Discussion Paper

Hybrid Intermediaries


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;

JEL Classification: G1;G2;

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Bibliographic Information

Provider: Federal Reserve Bank of New York

Part of Series: Liberty Street Economics

Publication Date: 2015-01-12

Number: 20150112