Introduction to Financial Intermediary Structure

Overview by Mitchell Berlin

Federal Reserve Bank of Philadelphia

4. Bank Structure and Lending: What We Do and Do Not Know 107

Philip E. Strahan (Boston College, Wharton, NBER)

5. Optimal Industrial Structure in Banking 133

Loretta J. Mester (FRB Philadelphia, Wharton)

6. Commercial Banks in Investment Banking 163

Amar Gande (SMU)

1. INTRODUCTION

The contributions in this section address the theory of intermediation from an industrial organization perspective. The following three chapters are surveys of recent research on the traditional core questions in industrial organization as applied to financial intermediation. What factors determine the boundaries, size, and internal structure ...

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