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1、金融中介功能观 Robert C. Merton （Harvard University, Boston, MA）王晋斌译唐寿宁校摘要：新的金融产品设计、计算机和通讯技术的改进以及金融理论的进展已导致了全球金融市场和机构结构的急剧和迅速变化。本文提出金融中介的功能观，把它作为分析金融中介机构变化动态性的概念框架，并利用一系列例子来阐明机构可能发生变化的范围。这些例子被用来理清金融中介生产过程中所发生的管理问题并讨论对这些金融中介的管制过程。 存在两种根本不同的分析金融中介的参考架构。一种分析架构视现存的金融中介机构结构为给定，认为公共政策的目标就是帮助现有的机构生存与兴旺。相应地，以银行或保险
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