International financial intermediation: implications for bankers and regulators
DOI:
https://doi.org/10.13133/2037-3643/10729Keywords:
International financial intermediation, Euromarket, financial centres, banker, regulatorsAbstract
The growth of international financial intermediation through the Euromarket and other regional financial centres is one of the most remarkable phenomena of the last 15 years. The present work elucidates the nature of international financial activity through a model of financial intermediation. It goes on to underline the potential benefits from risks inherent in the various activities, as well as their healthy and destabilising macroeconomic impact. A deeper understanding of the international financial mechanism should benefit both bankers and regulators.
JEL: F33, G21, F34