Download or read book FINANCIAL DISINTERMEDIATION written by Grace Mingyan Du and published by American Academic Press. This book was released on 2023-01-02 with total page 239 pages. Available in PDF, EPUB and Kindle. Book excerpt: With historical and comparative method, this book explores financial disintermediation which besets both the United States and China and extends the thinking up to the evolutional trend of capitalism and socialism. Different from the previous research, this book delves into the first cause which induces financial disintermediation, namely the basic deficiency of capitalism: liquidity crisis, and the countermeasures which various institutional systems have taken for dealing with it. The conclusion reveals that the upheaval was initiated from the founding of financial safety net. During the Great Depression, by adopting financial safety net, the previous evolving track of American financial system was ended, and a new path launched – financial disintermediation. The starting point for China was the setout of “the reform and opening-up”. In the West, financial safety net formulates a dualistic regulatory regime, which spurred financial disintermediation. Severe financial disintermediation has led up to a series of thorny issues, including the resurgence of liquidity crisis, the financialization of the economy, and too-big-to-fail, and debt overhang and widening wealth disparity and so on. In China, the main difference with its western counterpart should be the replacement of asset quality deterioration in financial system to liquidity crisis. The root problem lies in that some matched institutions needed for guaranteeing its positive effects are desperately absent or weak, so it is a must to strengthen them, and steadfastly arrest financial disintermediation simultaneously. For that, both regimes should learn from each other.
Download or read book Financial Intermediation Versus Disintermediation Opportunities and Challenges in the FinTech era written by Meryem Duygun and published by Frontiers Media SA. This book was released on 2021-02-11 with total page 83 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Financial Disintermediation and Monetary Policy written by Junggun Oh and published by South East Asian Central Banks Research and Training Centre. This book was released on 1997 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Disintermediation Economics written by Eva Kaili and published by Springer Nature. This book was released on 2021-06-29 with total page 339 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a coherent Blockchain framework for the business community, governments, and universities structured around microeconomics, macroeconomics, finance, and political economy and identifies how business organizations, financial markets and governmental policies are changed by digitalization, specifically Blockchain. This framework, what they authors call “disintermediation economics,” affects everything by providing a paradigm that transforms the way we organize markets and value chains, financial services, central banking, budgetary policies, innovation ecosystems, government services, and civil society. Bringing together leading and experienced policy makers, corporate practitioners, and academics from top universities, this book offers a road map of best practices that can be immediately useful to firms, policy makers as well as academics by balancing theory with practice.
Download or read book Evidence of Financial Disintermediation in Low Income Countries Are the Foreign Banks Responsible written by Hamidur Rashid and published by . This book was released on 2005 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: The effects of foreign bank presence in a country and its impact on the domestic banking sector are contested topics. This paper adds a new dimension to the debate. In this paper, we investigate foreign banks' role in the decline of bank credit in low income countries. For the purpose of this paper, we define the decline in bank credit as financial disintermediation. Using cross sectional data from 36 low income and 54 middle income countries, we show that the increase in foreign bank claims is strongly and negatively correlated to the level of lending by the banks in the low income countries. Our analysis also refutes the claims that foreign banks are more efficient and cost effective than their domestic counterparts. In addition, we find evidence that, in low income countries, foreign bank claims is positively correlated to interest rate spread, real lending rate and exchange rate volatility. Finally, we also show that foreign bank claims are negatively associated with growth rates in the host countries, the low and middle income countries alike. We believe that our findings have important policy implications for the financial authorities of the developing countries.
Download or read book The Outlook for Financial Disintermediation written by Federal Reserve Bank of Boston and published by . This book was released on 1967 with total page 7 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Financial Disintermediation in a Macroeconomic Framework written by Patric H. Hendershott and published by . This book was released on 1971* with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Fintech and the Remaking of Financial Institutions written by John Hill and published by Academic Press. This book was released on 2018-05-17 with total page 386 pages. Available in PDF, EPUB and Kindle. Book excerpt: FinTech and the Remaking of Financial Institutions explores the transformative potential of new entrants and innovations on business models. In its survey and analysis of FinTech, the book addresses current and future states of money and banking. It provides broad contexts for understanding financial services, products, technology, regulations and social considerations. The book shows how FinTech has evolved and will drive the future of financial services, while other FinTech books concentrate on particular solutions and adopt perspectives of individual users, companies and investors. It sheds new light on disruption, innovation and opportunity by placing the financial technology revolution in larger contexts. Presents case studies that depict the problems, solutions and opportunities associated with FinTech Provides global coverage of FinTech ventures and regulatory guidelines Analyzes FinTech’s social aspects and its potential for spreading to new areas in banking Sheds new light on disruption, innovation and opportunity by placing the financial technology revolution in larger contexts
Download or read book Disintermediated finance peer to peer lending and payday loans written by Christian Kreutzer and published by GRIN Verlag. This book was released on 2018-07-31 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2016 in the subject Economics - Finance, grade: 1,7, University of Marburg (Accounting & Finance), course: Seminar Empirical Finance, language: English, abstract: In the following paper, I want to give an insight in two financial markets, the online peer to peer lending market and the payday loan market. Both are examples for disintermediated finance. Disintermediation means to withdraw funds from intermediary financial institutions, such as banks and savings/loan associations, in order to invest them directly. Simply put, in disintermediated finance one gets rid of the middleman or intermediary. This paper is organized as follows. At first Chapter 2 will look into the online peer to peer market of Prosper.com. Therefore, I will analyse a paper of the authors Lin, Prabhala, and Viswanathan (2013) called "Judging borrowers by the company they keep: Friendship networks and information asymmetry in online peer-to-peer lending". In Section 2.1 I will start with an introduction to the market and the author’s intention. Section 2.2 will explain the system of the online platform Prosper.com. The following section will outline the empirical results of the authors, in order to express the result’s implication in the last section of chapter 2. Chapter 3 will continue with payday loans. The first section 3.1 gives an introduction into payday loans and explains how the industry of payday loans works. The second section 3.2 will analyse one specific paper of Adrian Morse (2011) called "Payday lenders: Heroes or Villains?" The last section 3.3 will give a summary of the author’s findings and question them critically.
Download or read book Financial Disintermediation written by Richard A. Bowhay and published by . This book was released on 1975 with total page 294 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Credit unions and the lexicon of intermediation written by Walter J. Stuart and published by . This book was released on 1976 with total page 12 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Disintermediation of Financial Markets written by Lily Fang and published by . This book was released on 2013 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: One of the important issues in corporate finance is the rationale for and role of financial intermediaries. In the private equity setting, institutional investors are increasingly eschewing intermediaries in favor of direct investments. To understand the trade-offs in this setting, we compile a proprietary dataset of direct investments from seven large institutional investors. We find that solo investments by institutions outperform co-investments and a wide range of benchmarks for traditional private equity partnership investments. The outperformance is driven by deals where informational problems are not too severe, such as more proximate transactions to the investor and later-stage deals, and by an ability to avoid the deleterious effects on returns often seen in periods with large inflows into the private equity market. The poor performance of co-investments, on the other hand, appears to result from fund managers' selective offering of large deals to institutions for co-investing.
Download or read book Variable Rate Securities and Disintermediation written by United States. Congress. Senate. Committee on Banking, Housing, and Urban Affairs. Subcommittee on Financial Institutions and published by . This book was released on 1974 with total page 272 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Disintermediation 43 Success Secrets 43 Most Asked Questions on Disintermediation What You Need to Know written by Antonio Rodriquez and published by Emereo Publishing. This book was released on 2014-10-06 with total page 50 pages. Available in PDF, EPUB and Kindle. Book excerpt: Best Disintermediation Guide to date. In economic science, disintermediation is the deletion of mediators in a provision catena, either 'cutting out the middleman'. Instead of going via customary dispersion delivery methods, that had a few sort of in-between (such as a distributer, wholesaler, agent, either agent), businesses might at the moment transact with any consumer immediately, for instance by way of the Internet. One essential reason is a fall in the outlay of servicing clients immediately. There has never been a Disintermediation Guide like this. It contains 43 answers, much more than you can imagine; comprehensive answers and extensive details and references, with insights that have never before been offered in print. Get the information you need--fast! This all-embracing guide offers a thorough view of key knowledge and detailed insight. This Guide introduces what you want to know about Disintermediation. A quick look inside of some of the subjects covered: Bricks and clicks business model, Technological evolution - Theoretical implications, Savings and loan association - Further advantages, Procuring (prostitution) - Internet effect, List of marketing terms, Travel agencies - Travel agencies in the 21st century, Virtual community - Advantages of Internet communities, Bank - Competition for loanable funds, Stock market - Relation of the stock market to the modern financial system, Disintermediation - History, Trader Joe's - Products, 1933 Banking Act - Fate of 1933 Banking Act as "traditional bank regulation," Disintermediation - Examples of companies, Business models - Examples of business models, Online media cooperative, Frank Lucas (drug dealer), Classless society - Marxist definition, Distribution (business) - Channel mix, Grey literature - Towards a new definition, Government 2.0 - Disadvantages, Peer-to-peer lending - Characteristics, Search cost, Travel agency - Travel agencies in the 21st century, and much more...
Download or read book Annual Report of the Federal Deposit Insurance Corporation for the Year Ending written by Federal Deposit Insurance Corporation and published by . This book was released on 1951 with total page 422 pages. Available in PDF, EPUB and Kindle. Book excerpt: Beginning with 1981, merger decisions of the Corporation are published separately as vol. 2 of the Annual report.
Download or read book Disintermediation of Banks in a Developing Economy Profitability and Depositor Protection in Adverse Economic Conditions written by Tahseen Khan and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Purpose: The purpose of this paper is to investigate how Pakistani banks manage their portfolios (lending vs investment) when the economic indicators are not supportive. This study investigates three aspects of the banking system in Pakistan - prevalence of disintermediation, post-crisis profitability orientation and depositor protection by financial system in unfavorable conditions.Design/methodology/approachThis study is limited to identifying the key economic and financial drivers behind disintermediation and its subsequent impact on banks' profitability and depositors' protection. GLS panel regressions and Engle-Granger causality test as specified by the error correction model have been used to test the major hypothesis of this study.Findings: This study shows that small banks have been shifting major part of their portfolios toward risk-free investments to be able to maintain their profitability more efficiently and effectively, like large banks. The study also observes that significant pairing causality exists between gross credit loans and investments confirming disintermediation hypothesis for all types of banks except Islamic or Sharia compliant banks, whereas for significant pairing causality, the results are mixed for remaining variables among gross credit loans as a proportion of assets and economic variables that include GDP growth, unemployment, KSE-100 and SBP policy rate. It is also confirmed by the results that disintermediation improves banks profitability and depositor protection, thus providing a good rationale and justification to banks for opting it.Originality/value: The study focuses on the impact of structural changes in portfolios only of commercial banks' revenue-generating assets not including other financial institutions as a part of banking system. Furthermore, data are extracted from balance sheets and is the sole property of corresponding author.
Download or read book Disintermediation and the Role of Banks in Europe written by Reinhard H. Schmidt and published by . This book was released on 1998 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt:
