Exact(6)
We interpret unconventional monetary policy as expanding central bank credit intermediation to offset a disruption of private financial intermediation.
When a large part of the financial sector is funded with fragile, short-term debt and is hit by a common shock to its long-term assets, there can be en masse failures of financial firms and disruption of intermediation to households and firms.
The market has simply opted away from a manual intermediation to more of an electronic process.
The effects of consolidation should be offset as much as possible by other measures to sustain growth, from unconventional monetary policy to improvements of financial intermediation to, in some cases, an improvement in the trade balance29.
In many developing countries, in particular in Sub-Saharan Africa, the traditional brick-and-mortar banking sector reaches the relatively small percentage of urban, salaried employees --around 20 percent or less of working-age adults -- and often invest their deposits in government treasury bills, with limited financial intermediation to support the real economy.
In The Netherlands, examples of attempts to create such multi-actor networks (knowledge platforms) include academic collaborative centres, which are structural collaborations between universities and municipal health services [ 5, 35, 37] with dedicated systemic intermediation to optimise interactions.
Similar(54)
So today, I feel that anyone who's going to be successful in credit intermediation needs to have a very good understanding of balance sheet risk, liquidity risk and capital requirements.
There is also macroeconomic evidence to show that economies with deeper financial intermediation tend to grow faster and reduce income inequality.
The Babajobs initiative is another interesting example of how increased access to information can improve self-employment opportunities, by providing labor intermediation services to informal workers.
Aldrich and Herker's information processing view of intermediation leads to a dehumanized intermediation process.
Accordingly, the primary task of financial intermediation is to reduce transaction and information costs arising from information asymmetry between lenders and borrowers.
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