ABSTRACT
Chapter 9 begins the first of two chapters focused on macrofinance issues, where we consider how concepts from Parts I and II influence, and can be influenced by, a range of individual, institutional, and sovereign parties. We begin by analyzing how key groups of participants – including intermediaries, end-users, and regulators – rely on financial dealings to conduct their daily activities, the role each one plays in supporting the entire cycle of finance, and the motivations that drive activity. We then assemble a complete picture of how the groups interact and conclude by considering forces of disintermediation that can affect financial intermediaries.
