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The Bank of England's DSGE model, for example, does not even try to incorporate financial middlemen, such as banks.
That "fee" adds up the total costs that investment bankers, asset managers, brokers and other financial middlemen charge their clients.
They also argue that bitcoin transactions are cheaper to conduct because the transfers do not have to go through banks and other financial middlemen.
To that end, some solar power companies are playing financial middlemen and coming up with creative financing arrangements to sweeten the pot for buyers eager for greener power.
Financial middlemen are also a diverse bunch: some of them make markets in all shares; some in just a few; others specialise in channelling orders to the exchange and eschew dealing altogether.
Mitsubishi's long-term rating fell to BBB+ from A- while Marubeni's short-term rating slipped to C, the second lowest, from B. Trading companies, which make money as financial middlemen, have been hit hard by the country's recession.
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A factoring company is a financial middleman that helps determine the creditworthiness of retailers.
(As a financial middleman, Relativity has received producer credit on scores of movies, some of them excellent; those it has produced itself have tended toward the likes of "Grown Ups" and "Machine Gun Preacher").
Thomas Oatley and Jason Yackee, of the University of North Carolina, Chapel Hill, have shown that the fund's biggest rescue packages go to countries where the exposure of American banks is the greatest.For all its mystique, the fund is at bottom just a financial middleman, as Michael Dooley, of the University of California, Santa Cruz, has pointed out.
The nature of Mr Heywood's association with Mr Bo and Ms Gu is not clear, but he has been described in some reports as a financial middleman.
Both the scope of these alleged economic interests and Mr Heywood's role in them remains unclear, but multiple reports suggest he may have acted as some kind of financial middleman.
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CEO of Professional Science Editing for Scientists @ prosciediting.com