We present a model of secured credit chains in which assets generated from intermediation activity and pledged as … borrower, forming a credit chain. Intermediation profits can thus act as collateral for the loan to fund the dealer's own … fragility in the chain. The arrival of news about the value of the revenue of the intermediation activity further increases …

We present a model of secured credit chains in which assets generated from intermediation activity and pledged as … borrower, forming a credit chain. Intermediation profits can thus act as collateral for the loan to fund the dealer's own … fragility in the chain. The arrival of news about the value of the revenue of the intermediation activity further increases …

This study examines the determinants of financial intermediation costs of banks in ten Emerging Economies (EEs) in the … and market openness positively affect bank intermediation costs while the trilemma index negatively affects them. During … the world financial crisis, bank intermediation costs increased. Moreover, we observe that cost inefficiency, credit risk …