Intermediasi Keuangan

The What, How, and Why of Financial Intermediaries

Jakarta, 28 Agustus 2010

Reference
Contemporary Financial Intermediation

Lecture Outline
1. 2. 3. 4. 5. 6. 7. 8. 9. Introduction Fractional Reserve Banking and the Goldsmith Anecdote? A Model of Banks and Regulation The Macroeconomic Implications of Fractional Reserve Large Financial Intermediaries How Banks can help to make nonbank financial contracting The empirical evidence: Banks are special Ownership structure of depository financial institutions The Borrower s choice of finance source

Introduction
Financial intermediaries produce information for two kinds of applications: 1. To macth transactors 2. To manage risks and transform the nature of claims as when a bank produces credit information to control a borrowers credit risk

What are Financial Intermediaries

Definition Financial Intermediaries (FIs) are entities that intermediate between providers and users of financial capital FIs hold large quantities of financial claims as assets FIs hold contracts of indebtedness of their client as assets (hold financial claims as assests)

Why Do we have Financial Intermediaries??

What are Financial Intermediaries

Why Do we have Financial Intermediaries??

What are Financial Intermediaries

What are Financial Intermediaries

What are Financial Intermediaries

The Variety of Financial Intermediaries

Depository Financial Intermediaries

Depository Financial Intermediaries

Depository Financial Intermediaries

Depository Financial Intermediaries

Depository Financial Intermediaries

Depository Financial Intermediaries

Depository Financial Intermediaries

Depository Financial Intermediaries

Depository Financial Intermediaries

Depository Financial Intermediaries

Depository Financial Intermediaries

Non Depository Intermediaries

Non Depository Intermediaries

Non Depository Intermediaries

Non Depository Intermediaries

Non Depository Intermediaries

Non Depository Intermediaries

Non Depository Intermediaries

Non Depository Intermediaries

Non Depository Intermediaries

The Role of Government

Financial intermediaries on the periphery

Financial intermediaries on the periphery

Financial intermediaries on the periphery

Financial intermediaries on the periphery

Financial intermediaries on the periphery

Financial intermediaries on the periphery