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Empirical Analyses on Non-Bank Financial Intermediaries

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2024-05-07

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Ma, Angela. 2024. Empirical Analyses on Non-Bank Financial Intermediaries. Doctoral dissertation, Harvard University Graduate School of Arts and Sciences.

Abstract

This thesis examines the economics of non-bank financial intermediaries and aims to address two questions. First, why do non-bank intermediaries arise alongside banks in a given market? Second, what are the real effects of non-bank financial intermediation? In the following essays, I study these questions in three different settings: the business lending market, the consumer lending market, and the corporate going-public market.

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Bank, Business, Consumer, Corporate, Financial intermediary, Non-bank, Economics, Finance

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