Financial Intermediation Literature

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Financial Intermediation Literature

Postby sanha926 » Tue Jan 20, 2009 1:27 pm

Does anyone know of any literature, mainstream or critical / theoretical or empirical, which deals with the changing role of financial intermediation? Specifically I'm looking for arguments for or against the idea that the rise of institutional investors is 'cutting out the middle men' and rendering banks, especially investment banks, secondary players in capital markets. I know Sweezy wrote about this in the 1940s, and again in the early 1980s, but I'm looking for more updated sources.

Thanks in advance,

Sandy
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