Financial Intermediation and the Economy

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No 2022-2, Nobel Prize in Economics documents from Nobel Prize Committee

Abstract: The 2022 Sveriges Riksbank Prize in Economic Sciences in Honor of Alfred Nobel rewards foundational research on the role of banks in the economy, particularly during financial crises. Financial intermediaries such as traditional banks and other bank-like institutions facilitate loans between lenders and borrowers, and thereby play a key role for the allocation of capital. They enable households to get a mortgage to buy a home, farms to get a loan to buy a harvesting machine, and firms to get a loan to build a new factory.

Keywords: Banking; financial crisis (search for similar items in EconPapers)
JEL-codes: E53 G21 G28 (search for similar items in EconPapers)
Pages: 73 pages
Date: 2022-10-10
New Economics Papers: this item is included in nep-ban, nep-fdg, nep-his and nep-pay
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Persistent link: https://EconPapers.repec.org/RePEc:ris:nobelp:2022_002

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