1.0Liberty Street Economicshttps://libertystreeteconomics.newyorkfed.orgblog authorhttps://libertystreeteconomics.newyorkfed.org/author/blog-author/At the New York Fed: Twelfth Annual Joint Conference with NYU-Stern on Financial Intermediation - Liberty Street Economicsrich600338<blockquote class="wp-embedded-content" data-secret="RwIVyK66RO"><a href="https://libertystreeteconomics.newyorkfed.org/2017/06/at-the-new-york-fed-twelfth-annual-joint-conference-with-nyu-stern-on-financial-intermediation/">At the New York Fed: Twelfth Annual Joint Conference with NYU‑Stern on Financial Intermediation</a></blockquote><iframe sandbox="allow-scripts" security="restricted" src="https://libertystreeteconomics.newyorkfed.org/2017/06/at-the-new-york-fed-twelfth-annual-joint-conference-with-nyu-stern-on-financial-intermediation/embed/#?secret=RwIVyK66RO" width="600" height="338" title="“At the New York Fed: Twelfth Annual Joint Conference with NYU‑Stern on Financial Intermediation” — Liberty Street Economics" data-secret="RwIVyK66RO" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"></iframe><script>
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https://libertystreeteconomics.newyorkfed.org/wp-content/uploads/sites/2/2017/06/6a01348793456c970c01bb09a7fb29970d-500wi.jpg460321Anyone who has a savings account, has taken out a mortgage, or has been part of a business seeking new capital has relied on the smooth functioning of the institutions and markets that collectively perform financial intermediation. Because financial intermediation is so critical to the functioning of a modern economy, it is important to understand its inner workings—its fundamental features, recent innovations, and lines of transmission to real economy activity, as well as its imperfections and its interactions with regulatory policies. As part of an ongoing effort to foster such an understanding, the Federal Reserve Bank of New York recently hosted the twelfth annual Federal Reserve Bank of New York–New York University, Stern School of Business Conference on Financial Intermediation. In this post, we explore some of the discussions and findings from the May 10 conference, which focused on recent advances in the study of financial intermediation.