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Post-crisis financial intermediation [PDF]
Annals of Spiru Haret University Economic Series, 2015 The recent financial crisis that begun in 2007 in the US, which then swept around the world, has left deep scars on the already wrinkled face of the global economy.
Ilie MIHAI, Cristian OPREA
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FINANCIAL INTERMEDIATION AFTER THE FINANCIAL CRISIS [PDF]
Annals of the University of Petrosani: Economics, 2017 The purpose of this paper is to provide a perspective on financial intermediation in the Romanian banking system and bank profitability during and after the financial crisis.
IMOLA DRIGĂ
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Volatility and financial intermediation [PDF]
Journal of International Money and Finance, 2003 Abstract We consider an economy where risk neutral banks provide intermediation services and risk neutral producers demand credit to finance their working capital needs. Our model blends costly state verification with imperfect enforcement power. We show that a weak legal system combined with high information verification costs leads to large, first ...
Joshua Aizenman, Andrew Powell
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The theory of financial intermediation [PDF]
Journal of Banking & Finance, 1997 Abstract Traditional theories of intermediation are based on transaction costs and asymmetric information. They are designed to account for institutions which take deposits or issue insurance policies and channel funds to firms. However, in recent decades there have been significant changes.
Franklin Allen, Anthony M. Santomero
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Financial Intermediation and Employment [PDF]
Review of Market Integration, 2009 In our model, there are entrepreneurs and other agents. The latter have labour and capital, but no entrepreneurship. They are employed for a wage, or they are self-employed (which is inefficient). If they are employed for a wage, they invest their capital in financial assets.
Manoj Pant +2 more
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FINANCIAL INTERMEDIATION, LIQUIDITY, AND INFLATION [PDF]
Macroeconomic Dynamics, 2011 This paper develops a search-theoretic model to study the interaction between banking and monetary policy and how this interaction affects allocation and welfare. Regarding how banking affects the welfare costs of inflation, we find that, with banking, inflation generates lower welfare costs.
Chiu, Jonathan, Meh, Cesaire
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Wealth, Financial Intermediation and Growth [PDF]
SSRN Electronic Journal, 2004 This paper presents empirical support for the existence of wealth effects in the contribution of financial intermediation to economic growth, and offers a theoretical explanation for these effects. Using GMM dynamic panel data techniques applied to study the growth-promoting effects of financial intermediation, we show that the exogenous contribution ...
Alejandro Gaytán González +1 more
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Cogent Economics & Finance, 2021 The global financial crisis and stiff market competition enhance risk exposures that raise debate on the cost of financial intermediation and the supremacy of banks’ efficiency. This study examines the concurrent effects of bank risk, efficiency and cost
Anupam Das Gupta +2 more
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AUTEX Research Journal, 2020 The textile industry is a significant sector of the Polish economy and is characterized by a strong potential. Its development can be ensured by activities in the areas of finance, technical infrastructure, environmental protection, and demographic ...
Jabłońska M. +2 more
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Determinants of the Cost of Financial Intermediation: Evidence from Emerging Economies
International Journal of Financial Studies, 2023 This study examines the determinants of financial intermediation costs of banks in ten Emerging Economies (EEs) in the period 2000–2018 using panel data of 1335 banks.
Mohammed Mizanur Rahman +2 more
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