The Smoke Screen Theory of Financial Intermediation: An In-Depth Exploration
Financial intermediation is a crucial component of any modern economy. Financial intermediaries, such as banks, investment funds, and insurance companies, facilitate the flow of capital between savers and borrowers. However, while these intermediaries serve essential functions, I’ve often wondered whether the true value they add to the economy is as straightforward as it appears. This […]
The Smoke Screen Theory of Financial Intermediation: An In-Depth Exploration Read More »