Hybrid intermediaries

Research, Preprint English OPEN
Cetorelli, Nicola;
(2014)
  • Publisher: New York, NY: Federal Reserve Bank of New York
  • Subject: conglomeration | G20 | intermediation | intermediation; conglomeration | L20
    • jel: jel:G20 | jel:L20
      ddc: ddc:330

I introduce the concept of hybrid intermediaries: financial conglomerates that control a multiplicity of entity types active in the “assembly line” process of modern financial intermediation, a system that has become known as shadow banking. The complex bank holding com... View more
  • References (24)
    24 references, page 1 of 3

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