary organizations and markets; the history of thought about financial intermediation; the theory of financial intermediaries, with an aside on equilibrium credit rationing; the regulation of financial intermediation; and trends in recent research and open research questions.
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Boyd, J.H. (2018). Financial Intermediation. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_2783
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DOI: https://doi.org/10.1057/978-1-349-95189-5_2783
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