This research review examines some of the most important articles on the topic of financial intermediaries. As well as seminal studies exploring the theoretical foundations of financial intermediaries and financial instability, special attention is devoted to examining the implications posed as traditional institutional-based structures have evolved to the ‘originate-and-distribute model’ and ‘shadow banking’, along with the parallel transition in securities markets as once prevalent specialist market-makers have been supplanted by technology-driven algorithmic trading, auto-quoting, high frequency trading, and dark pools, with new attendant risks and instabilities.
Elgar Research Reviews in Economics
About this Research Review
About Elgar Research Reviews
Elgar Research Reviews consist of two principal components: a scholarly Review Article and a list of Recommended Readings.
Each Review Article is prepared by a leading scholar and introduces the relevant field of academic study by surveying the seminal and most transformative articles within that field. The article sets the recommended reading into context, revealing how they have shaped scholarship and why they are important to the development of the field. To faciliate further research the Recommended Readings are fully referenced.
Using the reference links provided
If your library has provided the location of their link resolver you can search for the article in their online catalogue. To faciliate this we have included a hyperlink under each reference.
There is also a link to search for each reading within Google Scholar, providing an important alternative method of finding the readings on the original publisher’s website and helping you to identify similar work.