Those entities which are in need of capital (i.e., they are in money shortage). The sell side could be a...

A maturity transformation which results in assets being ‘on average’ longer in maturity than liabilities. This occurs when banks and...

Those who have capital (money surplus) and want to invest it in a profitable way. They are investors who range...

The process of transferring funds from savers (saving or surplus units- also consumers or household savers) to borrowers (deficit units-...

A type of financial transformation in which the liabilities of intermediaries, such as banks and non-banks, are typically much more...