in this intermediation amounted to at least 3.4 percent of GNP. The theory implies that financial intermediation services …

in this intermediation amounted to at least 3.4 percent of GNP. The theory implies that financial intermediation services …

active in the "assembly line" process of modern financial intermediation, a system that has become known as shadow banking … acquiring the capability to engage in financial intermediation. I document instances of the emergence and growth of such nonbank … activities. I focus on securities lending, a well-understood example of shadow financial intermediation, and document the …

I study intermediation in networked markets using a stochastic model of multilateral bargaining in which traders …