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Financial Intermediation in the United States

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NBER1984-09-01 更新2025-01-04 收录
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https://www.nber.org/papers/w1451
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The principal rationales that give rise to financial intermediation are benefits of size and specialization, the diversification of specific asset risks, and the pooling of even broader classes of risk. Each is a significant factor in accounting for the U.S. economy's reliance on intermediation. In
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1984-09-01
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