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The theory of financial intermediation

The theory of financial intermediation

finance.wharton.upenn.edu

the evolution of these institutions over the last few decades. It is an attempt to confront the literature with a view of the practice to see if the literature ade-quately addresses the reasons that these institutions exist in the financial mar-kets, and how they perform value added activity.

  Theory, Evolution, The evolution, Intermediation, The theory of financial intermediation, financial

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