GLOBAL financial intermediation is broken.
This concept of "authorized intermediation" simplifies the government's regulatory burden.
Eighty percent of financial intermediation goes through the banking system.
Before 2008 subprime mortgages had long, diffuse chains of intermediation.
Moreover, wages in "other finance" skyrocketed relative to those in credit intermediation.
There is an enormous need for communities of knowledge and information intermediation in international funding.
The process of financial intermediation is similarly most noteworthy when it fails.
Nobody could disagree with the latter statement: financial intermediation is an essential part of capitalism.
Second, there may be several layers of intermediation between the fund manager and the client.
The network pageantry has been replaced by the network effect — a huge pipe directly to his supporters, no intermediation involved.
Their intermediation miraculously transforms short-term, highly liquid cash (deposits) into long-term, largely illiquid assets (loans).
