Twin information revolutions and the future of financial intermediation
an ongoing paradigm shift in financial-economic theory and regulation that focuses on the role of financial intermediaries in overcoming informational problems in financial contracting and transactions as their primary source of value creation, and
a protracted series of technology shocks with order-of-magnitude effects on the costs of transmitting and processing information.
KeywordsFinancial Capital Digital Information Financial Intermediary Private Market Capital Resource
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