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Financial intermediaries play a crucial role in an economic crisisthey are responsible for both causing the market to crash and then helping it recover from
Financial intermediaries play a crucial role in an economic crisisthey are responsible for both causing the market to crash and then helping it recover from the crisis. Is this statement true? Discuss with an example in detail please. I have seen that three other people asked this question on Chegg but no useful answer. This question is from Financial Markets and Institutions global edition 9th edition by Mishkin.
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