Abstract
Writing an article such as this requires making some tough decisions about what to include and what not. Many deserving topics in financial intermediation have not been mentioned at all and I cannot begin to cite all the good papers that deserve reference. Primarily, I rely on two excellent survey articles, one that focuses on theory (Gorton and Winton, 2003), and another that focuses on empirics (Levine, 2005). I received helpful comments from Doug Diamond, Jack Kareken, Ross Levine and Ed Prescott; however, they are totally absolved from any errors that remain.
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Boyd, J.H. (2010). Financial Intermediation. In: Durlauf, S.N., Blume, L.E. (eds) Monetary Economics. The New Palgrave Economics Collection. Palgrave Macmillan, London. https://doi.org/10.1057/9780230280854_9
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