Hybrid Intermediaries
Nicola Cetorelli
No 20150112, Liberty Street Economics from Federal Reserve Bank of New York
Abstract:
A successful hybrid is an offspring of two species that, in a new environment, is better suited for survival than its own parents. Evolution in the financial ?ecosystem? seems to have driven the emergence of hybrid intermediaries.
Keywords: conglomeration; shadow banking; Financial intermediation (search for similar items in EconPapers)
JEL-codes: G1 G2 (search for similar items in EconPapers)
Date: 2015-01-12
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Working Paper: Hybrid intermediaries (2014) 
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