金融中介服务与竞争分析：回顾与改进之路

IF 3.1 1区经济学 Q2 BUSINESS, FINANCE

Journal of Financial Intermediation Pub Date : 2024-01-01 DOI:10.1016/j.jfi.2024.101072

Allen N. Berger , Arnoud W.A. Boot

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引用次数: 0

摘要

金融中介具有独特的价值，它将金融债权转化为流动性并降低风险。然而，研究和政策竞争分析往往忽视了这一价值，或将其考虑得很少。我们回顾了研究结果，以便更好地纳入这一价值。我们建议改变所分析的单项服务的组合，以更好地体现独特价值，更多地关注与独特价值概念密切相关的单项服务以外的主题，并考虑金融中介的多市场性质。我们建议关注未来与数字金融科技（Digital FinTech）、大科技（BigTech）和去金融化（DeFi）公司的竞争，并制定政策，以最好地维护金融中介的独特价值。

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Financial intermediation services and competition analyses: Review and paths forward for improvement

Financial intermediation has distinct value from transforming financial claims to create liquidity and mitigate risks. However, research and policy competition analyses often neglect this value or minimally account for it. We review findings to better incorporate this value. We suggest shifting the mix of individual services analyzed to better represent the distinct value, focusing more on topics closely aligned with the distinct value concept beyond individual services, and accounting for the multimarket nature of financial intermediation. We recommend attention on future competition with digital FinTech, BigTech, and DeFi firms and policies to best preserve the distinct value of financial intermediation.

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来源期刊

Journal of Financial Intermediation BUSINESS, FINANCE-

CiteScore

8.60

自引率

7.70%

发文量

期刊介绍： The Journal of Financial Intermediation seeks to publish research in the broad areas of financial intermediation, financial market structure, corporate finance, risk management, and valuation.