Hackethal, Andreas - In: Journal of Economics and Statistics (Jahrbuecher fuer … 221 (2001) 5-6, pp. 592-619
"disintermediation" has gained tremendous popularity, especially among American observers. These observers argue that deregulation … measurement concept based on intermediation and securitisation ratios, the present article provides evidence that shows that … banking disintermediation is indeed a reality for the US financial system. This seems to indicate that American banks are not …