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Before 2008 subprime mortgages had long, diffuse chains of intermediation.
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Second, there may be several layers of intermediation between the fund manager and the client.
Off-balance-sheet vehicles were used to create further layers of intermediation, making things even more opaque.The IMF and FSB will report back in June this year.
Because they cut out a layer of intermediation, capital markets are also generally cheaper than banks.Banks, on the other hand, have several virtues of their own.
Others will see the costs of intermediation rise: bankers talk of a tenfold increase in fees paid to send money to countries such as Tanzania.
It is the same process of intermediation as exists in the more established market for catastrophe bonds, issued by insurers and reinsurers and designed to pay out when a natural disaster strikes.Longevity risk, however, poses an additional problem.
Aldrich and Herker's information processing view of intermediation leads to a dehumanized intermediation process.
The deal cuts out a layer of intermediation between Ford and QNX, at the very least, turning BlackBerry into a Tier 1 supplier, whereas most of BlackBerry's business with automakers previously has been through another link in the supply chain, like Panasonic in this case.
This paper investigates the issue of intermediation and the role of intermediaries in the innovation process.
The volume of intermediation of the fund is represented by the variable X.
Other structural problems include the financial system's high degree of dollarization, low level of intermediation and the government's weak revenue base.
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