Financial Intermediaries: Its different role

Gunturu Phani Sai Vamsi Krishna () and Pankaj Kumar Baag ()
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Gunturu Phani Sai Vamsi Krishna: Indian Institute of Management Kozhikode
Pankaj Kumar Baag: Indian Institute of Management Kozhikode

No 464, Working papers from Indian Institute of Management Kozhikode

Abstract: The paper does a descriptive and explorative study to understand the importance of financial intermediaries (FI) role in the context of a monetary policy perspective, a financial inclusion perspective, and a fiscal policy perspective. In the process, the paper looks at the rights of FIs in lending money, taking deposits (only for banks), and other operations that include risk control and financial stability. The study finds that the monetary policy in procyclical leverage affects the FIs balance sheet, affecting the household balance sheet. It expands when the asset’s price booms and vice versa. It also develops the capital market. The study also finds that the FIs (banks) are well organized to give financial literacy training as they interface between speculative money-related considerations of insufficiency and opportunity cost with a reasonable "cash in-the-pocket" associations. This can set the poor to an abundance accumulation of financial savings in a rational way. The study also looks at the frauds in the FIs and finds that internal and external factors are equally responsible for such scams.

Keywords: Financial Intermediary; Monetary policy; Fiscal policy; Financial Inclusion; Stability; Frauds (search for similar items in EconPapers)
Pages: 18 pages
Date: 2021-05
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