Financial Intermediation and Financial Markets



Financial intermediation is the process of transferring sums of money from economic agents with surplus funds to economic agents that would like to utilize those funds. The key to understanding the process and the range of financial instruments available lies in recognizing that economic agents are a heterogeneous bunch having very different financial positions, investment, business and financial needs. For this reason, there are a wide range of financial intermediaries and financial instruments servicing these needs.


Financial Market Economic Agent Financial Asset Maturity Transformation Financial Intermediary 
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Further reading

  1. Buckle, M. and Thompson, J. (2004) The UK Financial System: Theory and Practice 3rd edn, Manchester University Press.Google Scholar
  2. Mayer, C. and Vives, X. (1995) Capital Markets and Financial Intermediation Cambridge University Press.Google Scholar
  3. Mikdashi, Z. (2001) Financial Intermediation in the Twenty-first Century Palgrave Macmillan.CrossRefGoogle Scholar
  4. Spajic, L.D. (2002) Financial Intermediation in Europe Kluwer Academic Press.CrossRefGoogle Scholar

Copyright information

© Keith Pilbeam 2005

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