منابع مشابه
Financial Intermediation and the Micro-finance Sector Financial Intermediation and the Micro- Finance Sector List of Tables
1 The author would like to thank Trade and Industrial Policy Strategies for their generous support in the production of this paper, as well as the team at the Micro-Finance Regulatory Council for their time and generosity with respect to the provision of the data. All views expressed in the document are those of the author exclusively, and any errors committed remain the sole responsibility of ...
متن کاملFinancial Intermediation
The savings/investment process in capitalist economies is organized around financial intermediation, making them a central institution of economic growth. Financial intermediaries are firms that borrow from consumer/savers and lend to companies that need resources for investment. In contrast, in capital markets investors contract directly with firms, creating marketable securities. The prices o...
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Intermediation in Innovation1 by Heidrun C. Hoppe2 and Emre Ozdenoren3 The paper offers a new theoretical framework to examine the role of intermediaries between creators and potential users of new inventions. Using a model of universityindustry technology transfer, we demonstrate that technology transfer offices can provide an opportunity to economize on a critical component of efficient innov...
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We explain informed capital by showing that projects can be screened by comparing loan applicants. Because efficient comparing requires centralized monitoring, it represents a novel rationale for financial intermediation. Positive scale effects may make a single monopoly intermediary optimal. Comparing can also eliminate the problems of adverse selection and inefficient investments.
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This paper demonstrates that an important role of intermediaries in supply chains is to reduce the ®nancial risk faced by retailers. It is well known that risk averse retailers when faced by the classical single-period inventory (newsvendor) problem will order less than the expected value maximizing (newsboy) quantity. We show that in such situations a risk neutral distributor can oer a menu o...
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ژورنال
عنوان ژورنال: Knowledge International Journal
سال: 2019
ISSN: 1857-923X,2545-4439
DOI: 10.35120/kij26061727k