What characteristics of financial products are necessary for financial markets to become efficient alternatives to financial intermediaries?
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What characteristics of financial products are necessary for financial markets to become efficient alternatives to financial intermediaries? Give some exam- ples of the commoditization of products which were previously the sole prop- erty of financial institutions?
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Related Book For 
Financial Institutions Management A Risk Management Approach
ISBN: 9780077211332
6th Edition
Authors: Anthony Saunders, Marcia Cornett
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