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The banks play a central role in financial intermediation in New Zealand. 1.What is financial intermediation? Who performs it? and why is it important? 2.What

The banks play a central role in financial intermediation in New Zealand.

1.What is financial intermediation? Who performs it? and why is it important?

2.What is Qualitative Asset transformation (QAT) and how does it facilitate intermediation through the banks?

3.Why do the banks dominate financial intermediation in NZ?

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1 Financial Intermediation Definition Financial intermediation refers to the process by which financial institutions act as intermediaries between sav... blur-text-image

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