id	sid	tid	token	lemma	pos
work_3r2nuqzigrab7f2wwf7zhiewvy	1	1	PII	PII	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	1	2	:	:	:
work_3r2nuqzigrab7f2wwf7zhiewvy	1	3	S0378	S0378	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	1	4	-	-	HYPH
work_3r2nuqzigrab7f2wwf7zhiewvy	1	5	4266(99)00085	4266(99)00085	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	1	6	-	-	HYPH
work_3r2nuqzigrab7f2wwf7zhiewvy	1	7	0	0	NFP
work_3r2nuqzigrab7f2wwf7zhiewvy	1	8	A	a	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	1	9	critique	critique	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	1	10	on	on	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	1	11	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	1	12	theory	theory	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	1	13	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	1	14	®	®	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	1	15	nancial	nancial	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	1	16	intermediation	intermediation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	1	17	Bert	Bert	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	1	18	Scholtens	Scholtens	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	1	19	a	a	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	1	20	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	1	21	*	*	NFP
work_3r2nuqzigrab7f2wwf7zhiewvy	1	22	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	1	23	Dick	Dick	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	1	24	van	van	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	1	25	Wensveen	Wensveen	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	1	26	b	b	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	1	27	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	1	28	c	c	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	1	29	a	a	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	1	30	Department	Department	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	1	31	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	1	32	Finance	Finance	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	1	33	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	1	34	University	University	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	1	35	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	1	36	Groningen	Groningen	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	1	37	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	1	38	P.O.	P.O.	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	2	1	Box	Box	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	2	2	800	800	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	2	3	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	2	4	9700	9700	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	2	5	AV	AV	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	2	6	Groningen	Groningen	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	2	7	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	2	8	Netherlands	Netherlands	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	2	9	b	b	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	2	10	Erasmus	Erasmus	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	2	11	University	University	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	2	12	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	2	13	Rotterdam	Rotterdam	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	2	14	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	2	15	Netherlands	Netherlands	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	2	16	c	c	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	2	17	University	University	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	2	18	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	2	19	Amsterdam	Amsterdam	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	2	20	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	2	21	Amsterdam	Amsterdam	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	2	22	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	2	23	Netherlands	Netherlands	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	2	24	Received	receive	VBD
work_3r2nuqzigrab7f2wwf7zhiewvy	2	25	25	25	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	2	26	September	September	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	2	27	1998	1998	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	2	28	;	;	:
work_3r2nuqzigrab7f2wwf7zhiewvy	2	29	accepted	accept	VBD
work_3r2nuqzigrab7f2wwf7zhiewvy	2	30	22	22	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	2	31	April	April	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	2	32	1999	1999	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	2	33	Abstract	Abstract	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	2	34	This	this	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	2	35	comment	comment	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	2	36	discusses	discuss	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	2	37	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	2	38	review	review	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	2	39	by	by	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	2	40	Franklin	Franklin	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	2	41	Allen	Allen	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	2	42	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	2	43	Anthony	Anthony	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	2	44	Santomero	Santomero	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	2	45	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	2	46	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	2	47	theory	theory	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	2	48	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	2	49	®	®	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	2	50	nancial	nancial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	2	51	intermediation	intermediation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	2	52	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	2	53	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	2	54	20th	20th	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	2	55	anniversary	anniversary	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	2	56	special	special	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	2	57	issue	issue	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	2	58	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	2	59	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	2	60	Journal	Journal	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	2	61	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	2	62	Banking	Banking	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	2	63	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	2	64	Finance	Finance	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	2	65	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	3	1	We	-PRON-	PRP
work_3r2nuqzigrab7f2wwf7zhiewvy	3	2	do	do	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	3	3	not	not	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	3	4	fully	fully	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	3	5	agree	agree	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	3	6	with	with	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	3	7	their	-PRON-	PRP$
work_3r2nuqzigrab7f2wwf7zhiewvy	3	8	view	view	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	3	9	that	that	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	3	10	risk	risk	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	3	11	management	management	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	3	12	is	be	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	3	13	only	only	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	3	14	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	3	15	recent	recent	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	3	16	importance	importance	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	3	17	to	to	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	3	18	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	3	19	®	®	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	3	20	nancial	nancial	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	3	21	industry	industry	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	3	22	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	3	23	with	with	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	3	24	putting	put	VBG
work_3r2nuqzigrab7f2wwf7zhiewvy	3	25	central	central	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	3	26	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	3	27	concept	concept	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	3	28	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	3	29	participation	participation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	3	30	costs	cost	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	3	31	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	4	1	We	-PRON-	PRP
work_3r2nuqzigrab7f2wwf7zhiewvy	4	2	suggest	suggest	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	4	3	how	how	WRB
work_3r2nuqzigrab7f2wwf7zhiewvy	4	4	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	4	5	theory	theory	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	4	6	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	4	7	®	®	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	4	8	nancial	nancial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	4	9	intermediation	intermediation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	4	10	might	may	MD
work_3r2nuqzigrab7f2wwf7zhiewvy	4	11	be	be	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	4	12	developed	develop	VBN
work_3r2nuqzigrab7f2wwf7zhiewvy	4	13	further	further	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	4	14	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	4	15	order	order	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	4	16	to	to	TO
work_3r2nuqzigrab7f2wwf7zhiewvy	4	17	understand	understand	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	4	18	present	present	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	4	19	-	-	HYPH
work_3r2nuqzigrab7f2wwf7zhiewvy	4	20	day	day	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	4	21	phenomena	phenomenon	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	4	22	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	4	23	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	4	24	®	®	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	4	25	nancial	nancial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	4	26	ser-	ser-	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	4	27	vices	vice	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	4	28	sector	sector	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	4	29	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	5	1	Ó	Ó	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	5	2	2000	2000	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	5	3	Elsevier	Elsevier	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	5	4	Science	Science	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	5	5	B.V.	B.V.	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	5	6	All	all	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	5	7	rights	right	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	5	8	reserved	reserve	VBD
work_3r2nuqzigrab7f2wwf7zhiewvy	5	9	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	6	1	JEL	JEL	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	6	2	classi	classi	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	6	3	®	®	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	6	4	cation	cation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	6	5	:	:	:
work_3r2nuqzigrab7f2wwf7zhiewvy	6	6	E51	E51	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	6	7	;	;	:
work_3r2nuqzigrab7f2wwf7zhiewvy	6	8	G10	G10	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	6	9	;	;	:
work_3r2nuqzigrab7f2wwf7zhiewvy	6	10	G20	G20	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	6	11	;	;	:
work_3r2nuqzigrab7f2wwf7zhiewvy	6	12	L23	L23	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	6	13	Keywords	Keywords	NNPS
work_3r2nuqzigrab7f2wwf7zhiewvy	6	14	:	:	:
work_3r2nuqzigrab7f2wwf7zhiewvy	6	15	Banks	bank	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	6	16	;	;	:
work_3r2nuqzigrab7f2wwf7zhiewvy	6	17	Financial	financial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	6	18	intermediation	intermediation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	6	19	;	;	:
work_3r2nuqzigrab7f2wwf7zhiewvy	6	20	Financial	financial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	6	21	system	system	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	6	22	;	;	:
work_3r2nuqzigrab7f2wwf7zhiewvy	6	23	Risk	risk	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	6	24	management	management	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	6	25	;	;	:
work_3r2nuqzigrab7f2wwf7zhiewvy	6	26	Transformation	transformation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	6	27	1	1	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	6	28	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	7	1	Introduction	introduction	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	7	2	In	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	7	3	a	a	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	7	4	recent	recent	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	7	5	paper	paper	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	7	6	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	7	7	Allen	Allen	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	7	8	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	7	9	Santomero	Santomero	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	7	10	(	(	-LRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	7	11	1997	1997	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	7	12	)	)	-RRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	7	13	review	review	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	7	14	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	7	15	state	state	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	7	16	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	7	17	inter-	inter-	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	7	18	mediation	mediation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	7	19	theory	theory	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	7	20	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	7	21	attempt	attempt	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	7	22	to	to	TO
work_3r2nuqzigrab7f2wwf7zhiewvy	7	23	reconcile	reconcile	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	7	24	it	-PRON-	PRP
work_3r2nuqzigrab7f2wwf7zhiewvy	7	25	with	with	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	7	26	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	7	27	observed	observed	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	7	28	behavior	behavior	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	7	29	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	7	30	Journal	Journal	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	7	31	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	7	32	Banking	Banking	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	7	33	&	&	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	7	34	Finance	Finance	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	7	35	24	24	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	7	36	(	(	-LRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	7	37	2000	2000	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	7	38	)	)	-RRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	7	39	1243±1251	1243±1251	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	7	40	www.elsevier.com/locate/econbase	www.elsevier.com/locate/econbase	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	7	41	*	*	NFP
work_3r2nuqzigrab7f2wwf7zhiewvy	7	42	Corresponding	Corresponding	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	7	43	author	author	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	7	44	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	8	1	Tel	tel	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	8	2	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	9	1	:	:	:
work_3r2nuqzigrab7f2wwf7zhiewvy	9	2	+31	+31	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	9	3	-	-	HYPH
work_3r2nuqzigrab7f2wwf7zhiewvy	9	4	50	50	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	9	5	-	-	HYPH
work_3r2nuqzigrab7f2wwf7zhiewvy	9	6	363	363	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	9	7	-	-	HYPH
work_3r2nuqzigrab7f2wwf7zhiewvy	9	8	7064	7064	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	9	9	;	;	:
work_3r2nuqzigrab7f2wwf7zhiewvy	9	10	fax	fax	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	9	11	:	:	:
work_3r2nuqzigrab7f2wwf7zhiewvy	9	12	+31	+31	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	9	13	-	-	HYPH
work_3r2nuqzigrab7f2wwf7zhiewvy	9	14	50	50	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	9	15	-	-	HYPH
work_3r2nuqzigrab7f2wwf7zhiewvy	9	16	363	363	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	9	17	-	-	HYPH
work_3r2nuqzigrab7f2wwf7zhiewvy	9	18	7207	7207	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	9	19	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	10	1	E	e	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	10	2	-	-	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	10	3	mail	mail	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	10	4	address	address	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	10	5	:	:	:
work_3r2nuqzigrab7f2wwf7zhiewvy	10	6	l.j.r.scholtens@eco.rug.nl	l.j.r.scholtens@eco.rug.nl	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	10	7	(	(	-LRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	10	8	B.	B.	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	10	9	Scholtens	Scholtens	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	10	10	)	)	-RRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	10	11	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	11	1	0378	0378	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	11	2	-	-	HYPH
work_3r2nuqzigrab7f2wwf7zhiewvy	11	3	4266/00/$	4266/00/$	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	11	4	-	-	HYPH
work_3r2nuqzigrab7f2wwf7zhiewvy	11	5	see	see	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	11	6	front	front	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	11	7	matter	matter	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	11	8	Ó	Ó	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	11	9	2000	2000	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	11	10	Elsevier	Elsevier	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	11	11	Science	Science	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	11	12	B.V.	B.V.	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	11	13	All	all	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	11	14	rights	right	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	11	15	reserved	reserve	VBD
work_3r2nuqzigrab7f2wwf7zhiewvy	11	16	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	12	1	PII	PII	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	12	2	:	:	:
work_3r2nuqzigrab7f2wwf7zhiewvy	12	3	S	S	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	12	4	0	0	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	12	5	3	3	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	12	6	7	7	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	12	7	8	8	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	12	8	-	-	SYM
work_3r2nuqzigrab7f2wwf7zhiewvy	12	9	4	4	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	12	10	2	2	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	12	11	6	6	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	12	12	6	6	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	12	13	(	(	-LRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	12	14	9	9	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	12	15	9	9	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	12	16	)	)	-RRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	12	17	0	0	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	12	18	0	0	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	12	19	0	0	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	12	20	8	8	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	12	21	5	5	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	12	22	-	-	SYM
work_3r2nuqzigrab7f2wwf7zhiewvy	12	23	0	0	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	12	24	institutions	institution	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	12	25	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	12	26	modern	modern	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	12	27	capital	capital	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	12	28	markets	market	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	12	29	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	13	1	They	-PRON-	PRP
work_3r2nuqzigrab7f2wwf7zhiewvy	13	2	argue	argue	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	13	3	that	that	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	13	4	current	current	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	13	5	theory	theory	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	13	6	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	13	7	®	®	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	13	8	-	-	HYPH
work_3r2nuqzigrab7f2wwf7zhiewvy	13	9	nancial	nancial	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	13	10	intermediation	intermediation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	13	11	too	too	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	13	12	heavily	heavily	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	13	13	focuses	focus	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	13	14	on	on	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	13	15	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	13	16	functions	function	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	13	17	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	13	18	®	®	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	13	19	nancial	nancial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	13	20	insti-	insti-	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	13	21	tutions	tution	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	13	22	that	that	WDT
work_3r2nuqzigrab7f2wwf7zhiewvy	13	23	are	be	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	13	24	no	no	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	13	25	longer	long	RBR
work_3r2nuqzigrab7f2wwf7zhiewvy	13	26	crucial	crucial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	13	27	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	13	28	mature	mature	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	13	29	®	®	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	13	30	nancial	nancial	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	13	31	systems	system	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	13	32	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	14	1	They	-PRON-	PRP
work_3r2nuqzigrab7f2wwf7zhiewvy	14	2	suggest	suggest	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	14	3	that	that	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	14	4	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	14	5	emphasis	emphasis	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	14	6	on	on	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	14	7	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	14	8	role	role	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	14	9	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	14	10	intermediaries	intermediary	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	14	11	as	as	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	14	12	reducing	reduce	VBG
work_3r2nuqzigrab7f2wwf7zhiewvy	14	13	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	14	14	frictions	friction	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	14	15	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	14	16	trans-	trans-	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	14	17	action	action	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	14	18	costs	cost	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	14	19	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	14	20	asymmetric	asymmetric	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	14	21	information	information	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	14	22	is	be	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	14	23	too	too	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	14	24	strong	strong	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	14	25	;	;	:
work_3r2nuqzigrab7f2wwf7zhiewvy	14	26	while	while	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	14	27	these	these	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	14	28	factors	factor	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	14	29	may	may	MD
work_3r2nuqzigrab7f2wwf7zhiewvy	14	30	once	once	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	14	31	have	have	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	14	32	been	be	VBN
work_3r2nuqzigrab7f2wwf7zhiewvy	14	33	central	central	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	14	34	to	to	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	14	35	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	14	36	role	role	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	14	37	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	14	38	intermediaries	intermediary	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	14	39	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	14	40	they	-PRON-	PRP
work_3r2nuqzigrab7f2wwf7zhiewvy	14	41	are	be	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	14	42	increasingly	increasingly	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	14	43	less	less	RBR
work_3r2nuqzigrab7f2wwf7zhiewvy	14	44	relevant	relevant	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	14	45	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	15	1	Allen	Allen	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	15	2	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	15	3	Santomero	Santomero	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	15	4	suggest	suggest	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	15	5	a	a	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	15	6	view	view	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	15	7	on	on	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	15	8	®	®	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	15	9	nancial	nancial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	15	10	intermediaries	intermediary	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	15	11	that	that	WDT
work_3r2nuqzigrab7f2wwf7zhiewvy	15	12	centers	center	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	15	13	on	on	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	15	14	two	two	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	15	15	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	15	16	their	-PRON-	PRP$
work_3r2nuqzigrab7f2wwf7zhiewvy	15	17	roles	role	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	15	18	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	16	1	First	first	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	16	2	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	16	3	they	-PRON-	PRP
work_3r2nuqzigrab7f2wwf7zhiewvy	16	4	are	be	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	16	5	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	16	6	facilitators	facilitator	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	16	7	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	16	8	risk	risk	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	16	9	transfer	transfer	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	16	10	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	16	11	deal	deal	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	16	12	with	with	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	16	13	an	an	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	16	14	increasingly	increasingly	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	16	15	complex	complex	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	16	16	maze	maze	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	16	17	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	16	18	®	®	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	16	19	nancial	nancial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	16	20	instruments	instrument	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	16	21	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	16	22	markets	market	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	16	23	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	17	1	The	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	17	2	key	key	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	17	3	area	area	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	17	4	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	17	5	intermediary	intermediary	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	17	6	activity	activity	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	17	7	therefore	therefore	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	17	8	has	have	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	17	9	become	become	VBN
work_3r2nuqzigrab7f2wwf7zhiewvy	17	10	risk	risk	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	17	11	management	management	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	17	12	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	17	13	whereas	whereas	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	17	14	traditional	traditional	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	17	15	intermediation	intermediation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	17	16	theory	theory	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	17	17	o	o	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	17	18	�	�	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	17	19	ers	ers	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	17	20	little	little	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	17	21	to	to	TO
work_3r2nuqzigrab7f2wwf7zhiewvy	17	22	explain	explain	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	17	23	why	why	WRB
work_3r2nuqzigrab7f2wwf7zhiewvy	17	24	institu-	institu-	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	17	25	tions	tion	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	17	26	should	should	MD
work_3r2nuqzigrab7f2wwf7zhiewvy	17	27	perform	perform	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	17	28	this	this	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	17	29	function	function	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	17	30	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	18	1	Second	second	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	18	2	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	18	3	®	®	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	18	4	nancial	nancial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	18	5	intermediaries	intermediary	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	18	6	reduce	reduce	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	18	7	participation	participation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	18	8	costs	cost	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	18	9	±	±	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	18	10	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	18	11	costs	cost	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	18	12	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	18	13	learning	learn	VBG
work_3r2nuqzigrab7f2wwf7zhiewvy	18	14	about	about	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	18	15	e	e	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	18	16	�	�	VBG
work_3r2nuqzigrab7f2wwf7zhiewvy	18	17	ectively	ectively	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	18	18	using	use	VBG
work_3r2nuqzigrab7f2wwf7zhiewvy	18	19	markets	market	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	18	20	as	as	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	18	21	well	well	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	18	22	as	as	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	18	23	participating	participate	VBG
work_3r2nuqzigrab7f2wwf7zhiewvy	18	24	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	18	25	them	-PRON-	PRP
work_3r2nuqzigrab7f2wwf7zhiewvy	18	26	on	on	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	18	27	a	a	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	18	28	day	day	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	18	29	-	-	HYPH
work_3r2nuqzigrab7f2wwf7zhiewvy	18	30	to	to	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	18	31	-	-	HYPH
work_3r2nuqzigrab7f2wwf7zhiewvy	18	32	day	day	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	18	33	basis	basis	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	18	34	±	±	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	18	35	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	18	36	this	this	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	18	37	plays	play	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	18	38	an	an	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	18	39	im-	im-	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	18	40	portant	portant	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	18	41	role	role	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	18	42	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	18	43	understanding	understand	VBG
work_3r2nuqzigrab7f2wwf7zhiewvy	18	44	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	18	45	changes	change	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	18	46	that	that	WDT
work_3r2nuqzigrab7f2wwf7zhiewvy	18	47	have	have	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	18	48	taken	take	VBN
work_3r2nuqzigrab7f2wwf7zhiewvy	18	49	place	place	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	18	50	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	19	1	We	-PRON-	PRP
work_3r2nuqzigrab7f2wwf7zhiewvy	19	2	welcome	welcome	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	19	3	their	-PRON-	PRP$
work_3r2nuqzigrab7f2wwf7zhiewvy	19	4	e	e	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	19	5	�	�	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	19	6	ort	ort	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	19	7	to	to	TO
work_3r2nuqzigrab7f2wwf7zhiewvy	19	8	bring	bring	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	19	9	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	19	10	theory	theory	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	19	11	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	19	12	®	®	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	19	13	nancial	nancial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	19	14	intermediation	intermediation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	19	15	further	further	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	19	16	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	20	1	We	-PRON-	PRP
work_3r2nuqzigrab7f2wwf7zhiewvy	20	2	basically	basically	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	20	3	agree	agree	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	20	4	with	with	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	20	5	Allen	Allen	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	20	6	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	20	7	Santomero	Santomero	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	20	8	but	but	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	20	9	we	-PRON-	PRP
work_3r2nuqzigrab7f2wwf7zhiewvy	20	10	think	think	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	20	11	that	that	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	20	12	their	-PRON-	PRP$
work_3r2nuqzigrab7f2wwf7zhiewvy	20	13	analysis	analysis	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	20	14	is	be	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	20	15	incomplete	incomplete	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	20	16	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	21	1	In	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	21	2	this	this	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	21	3	comment	comment	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	21	4	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	21	5	we	-PRON-	PRP
work_3r2nuqzigrab7f2wwf7zhiewvy	21	6	go	go	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	21	7	into	into	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	21	8	some	some	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	21	9	points	point	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	21	10	which	which	WDT
work_3r2nuqzigrab7f2wwf7zhiewvy	21	11	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	21	12	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	21	13	our	-PRON-	PRP$
work_3r2nuqzigrab7f2wwf7zhiewvy	21	14	opinion	opinion	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	21	15	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	21	16	are	be	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	21	17	missing	miss	VBG
work_3r2nuqzigrab7f2wwf7zhiewvy	21	18	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	21	19	their	-PRON-	PRP$
work_3r2nuqzigrab7f2wwf7zhiewvy	21	20	theory	theory	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	21	21	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	21	22	®	®	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	21	23	nancial	nancial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	21	24	intermediation	intermediation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	21	25	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	22	1	We	-PRON-	PRP
work_3r2nuqzigrab7f2wwf7zhiewvy	22	2	question	question	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	22	3	whether	whether	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	22	4	risk	risk	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	22	5	management	management	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	22	6	is	be	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	22	7	something	something	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	22	8	that	that	WDT
work_3r2nuqzigrab7f2wwf7zhiewvy	22	9	is	be	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	22	10	undertaken	undertake	VBN
work_3r2nuqzigrab7f2wwf7zhiewvy	22	11	only	only	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	22	12	recently	recently	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	22	13	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	22	14	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	22	15	®	®	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	22	16	nancial	nancial	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	22	17	industry	industry	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	22	18	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	22	19	we	-PRON-	PRP
work_3r2nuqzigrab7f2wwf7zhiewvy	22	20	focus	focus	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	22	21	on	on	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	22	22	their	-PRON-	PRP$
work_3r2nuqzigrab7f2wwf7zhiewvy	22	23	concept	concept	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	22	24	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	22	25	participation	participation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	22	26	costs	cost	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	22	27	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	22	28	we	-PRON-	PRP
work_3r2nuqzigrab7f2wwf7zhiewvy	22	29	argue	argue	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	22	30	that	that	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	22	31	some	some	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	22	32	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	22	33	their	-PRON-	PRP$
work_3r2nuqzigrab7f2wwf7zhiewvy	22	34	critique	critique	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	22	35	on	on	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	22	36	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	22	37	existing	exist	VBG
work_3r2nuqzigrab7f2wwf7zhiewvy	22	38	literature	literature	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	22	39	goes	go	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	22	40	too	too	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	22	41	far	far	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	22	42	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	22	43	we	-PRON-	PRP
work_3r2nuqzigrab7f2wwf7zhiewvy	22	44	argue	argue	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	22	45	that	that	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	22	46	some	some	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	22	47	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	22	48	their	-PRON-	PRP$
work_3r2nuqzigrab7f2wwf7zhiewvy	22	49	critique	critique	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	22	50	does	do	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	22	51	not	not	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	22	52	go	go	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	22	53	far	far	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	22	54	enough	enough	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	22	55	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	23	1	We	-PRON-	PRP
work_3r2nuqzigrab7f2wwf7zhiewvy	23	2	hope	hope	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	23	3	to	to	TO
work_3r2nuqzigrab7f2wwf7zhiewvy	23	4	bring	bring	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	23	5	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	23	6	fundamental	fundamental	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	23	7	discussion	discussion	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	23	8	about	about	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	23	9	®	®	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	23	10	nancial	nancial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	23	11	intermediation	intermediation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	23	12	a	a	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	23	13	small	small	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	23	14	step	step	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	23	15	further	far	RBR
work_3r2nuqzigrab7f2wwf7zhiewvy	23	16	by	by	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	23	17	suggesting	suggest	VBG
work_3r2nuqzigrab7f2wwf7zhiewvy	23	18	elements	element	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	23	19	for	for	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	23	20	a	a	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	23	21	theory	theory	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	23	22	that	that	WDT
work_3r2nuqzigrab7f2wwf7zhiewvy	23	23	is	be	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	23	24	helpful	helpful	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	23	25	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	23	26	understanding	understanding	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	23	27	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	23	28	explaining	explain	VBG
work_3r2nuqzigrab7f2wwf7zhiewvy	23	29	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	23	30	daily	daily	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	23	31	operations	operation	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	23	32	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	23	33	®	®	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	23	34	nancial	nancial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	23	35	institutions	institution	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	23	36	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	23	37	markets	market	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	23	38	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	23	39	their	-PRON-	PRP$
work_3r2nuqzigrab7f2wwf7zhiewvy	23	40	function	function	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	23	41	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	23	42	signi	signi	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	23	43	®	®	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	23	44	cance	cance	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	23	45	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	23	46	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	23	47	real	real	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	23	48	economy	economy	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	23	49	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	24	1	2	2	LS
work_3r2nuqzigrab7f2wwf7zhiewvy	24	2	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	25	1	Do	do	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	25	2	®	®	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	25	3	nancial	nancial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	25	4	intermediaries	intermediary	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	25	5	face	face	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	25	6	extinction	extinction	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	25	7	?	?	.
work_3r2nuqzigrab7f2wwf7zhiewvy	26	1	We	-PRON-	PRP
work_3r2nuqzigrab7f2wwf7zhiewvy	26	2	wholeheartedly	wholeheartedly	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	26	3	agree	agree	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	26	4	with	with	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	26	5	Allen	Allen	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	26	6	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	26	7	SantomeroÕs	SantomeroÕs	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	26	8	(	(	-LRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	26	9	hereafter	hereafter	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	26	10	AS	AS	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	26	11	)	)	-RRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	26	12	anal-	anal-	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	26	13	ysis	ysis	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	26	14	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	26	15	terms	term	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	26	16	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	26	17	a	a	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	26	18	functional	functional	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	26	19	perspective	perspective	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	26	20	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	26	21	rather	rather	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	26	22	than	than	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	26	23	an	an	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	26	24	institutional	institutional	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	26	25	perspec-	perspec-	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	26	26	tive	tive	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	26	27	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	27	1	Countries	country	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	27	2	use	use	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	27	3	di	di	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	27	4	�	�	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	27	5	erent	erent	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	27	6	de	de	FW
work_3r2nuqzigrab7f2wwf7zhiewvy	27	7	®	®	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	27	8	nitions	nition	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	27	9	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	27	10	various	various	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	27	11	types	type	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	27	12	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	27	13	®	®	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	27	14	nancial	nancial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	27	15	intermediaries	intermediary	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	27	16	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	28	1	Furthermore	furthermore	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	28	2	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	28	3	regulations	regulation	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	28	4	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	28	5	some	some	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	28	6	countries	country	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	28	7	still	still	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	28	8	forbid	forbid	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	28	9	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	28	10	formation	formation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	28	11	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	28	12	certain	certain	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	28	13	types	type	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	28	14	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	28	15	®	®	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	28	16	nancial	nancial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	28	17	institutions	institution	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	28	18	that	that	WDT
work_3r2nuqzigrab7f2wwf7zhiewvy	28	19	are	be	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	28	20	an	an	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	28	21	essential	essential	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	28	22	part	part	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	28	23	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	28	24	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	28	25	economy	economy	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	28	26	elsewhere	elsewhere	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	28	27	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	29	1	The	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	29	2	paradigm	paradigm	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	29	3	used	use	VBN
work_3r2nuqzigrab7f2wwf7zhiewvy	29	4	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	29	5	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	29	6	current	current	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	29	7	theory	theory	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	29	8	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	29	9	®	®	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	29	10	nancial	nancial	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	29	11	intermediation	intermediation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	29	12	is	be	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	29	13	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	29	14	famous	famous	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	29	15	classical	classical	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	29	16	idea	idea	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	29	17	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	29	18	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	29	19	perfect	perfect	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	29	20	market	market	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	29	21	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	29	22	introduced	introduce	VBN
work_3r2nuqzigrab7f2wwf7zhiewvy	29	23	by	by	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	29	24	Marshall	Marshall	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	29	25	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	29	26	Walras	Walras	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	29	27	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	29	28	since	since	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	29	29	then	then	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	29	30	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	29	31	leading	lead	VBG
work_3r2nuqzigrab7f2wwf7zhiewvy	29	32	principle	principle	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	29	33	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	29	34	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	29	35	central	central	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	29	36	point	point	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	29	37	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	29	38	reference	reference	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	29	39	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	29	40	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	29	41	theory	theory	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	29	42	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	29	43	monopolistic	monopolistic	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	29	44	competition	competition	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	29	45	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	29	46	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	29	47	neo	neo	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	29	48	-	-	HYPH
work_3r2nuqzigrab7f2wwf7zhiewvy	29	49	classical	classical	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	29	50	growth	growth	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	29	51	theory	theory	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	29	52	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	29	53	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	29	54	portfolio	portfolio	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	29	55	investment	investment	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	29	56	theory	theory	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	29	57	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	29	58	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	29	59	theory	theory	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	29	60	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	29	61	®	®	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	29	62	nancial	nancial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	29	63	intermediation	intermediation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	29	64	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	30	1	This	this	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	30	2	paradigm	paradigm	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	30	3	is	be	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	30	4	formalized	formalize	VBN
work_3r2nuqzigrab7f2wwf7zhiewvy	30	5	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	30	6	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	30	7	traditional	traditional	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	30	8	Arrow±Debreu	arrow±debreu	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	30	9	model	model	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	30	10	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	30	11	resource	resource	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	30	12	allocation	allocation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	30	13	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	31	1	1244	1244	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	31	2	B.	B.	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	31	3	Scholtens	Scholtens	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	31	4	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	31	5	D.	D.	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	31	6	van	van	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	31	7	Wensveen	Wensveen	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	31	8	/	/	SYM
work_3r2nuqzigrab7f2wwf7zhiewvy	31	9	Journal	Journal	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	31	10	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	31	11	Banking	Banking	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	31	12	&	&	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	31	13	Finance	Finance	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	31	14	24	24	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	31	15	(	(	-LRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	31	16	2000	2000	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	31	17	)	)	-RRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	31	18	1243±1251	1243±1251	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	31	19	Financial	financial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	31	20	intermediaries	intermediary	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	31	21	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	31	22	according	accord	VBG
work_3r2nuqzigrab7f2wwf7zhiewvy	31	23	to	to	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	31	24	that	that	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	31	25	theory	theory	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	31	26	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	31	27	have	have	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	31	28	a	a	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	31	29	function	function	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	31	30	only	only	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	31	31	be-	be-	XX
work_3r2nuqzigrab7f2wwf7zhiewvy	31	32	cause	cause	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	31	33	®	®	,
work_3r2nuqzigrab7f2wwf7zhiewvy	31	34	nancial	nancial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	31	35	markets	market	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	31	36	are	be	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	31	37	not	not	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	31	38	perfect	perfect	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	31	39	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	32	1	They	-PRON-	PRP
work_3r2nuqzigrab7f2wwf7zhiewvy	32	2	exist	exist	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	32	3	by	by	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	32	4	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	32	5	grace	grace	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	32	6	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	32	7	market	market	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	32	8	imperfections	imperfection	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	32	9	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	33	1	As	as	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	33	2	long	long	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	33	3	as	as	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	33	4	there	there	EX
work_3r2nuqzigrab7f2wwf7zhiewvy	33	5	are	be	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	33	6	market	market	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	33	7	imperfections	imperfection	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	33	8	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	33	9	there	there	EX
work_3r2nuqzigrab7f2wwf7zhiewvy	33	10	are	be	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	33	11	interme-	interme-	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	33	12	diaries	diary	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	33	13	;	;	:
work_3r2nuqzigrab7f2wwf7zhiewvy	33	14	as	as	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	33	15	soon	soon	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	33	16	as	as	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	33	17	markets	market	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	33	18	are	be	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	33	19	perfect	perfect	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	33	20	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	33	21	intermediaries	intermediary	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	33	22	are	be	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	33	23	redundant	redundant	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	33	24	:	:	:
work_3r2nuqzigrab7f2wwf7zhiewvy	33	25	they	-PRON-	PRP
work_3r2nuqzigrab7f2wwf7zhiewvy	33	26	lose	lose	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	33	27	their	-PRON-	PRP$
work_3r2nuqzigrab7f2wwf7zhiewvy	33	28	function	function	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	33	29	as	as	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	33	30	soon	soon	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	33	31	as	as	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	33	32	savers	saver	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	33	33	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	33	34	investors	investor	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	33	35	have	have	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	33	36	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	33	37	perfect	perfect	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	33	38	information	information	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	33	39	to	to	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	33	40	®	®	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	33	41	nd	nd	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	33	42	each	each	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	33	43	other	other	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	33	44	directly	directly	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	33	45	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	33	46	immediately	immediately	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	33	47	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	33	48	without	without	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	33	49	any	any	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	33	50	impediments	impediment	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	33	51	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	33	52	so	so	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	33	53	without	without	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	33	54	costs	cost	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	33	55	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	34	1	Thus	thus	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	34	2	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	34	3	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	34	4	a	a	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	34	5	world	world	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	34	6	with	with	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	34	7	a	a	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	34	8	tendency	tendency	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	34	9	towards	towards	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	34	10	greater	great	JJR
work_3r2nuqzigrab7f2wwf7zhiewvy	34	11	market	market	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	34	12	transparency	transparency	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	34	13	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	34	14	e	e	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	34	15	�	�	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	34	16	ciency	ciency	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	34	17	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	34	18	®	®	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	34	19	nancial	nancial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	34	20	intermediaries	intermediary	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	34	21	are	be	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	34	22	an	an	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	34	23	endangered	endanger	VBN
work_3r2nuqzigrab7f2wwf7zhiewvy	34	24	species	species	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	34	25	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	35	1	However	however	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	35	2	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	35	3	despite	despite	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	35	4	globalization	globalization	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	35	5	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	35	6	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	35	7	information	information	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	35	8	revolution	revolution	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	35	9	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	35	10	a	a	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	35	11	much	much	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	35	12	more	more	RBR
work_3r2nuqzigrab7f2wwf7zhiewvy	35	13	prominent	prominent	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	35	14	role	role	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	35	15	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	35	16	public	public	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	35	17	markets	market	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	35	18	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	35	19	®	®	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	35	20	nancial	nancial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	35	21	intermediaries	intermediary	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	35	22	appear	appear	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	35	23	to	to	TO
work_3r2nuqzigrab7f2wwf7zhiewvy	35	24	survive	survive	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	35	25	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	36	1	A	a	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	36	2	tendency	tendency	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	36	3	towards	towards	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	36	4	a	a	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	36	5	relative	relative	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	36	6	reduction	reduction	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	36	7	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	36	8	certain	certain	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	36	9	activities	activity	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	36	10	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	36	11	some	some	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	36	12	®	®	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	36	13	nancial	nancial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	36	14	intermediaries	intermediary	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	36	15	is	be	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	36	16	going	go	VBG
work_3r2nuqzigrab7f2wwf7zhiewvy	36	17	on	on	RP
work_3r2nuqzigrab7f2wwf7zhiewvy	36	18	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	36	19	most	most	RBS
work_3r2nuqzigrab7f2wwf7zhiewvy	36	20	clearly	clearly	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	36	21	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	36	22	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	36	23	US	US	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	36	24	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	37	1	For	for	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	37	2	example	example	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	37	3	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	37	4	Fig	Fig	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	37	5	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	38	1	1	1	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	38	2	indicates	indicate	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	38	3	that	that	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	38	4	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	38	5	relative	relative	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	38	6	size	size	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	38	7	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	38	8	depository	depository	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	38	9	institutions	institution	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	38	10	(	(	-LRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	38	11	commercial	commercial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	38	12	banks	bank	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	38	13	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	38	14	savings	saving	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	38	15	institutions	institution	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	38	16	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	38	17	credit	credit	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	38	18	unions	union	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	38	19	)	)	-RRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	38	20	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	38	21	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	38	22	®	®	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	38	23	nancial	nancial	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	38	24	system	system	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	38	25	diminishes	diminishe	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	38	26	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	39	1	The	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	39	2	same	same	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	39	3	applies	apply	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	39	4	to	to	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	39	5	insurance	insurance	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	39	6	companies	company	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	39	7	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	40	1	In	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	40	2	contrast	contrast	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	40	3	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	40	4	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	40	5	relative	relative	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	40	6	size	size	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	40	7	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	40	8	pension	pension	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	40	9	funds	fund	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	40	10	(	(	-LRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	40	11	both	both	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	40	12	private	private	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	40	13	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	40	14	government	government	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	40	15	funds	fund	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	40	16	)	)	-RRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	40	17	as	as	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	40	18	well	well	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	40	19	as	as	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	40	20	that	that	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	40	21	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	40	22	mutual	mutual	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	40	23	funds	fund	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	40	24	(	(	-LRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	40	25	including	include	VBG
work_3r2nuqzigrab7f2wwf7zhiewvy	40	26	money	money	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	40	27	market	market	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	40	28	funds	fund	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	40	29	)	)	-RRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	40	30	increases	increase	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	40	31	considerably	considerably	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	40	32	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	41	1	The	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	41	2	overall	overall	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	41	3	size	size	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	41	4	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	41	5	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	41	6	assets	asset	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	41	7	held	hold	VBN
work_3r2nuqzigrab7f2wwf7zhiewvy	41	8	by	by	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	41	9	US	US	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	41	10	®	®	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	41	11	nancial	nancial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	41	12	institutions	institution	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	41	13	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	41	14	relation	relation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	41	15	to	to	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	41	16	gross	gross	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	41	17	domestic	domestic	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	41	18	product	product	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	41	19	is	be	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	41	20	depicted	depict	VBN
work_3r2nuqzigrab7f2wwf7zhiewvy	41	21	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	41	22	Fig	Fig	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	41	23	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	42	1	2	2	LS
work_3r2nuqzigrab7f2wwf7zhiewvy	42	2	(	(	-LRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	42	3	left	left	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	42	4	-	-	HYPH
work_3r2nuqzigrab7f2wwf7zhiewvy	42	5	hand	hand	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	42	6	scale	scale	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	42	7	)	)	-RRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	42	8	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	43	1	It	-PRON-	PRP
work_3r2nuqzigrab7f2wwf7zhiewvy	43	2	rose	rise	VBD
work_3r2nuqzigrab7f2wwf7zhiewvy	43	3	from	from	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	43	4	100	100	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	43	5	%	%	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	43	6	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	43	7	1950	1950	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	43	8	to	to	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	43	9	120	120	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	43	10	%	%	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	43	11	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	43	12	1960	1960	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	43	13	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	43	14	it	-PRON-	PRP
work_3r2nuqzigrab7f2wwf7zhiewvy	43	15	remained	remain	VBD
work_3r2nuqzigrab7f2wwf7zhiewvy	43	16	120	120	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	43	17	%	%	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	43	18	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	43	19	1970	1970	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	43	20	but	but	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	43	21	rose	rise	VBD
work_3r2nuqzigrab7f2wwf7zhiewvy	43	22	to	to	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	43	23	210	210	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	43	24	%	%	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	43	25	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	43	26	1980	1980	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	43	27	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	44	1	In	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	44	2	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	44	3	eighties	eighty	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	44	4	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	44	5	it	-PRON-	PRP
work_3r2nuqzigrab7f2wwf7zhiewvy	44	6	became	become	VBD
work_3r2nuqzigrab7f2wwf7zhiewvy	44	7	somewhat	somewhat	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	44	8	smaller	small	JJR
work_3r2nuqzigrab7f2wwf7zhiewvy	44	9	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	44	10	namely	namely	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	44	11	200	200	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	44	12	%	%	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	44	13	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	44	14	1990	1990	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	44	15	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	45	1	However	however	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	45	2	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	45	3	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	45	4	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	45	5	nineties	ninety	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	45	6	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	45	7	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	45	8	increase	increase	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	45	9	continued	continue	VBD
work_3r2nuqzigrab7f2wwf7zhiewvy	45	10	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	45	11	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	45	12	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	45	13	1995	1995	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	45	14	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	45	15	combined	combine	VBN
work_3r2nuqzigrab7f2wwf7zhiewvy	45	16	assets	asset	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	45	17	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	45	18	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	45	19	®	®	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	45	20	nancial	nancial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	45	21	intermediaries	intermediary	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	45	22	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	45	23	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	45	24	US	US	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	45	25	stood	stand	VBD
work_3r2nuqzigrab7f2wwf7zhiewvy	45	26	at	at	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	45	27	250	250	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	45	28	%	%	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	45	29	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	45	30	GDP	GDP	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	45	31	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	46	1	1	1	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	46	2	Banks	bank	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	46	3	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	46	4	both	both	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	46	5	uni-	uni-	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	46	6	versal	versal	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	46	7	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	46	8	investment	investment	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	46	9	banks	bank	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	46	10	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	46	11	are	be	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	46	12	under	under	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	46	13	pressure	pressure	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	46	14	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	46	15	not	not	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	46	16	only	only	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	46	17	from	from	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	46	18	competition	competition	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	46	19	amongst	amongst	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	46	20	themselves	-PRON-	PRP
work_3r2nuqzigrab7f2wwf7zhiewvy	46	21	but	but	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	46	22	increasingly	increasingly	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	46	23	also	also	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	46	24	from	from	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	46	25	other	other	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	46	26	intermediaries	intermediary	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	46	27	such	such	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	46	28	as	as	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	46	29	life	life	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	46	30	Fig	fig	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	46	31	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	47	1	1	1	LS
work_3r2nuqzigrab7f2wwf7zhiewvy	47	2	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	48	1	Distribution	distribution	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	48	2	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	48	3	US	US	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	48	4	®	®	,
work_3r2nuqzigrab7f2wwf7zhiewvy	48	5	nancial	nancial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	48	6	assets	asset	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	48	7	by	by	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	48	8	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	48	9	main	main	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	48	10	types	type	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	48	11	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	48	12	®	®	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	48	13	nancial	nancial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	48	14	intermediaries	intermediary	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	48	15	(	(	-LRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	48	16	Source	source	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	48	17	:	:	:
work_3r2nuqzigrab7f2wwf7zhiewvy	48	18	Barth	Barth	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	48	19	et	et	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	48	20	al	al	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	48	21	.	.	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	48	22	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	48	23	1997	1997	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	48	24	)	)	-RRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	48	25	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	49	1	1	1	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	49	2	Based	base	VBN
work_3r2nuqzigrab7f2wwf7zhiewvy	49	3	on	on	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	49	4	Barth	Barth	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	49	5	et	et	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	49	6	al	al	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	49	7	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	50	1	(	(	-LRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	50	2	1997	1997	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	50	3	)	)	-RRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	50	4	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	50	5	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	50	6	IMFÕs	IMFÕs	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	50	7	international	international	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	50	8	®	®	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	50	9	nancial	nancial	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	50	10	statistics	statistic	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	50	11	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	51	1	B.	B.	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	51	2	Scholtens	Scholtens	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	51	3	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	51	4	D.	D.	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	51	5	van	van	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	51	6	Wensveen	Wensveen	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	51	7	/	/	SYM
work_3r2nuqzigrab7f2wwf7zhiewvy	51	8	Journal	Journal	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	51	9	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	51	10	Banking	Banking	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	51	11	&	&	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	51	12	Finance	Finance	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	51	13	24	24	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	51	14	(	(	-LRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	51	15	2000	2000	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	51	16	)	)	-RRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	51	17	1243±1251	1243±1251	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	51	18	1245	1245	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	51	19	insurance	insurance	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	51	20	companies	company	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	51	21	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	51	22	investment	investment	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	51	23	funds	fund	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	51	24	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	51	25	leasing	lease	VBG
work_3r2nuqzigrab7f2wwf7zhiewvy	51	26	companies	company	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	51	27	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	51	28	other	other	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	51	29	®	®	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	51	30	nance	nance	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	51	31	companies	company	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	51	32	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	51	33	such	such	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	51	34	as	as	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	51	35	specialized	specialized	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	51	36	daughters	daughter	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	51	37	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	51	38	big	big	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	51	39	industrial	industrial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	51	40	or	or	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	51	41	trade	trade	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	51	42	companies	company	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	51	43	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	51	44	merger	merger	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	51	45	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	51	46	acquisition	acquisition	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	51	47	specialists	specialist	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	51	48	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	51	49	advice	advice	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	51	50	departments	department	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	51	51	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	51	52	auditor	auditor	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	51	53	or	or	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	51	54	lawyer	lawyer	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	51	55	®	®	.
work_3r2nuqzigrab7f2wwf7zhiewvy	51	56	rms	rms	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	51	57	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	52	1	And	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	52	2	large	large	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	52	3	companies	company	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	52	4	are	be	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	52	5	entering	enter	VBG
work_3r2nuqzigrab7f2wwf7zhiewvy	52	6	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	52	7	money	money	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	52	8	market	market	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	52	9	directly	directly	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	52	10	instead	instead	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	52	11	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	52	12	dealing	deal	VBG
work_3r2nuqzigrab7f2wwf7zhiewvy	52	13	with	with	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	52	14	a	a	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	52	15	bank	bank	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	52	16	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	53	1	The	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	53	2	growth	growth	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	53	3	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	53	4	securitized	securitized	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	53	5	assets	asset	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	53	6	re¯ects	re¯ect	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	53	7	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	53	8	upcoming	upcoming	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	53	9	role	role	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	53	10	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	53	11	stock	stock	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	53	12	exchanges	exchange	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	53	13	at	at	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	53	14	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	53	15	expense	expense	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	53	16	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	53	17	traditional	traditional	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	53	18	banking	banking	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	53	19	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	54	1	But	but	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	54	2	it	-PRON-	PRP
work_3r2nuqzigrab7f2wwf7zhiewvy	54	3	is	be	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	54	4	a	a	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	54	5	miscon-	miscon-	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	54	6	ception	ception	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	54	7	to	to	TO
work_3r2nuqzigrab7f2wwf7zhiewvy	54	8	interpret	interpret	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	54	9	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	54	10	relative	relative	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	54	11	declining	decline	VBG
work_3r2nuqzigrab7f2wwf7zhiewvy	54	12	role	role	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	54	13	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	54	14	banks	bank	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	54	15	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	54	16	Fig	Fig	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	54	17	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	55	1	1	1	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	55	2	as	as	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	55	3	a	a	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	55	4	general	general	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	55	5	process	process	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	55	6	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	55	7	disintermediation	disintermediation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	55	8	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	56	1	Fig	fig	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	56	2	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	57	1	2	2	LS
work_3r2nuqzigrab7f2wwf7zhiewvy	57	2	(	(	-LRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	57	3	right	right	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	57	4	-	-	HYPH
work_3r2nuqzigrab7f2wwf7zhiewvy	57	5	hand	hand	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	57	6	scale	scale	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	57	7	)	)	-RRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	57	8	shows	show	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	57	9	that	that	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	57	10	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	57	11	ratio	ratio	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	57	12	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	57	13	depository	depository	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	57	14	institutionsÕ	institutionsÕ	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	57	15	assets	asset	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	57	16	to	to	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	57	17	GDP	GDP	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	57	18	was	be	VBD
work_3r2nuqzigrab7f2wwf7zhiewvy	57	19	0.53	0.53	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	57	20	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	57	21	1950	1950	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	57	22	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	58	1	Thereafter	thereafter	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	58	2	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	58	3	it	-PRON-	PRP
work_3r2nuqzigrab7f2wwf7zhiewvy	58	4	fell	fall	VBD
work_3r2nuqzigrab7f2wwf7zhiewvy	58	5	to	to	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	58	6	0.45	0.45	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	58	7	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	58	8	1960	1960	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	58	9	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	58	10	it	-PRON-	PRP
work_3r2nuqzigrab7f2wwf7zhiewvy	58	11	was	be	VBD
work_3r2nuqzigrab7f2wwf7zhiewvy	58	12	0.46	0.46	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	58	13	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	58	14	1970	1970	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	58	15	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	59	1	The	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	59	2	1970s	1970	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	59	3	saw	see	VBD
work_3r2nuqzigrab7f2wwf7zhiewvy	59	4	a	a	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	59	5	huge	huge	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	59	6	increase	increase	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	59	7	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	59	8	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	59	9	growth	growth	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	59	10	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	59	11	bank	bank	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	59	12	assets	asset	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	59	13	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	59	14	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	59	15	1980	1980	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	59	16	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	59	17	ratio	ratio	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	59	18	had	have	VBD
work_3r2nuqzigrab7f2wwf7zhiewvy	59	19	become	become	VBN
work_3r2nuqzigrab7f2wwf7zhiewvy	59	20	0.73	0.73	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	59	21	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	60	1	The	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	60	2	savings	saving	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	60	3	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	60	4	loans	loan	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	60	5	crisis	crisis	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	60	6	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	60	7	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	60	8	1980s	1980s	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	60	9	was	be	VBD
work_3r2nuqzigrab7f2wwf7zhiewvy	60	10	very	very	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	60	11	much	much	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	60	12	responsible	responsible	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	60	13	for	for	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	60	14	a	a	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	60	15	decline	decline	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	60	16	to	to	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	60	17	0.56	0.56	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	60	18	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	60	19	1990	1990	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	60	20	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	61	1	In	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	61	2	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	61	3	1990s	1990	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	61	4	we	-PRON-	PRP
work_3r2nuqzigrab7f2wwf7zhiewvy	61	5	witnessed	witness	VBD
work_3r2nuqzigrab7f2wwf7zhiewvy	61	6	a	a	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	61	7	renewed	renew	VBN
work_3r2nuqzigrab7f2wwf7zhiewvy	61	8	increase	increase	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	61	9	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	61	10	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	61	11	ratio	ratio	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	61	12	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	61	13	bank	bank	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	61	14	assets	asset	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	61	15	to	to	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	61	16	GDP	GDP	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	61	17	as	as	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	61	18	it	-PRON-	PRP
work_3r2nuqzigrab7f2wwf7zhiewvy	61	19	was	be	VBD
work_3r2nuqzigrab7f2wwf7zhiewvy	61	20	0.63	0.63	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	61	21	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	61	22	1995	1995	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	61	23	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	62	1	Thus	thus	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	62	2	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	62	3	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	62	4	relative	relative	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	62	5	size	size	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	62	6	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	62	7	depository	depository	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	62	8	institutions	institution	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	62	9	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	62	10	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	62	11	US	US	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	62	12	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	62	13	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	62	14	mid-1990s	mid-1990	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	62	15	was	be	VBD
work_3r2nuqzigrab7f2wwf7zhiewvy	62	16	more	more	JJR
work_3r2nuqzigrab7f2wwf7zhiewvy	62	17	than	than	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	62	18	one	one	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	62	19	third	third	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	62	20	larger	large	JJR
work_3r2nuqzigrab7f2wwf7zhiewvy	62	21	than	than	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	62	22	that	that	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	62	23	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	62	24	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	62	25	mid-	mid-	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	62	26	1960s	1960s	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	62	27	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	63	1	Note	note	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	63	2	that	that	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	63	3	Fig	Fig	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	63	4	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	64	1	2	2	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	64	2	does	do	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	64	3	not	not	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	64	4	take	take	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	64	5	into	into	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	64	6	account	account	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	64	7	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	64	8	rise	rise	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	64	9	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	64	10	o	o	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	64	11	�	�	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	64	12	-balance	-balance	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	64	13	sheet	sheet	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	64	14	items	item	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	64	15	that	that	WDT
work_3r2nuqzigrab7f2wwf7zhiewvy	64	16	took	take	VBD
work_3r2nuqzigrab7f2wwf7zhiewvy	64	17	place	place	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	64	18	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	64	19	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	64	20	banking	banking	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	64	21	industry	industry	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	64	22	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	64	23	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	64	24	1980s	1980	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	64	25	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	64	26	1990s	1990	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	64	27	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	65	1	From	from	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	65	2	Fig	Fig	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	65	3	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	66	1	2	2	LS
work_3r2nuqzigrab7f2wwf7zhiewvy	66	2	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	66	3	we	-PRON-	PRP
work_3r2nuqzigrab7f2wwf7zhiewvy	66	4	conclude	conclude	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	66	5	that	that	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	66	6	®	®	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	66	7	nancial	nancial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	66	8	intermediaries	intermediary	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	66	9	are	be	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	66	10	not	not	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	66	11	fading	fade	VBG
work_3r2nuqzigrab7f2wwf7zhiewvy	66	12	away	away	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	66	13	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	67	1	Neither	neither	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	67	2	is	be	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	67	3	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	67	4	banking	banking	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	67	5	industry	industry	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	67	6	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	68	1	Only	only	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	68	2	an	an	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	68	3	institutional	institutional	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	68	4	perspective	perspective	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	68	5	might	may	MD
work_3r2nuqzigrab7f2wwf7zhiewvy	68	6	conclude	conclude	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	68	7	(	(	-LRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	68	8	on	on	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	68	9	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	68	10	basis	basis	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	68	11	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	68	12	Fig	Fig	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	68	13	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	69	1	1	1	LS
work_3r2nuqzigrab7f2wwf7zhiewvy	69	2	)	)	-RRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	69	3	to	to	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	69	4	disintermediation	disintermediation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	69	5	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	69	6	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	69	7	banking	banking	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	69	8	industry	industry	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	69	9	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	70	1	The	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	70	2	functional	functional	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	70	3	Fig	fig	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	70	4	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	71	1	2	2	LS
work_3r2nuqzigrab7f2wwf7zhiewvy	71	2	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	72	1	Relative	relative	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	72	2	size	size	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	72	3	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	72	4	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	72	5	US	US	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	72	6	®	®	NNPS
work_3r2nuqzigrab7f2wwf7zhiewvy	72	7	nancial	nancial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	72	8	sector	sector	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	72	9	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	72	10	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	72	11	banking	banking	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	72	12	industry	industry	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	72	13	(	(	-LRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	72	14	Source	source	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	72	15	:	:	:
work_3r2nuqzigrab7f2wwf7zhiewvy	72	16	Barth	Barth	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	72	17	et	et	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	72	18	al	al	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	72	19	.	.	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	72	20	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	72	21	1997	1997	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	72	22	)	)	-RRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	72	23	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	73	1	1246	1246	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	73	2	B.	B.	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	73	3	Scholtens	Scholtens	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	73	4	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	73	5	D.	D.	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	73	6	van	van	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	73	7	Wensveen	Wensveen	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	73	8	/	/	SYM
work_3r2nuqzigrab7f2wwf7zhiewvy	73	9	Journal	Journal	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	73	10	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	73	11	Banking	Banking	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	73	12	&	&	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	73	13	Finance	Finance	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	73	14	24	24	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	73	15	(	(	-LRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	73	16	2000	2000	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	73	17	)	)	-RRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	73	18	1243±1251	1243±1251	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	73	19	view	view	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	73	20	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	73	21	however	however	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	73	22	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	73	23	reveals	reveal	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	73	24	that	that	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	73	25	®	®	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	73	26	nancial	nancial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	73	27	intermediaries	intermediary	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	73	28	are	be	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	73	29	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	73	30	increasing	increase	VBG
work_3r2nuqzigrab7f2wwf7zhiewvy	73	31	impor-	impor-	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	73	32	tance	tance	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	73	33	to	to	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	73	34	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	73	35	modern	modern	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	73	36	economy	economy	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	73	37	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	74	1	Why	why	WRB
work_3r2nuqzigrab7f2wwf7zhiewvy	74	2	is	be	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	74	3	it	-PRON-	PRP
work_3r2nuqzigrab7f2wwf7zhiewvy	74	4	that	that	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	74	5	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	74	6	relative	relative	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	74	7	importance	importance	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	74	8	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	74	9	®	®	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	74	10	nancial	nancial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	74	11	intermediaries	intermediary	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	74	12	increases	increase	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	74	13	?	?	.
work_3r2nuqzigrab7f2wwf7zhiewvy	75	1	Financial	financial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	75	2	intermediaries	intermediary	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	75	3	perform	perform	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	75	4	gradually	gradually	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	75	5	more	more	RBR
work_3r2nuqzigrab7f2wwf7zhiewvy	75	6	sophisticated	sophisticated	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	75	7	functions	function	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	75	8	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	75	9	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	75	10	modern	modern	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	75	11	±	±	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	75	12	more	more	JJR
work_3r2nuqzigrab7f2wwf7zhiewvy	75	13	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	75	14	more	more	RBR
work_3r2nuqzigrab7f2wwf7zhiewvy	75	15	complex	complex	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	75	16	±	±	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	75	17	economy	economy	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	75	18	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	76	1	Despite	despite	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	76	2	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	76	3	ongoing	ongoing	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	76	4	perfection	perfection	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	76	5	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	76	6	indicating	indicate	VBG
work_3r2nuqzigrab7f2wwf7zhiewvy	76	7	a	a	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	76	8	declining	decline	VBG
work_3r2nuqzigrab7f2wwf7zhiewvy	76	9	price	price	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	76	10	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	76	11	information	information	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	76	12	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	76	13	asymmetric	asymmetric	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	76	14	information	information	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	76	15	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	76	16	transaction	transaction	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	76	17	costs	cost	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	76	18	seem	seem	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	76	19	to	to	TO
work_3r2nuqzigrab7f2wwf7zhiewvy	76	20	be	be	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	76	21	still	still	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	76	22	important	important	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	76	23	elements	element	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	76	24	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	76	25	intermediation	intermediation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	76	26	pro-	pro-	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	76	27	cesses	cesse	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	76	28	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	77	1	This	this	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	77	2	suggests	suggest	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	77	3	that	that	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	77	4	there	there	EX
work_3r2nuqzigrab7f2wwf7zhiewvy	77	5	is	be	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	77	6	something	something	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	77	7	extra	extra	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	77	8	that	that	WDT
work_3r2nuqzigrab7f2wwf7zhiewvy	77	9	is	be	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	77	10	relevant	relevant	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	77	11	for	for	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	77	12	®	®	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	77	13	nancial	nancial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	77	14	intermediation	intermediation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	77	15	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	78	1	But	but	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	78	2	what	what	WP
work_3r2nuqzigrab7f2wwf7zhiewvy	78	3	is	be	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	78	4	that	that	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	78	5	ÔextraÕ	ÔextraÕ	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	78	6	?	?	.
work_3r2nuqzigrab7f2wwf7zhiewvy	79	1	We	-PRON-	PRP
work_3r2nuqzigrab7f2wwf7zhiewvy	79	2	agree	agree	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	79	3	with	with	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	79	4	AS	AS	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	79	5	that	that	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	79	6	risk	risk	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	79	7	manage-	manage-	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	79	8	ment	ment	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	79	9	has	have	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	79	10	become	become	VBN
work_3r2nuqzigrab7f2wwf7zhiewvy	79	11	a	a	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	79	12	prominent	prominent	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	79	13	function	function	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	79	14	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	79	15	®	®	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	79	16	nancial	nancial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	79	17	intermediation	intermediation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	79	18	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	80	1	However	however	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	80	2	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	80	3	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	80	4	our	-PRON-	PRP$
work_3r2nuqzigrab7f2wwf7zhiewvy	80	5	opinion	opinion	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	80	6	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	80	7	it	-PRON-	PRP
work_3r2nuqzigrab7f2wwf7zhiewvy	80	8	is	be	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	80	9	not	not	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	80	10	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	80	11	only	only	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	80	12	factor	factor	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	80	13	that	that	WDT
work_3r2nuqzigrab7f2wwf7zhiewvy	80	14	can	can	MD
work_3r2nuqzigrab7f2wwf7zhiewvy	80	15	be	be	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	80	16	held	hold	VBN
work_3r2nuqzigrab7f2wwf7zhiewvy	80	17	responsible	responsible	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	80	18	for	for	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	80	19	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	80	20	seemingly	seemingly	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	80	21	steady	steady	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	80	22	rise	rise	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	80	23	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	80	24	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	80	25	®	®	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	80	26	nancial	nancial	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	80	27	industry	industry	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	80	28	within	within	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	80	29	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	80	30	modern	modern	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	80	31	economy	economy	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	80	32	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	81	1	In	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	81	2	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	81	3	next	next	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	81	4	section	section	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	81	5	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	81	6	we	-PRON-	PRP
work_3r2nuqzigrab7f2wwf7zhiewvy	81	7	evaluate	evaluate	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	81	8	ASÕs	asõ	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	81	9	suggestion	suggestion	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	81	10	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	81	11	risk	risk	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	81	12	management	management	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	81	13	as	as	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	81	14	responsible	responsible	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	81	15	for	for	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	81	16	modern	modern	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	81	17	®	®	NNPS
work_3r2nuqzigrab7f2wwf7zhiewvy	81	18	nancial	nancial	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	81	19	intermediation	intermediation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	81	20	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	82	1	In	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	82	2	Section	section	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	82	3	4	4	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	82	4	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	82	5	we	-PRON-	PRP
work_3r2nuqzigrab7f2wwf7zhiewvy	82	6	put	put	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	82	7	forward	forward	RP
work_3r2nuqzigrab7f2wwf7zhiewvy	82	8	ideas	idea	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	82	9	that	that	WDT
work_3r2nuqzigrab7f2wwf7zhiewvy	82	10	may	may	MD
work_3r2nuqzigrab7f2wwf7zhiewvy	82	11	complement	complement	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	82	12	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	82	13	justi	justi	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	82	14	®	®	NNPS
work_3r2nuqzigrab7f2wwf7zhiewvy	82	15	cation	cation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	82	16	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	82	17	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	82	18	growth	growth	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	82	19	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	82	20	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	82	21	®	®	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	82	22	nancial	nancial	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	82	23	in-	in-	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	82	24	dustry	dustry	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	82	25	as	as	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	82	26	given	give	VBN
work_3r2nuqzigrab7f2wwf7zhiewvy	82	27	by	by	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	82	28	AS	AS	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	82	29	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	83	1	3	3	LS
work_3r2nuqzigrab7f2wwf7zhiewvy	83	2	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	84	1	Risk	risk	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	84	2	management	management	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	84	3	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	84	4	participation	participation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	84	5	costs	cost	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	84	6	In	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	84	7	our	-PRON-	PRP$
work_3r2nuqzigrab7f2wwf7zhiewvy	84	8	opinion	opinion	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	84	9	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	84	10	AS	as	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	84	11	are	be	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	84	12	right	right	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	84	13	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	84	14	suggesting	suggest	VBG
work_3r2nuqzigrab7f2wwf7zhiewvy	84	15	a	a	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	84	16	central	central	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	84	17	role	role	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	84	18	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	84	19	risk	risk	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	84	20	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	84	21	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	84	22	in-	in-	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	84	23	termediation	termediation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	84	24	process	process	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	84	25	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	84	26	proposing	propose	VBG
work_3r2nuqzigrab7f2wwf7zhiewvy	84	27	that	that	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	84	28	risk	risk	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	84	29	management	management	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	84	30	become	become	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	84	31	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	84	32	main	main	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	84	33	item	item	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	84	34	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	84	35	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	84	36	research	research	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	84	37	agenda	agenda	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	84	38	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	85	1	Risk	risk	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	85	2	analysis	analysis	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	85	3	is	be	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	85	4	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	85	5	since	since	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	85	6	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	85	7	emergence	emergence	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	85	8	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	85	9	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	85	10	modern	modern	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	85	11	portfolio	portfolio	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	85	12	theory	theory	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	85	13	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	85	14	fully	fully	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	85	15	incorporated	incorporate	VBN
work_3r2nuqzigrab7f2wwf7zhiewvy	85	16	on	on	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	85	17	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	85	18	micro	micro	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	85	19	level	level	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	85	20	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	85	21	pricing	pricing	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	85	22	models	model	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	85	23	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	85	24	plays	play	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	85	25	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	85	26	central	central	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	85	27	role	role	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	85	28	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	85	29	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	85	30	research	research	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	85	31	on	on	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	85	32	securities	security	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	85	33	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	85	34	derivatives	derivative	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	85	35	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	86	1	But	but	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	86	2	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	86	3	risk/	risk/	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	86	4	reward	reward	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	86	5	relation	relation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	86	6	has	have	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	86	7	not	not	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	86	8	yet	yet	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	86	9	been	be	VBN
work_3r2nuqzigrab7f2wwf7zhiewvy	86	10	analyzed	analyze	VBN
work_3r2nuqzigrab7f2wwf7zhiewvy	86	11	on	on	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	86	12	an	an	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	86	13	industry	industry	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	86	14	level	level	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	86	15	or	or	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	86	16	on	on	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	86	17	a	a	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	86	18	macro-	macro-	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	86	19	economic	economic	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	86	20	level	level	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	86	21	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	87	1	What	what	WP
work_3r2nuqzigrab7f2wwf7zhiewvy	87	2	is	be	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	87	3	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	87	4	remuneration	remuneration	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	87	5	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	87	6	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	87	7	industry	industry	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	87	8	for	for	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	87	9	its	-PRON-	PRP$
work_3r2nuqzigrab7f2wwf7zhiewvy	87	10	risk	risk	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	87	11	trans-	trans-	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	87	12	forming	form	VBG
work_3r2nuqzigrab7f2wwf7zhiewvy	87	13	activity	activity	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	87	14	?	?	.
work_3r2nuqzigrab7f2wwf7zhiewvy	88	1	How	how	WRB
work_3r2nuqzigrab7f2wwf7zhiewvy	88	2	is	be	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	88	3	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	88	4	relation	relation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	88	5	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	88	6	this	this	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	88	7	part	part	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	88	8	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	88	9	its	-PRON-	PRP$
work_3r2nuqzigrab7f2wwf7zhiewvy	88	10	revenues	revenue	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	88	11	to	to	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	88	12	total	total	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	88	13	revenues	revenue	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	88	14	?	?	.
work_3r2nuqzigrab7f2wwf7zhiewvy	89	1	Is	be	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	89	2	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	89	3	remuneration	remuneration	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	89	4	adequate	adequate	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	89	5	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	89	6	view	view	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	89	7	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	89	8	risk	risk	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	89	9	losses	loss	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	89	10	(	(	-LRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	89	11	bad	bad	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	89	12	debtors	debtor	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	89	13	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	89	14	interest	interest	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	89	15	rate	rate	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	89	16	¯uctuations	¯uctuation	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	89	17	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	89	18	stock	stock	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	89	19	price	price	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	89	20	movements	movement	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	89	21	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	89	22	mortality	mortality	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	89	23	)	)	-RRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	89	24	?	?	.
work_3r2nuqzigrab7f2wwf7zhiewvy	90	1	Is	be	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	90	2	risk	risk	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	90	3	well	well	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	90	4	paid	pay	VBN
work_3r2nuqzigrab7f2wwf7zhiewvy	90	5	for	for	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	90	6	at	at	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	90	7	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	90	8	industry	industry	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	90	9	level	level	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	90	10	?	?	.
work_3r2nuqzigrab7f2wwf7zhiewvy	91	1	Furthermore	furthermore	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	91	2	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	91	3	is	be	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	91	4	risk	risk	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	91	5	management	management	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	91	6	really	really	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	91	7	a	a	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	91	8	new	new	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	91	9	phenomenon	phenomenon	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	91	10	?	?	.
work_3r2nuqzigrab7f2wwf7zhiewvy	92	1	Something	something	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	92	2	that	that	WDT
work_3r2nuqzigrab7f2wwf7zhiewvy	92	3	emerged	emerge	VBD
work_3r2nuqzigrab7f2wwf7zhiewvy	92	4	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	92	5	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	92	6	1960s	1960	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	92	7	or	or	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	92	8	1970s	1970	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	92	9	as	as	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	92	10	AS	as	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	92	11	argue	argue	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	92	12	?	?	.
work_3r2nuqzigrab7f2wwf7zhiewvy	93	1	We	-PRON-	PRP
work_3r2nuqzigrab7f2wwf7zhiewvy	93	2	very	very	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	93	3	much	much	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	93	4	doubt	doubt	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	93	5	it	-PRON-	PRP
work_3r2nuqzigrab7f2wwf7zhiewvy	93	6	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	94	1	Risk	risk	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	94	2	management	management	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	94	3	has	have	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	94	4	not	not	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	94	5	become	become	VBN
work_3r2nuqzigrab7f2wwf7zhiewvy	94	6	important	important	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	94	7	only	only	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	94	8	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	94	9	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	94	10	recent	recent	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	94	11	past	past	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	94	12	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	95	1	In	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	95	2	contrast	contrast	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	95	3	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	95	4	we	-PRON-	PRP
work_3r2nuqzigrab7f2wwf7zhiewvy	95	5	see	see	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	95	6	risk	risk	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	95	7	as	as	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	95	8	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	95	9	root	root	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	95	10	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	95	11	®	®	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	95	12	nancial	nancial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	95	13	intermediation	intermediation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	95	14	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	95	15	as	as	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	95	16	its	-PRON-	PRP$
work_3r2nuqzigrab7f2wwf7zhiewvy	95	17	main	main	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	95	18	raison	raison	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	95	19	dÕêtre	dÕêtre	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	95	20	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	96	1	The	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	96	2	origins	origin	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	96	3	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	96	4	banking	banking	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	96	5	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	96	6	insurance	insurance	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	96	7	lie	lie	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	96	8	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	96	9	their	-PRON-	PRP$
work_3r2nuqzigrab7f2wwf7zhiewvy	96	10	risk	risk	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	96	11	transforming	transforming	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	96	12	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	96	13	risk	risk	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	96	14	man-	man-	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	96	15	aging	age	VBG
work_3r2nuqzigrab7f2wwf7zhiewvy	96	16	functions	function	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	96	17	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	97	1	The	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	97	2	merchant	merchant	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	97	3	bankers	banker	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	97	4	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	97	5	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	97	6	Italian	italian	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	97	7	Renaissance	Renaissance	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	97	8	already	already	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	97	9	managed	manage	VBD
work_3r2nuqzigrab7f2wwf7zhiewvy	97	10	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	97	11	®	®	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	97	12	nancial	nancial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	97	13	risks	risk	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	97	14	not	not	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	97	15	only	only	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	97	16	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	97	17	kings	king	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	97	18	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	97	19	popes	pope	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	97	20	but	but	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	97	21	also	also	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	97	22	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	97	23	merchants	merchant	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	97	24	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	98	1	Insurers	insurer	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	98	2	took	take	VBD
work_3r2nuqzigrab7f2wwf7zhiewvy	98	3	over	over	RP
work_3r2nuqzigrab7f2wwf7zhiewvy	98	4	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	98	5	risks	risk	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	98	6	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	98	7	merchants	merchant	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	98	8	sending	send	VBG
work_3r2nuqzigrab7f2wwf7zhiewvy	98	9	their	-PRON-	PRP$
work_3r2nuqzigrab7f2wwf7zhiewvy	98	10	goods	good	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	98	11	overseas	overseas	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	98	12	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	99	1	In	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	99	2	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	99	3	Dutch	Dutch	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	99	4	Republic	Republic	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	99	5	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	99	6	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	99	7	eighteenth	eighteenth	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	99	8	century	century	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	99	9	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	99	10	true	true	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	99	11	investment	investment	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	99	12	bankers	banker	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	99	13	emerged	emerge	VBD
work_3r2nuqzigrab7f2wwf7zhiewvy	99	14	who	who	WP
work_3r2nuqzigrab7f2wwf7zhiewvy	99	15	not	not	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	99	16	passively	passively	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	99	17	managed	manage	VBN
work_3r2nuqzigrab7f2wwf7zhiewvy	99	18	assets	asset	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	99	19	but	but	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	99	20	actively	actively	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	99	21	assumed	assume	VBD
work_3r2nuqzigrab7f2wwf7zhiewvy	99	22	underwriting	underwriting	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	99	23	risk	risk	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	99	24	themselves	-PRON-	PRP
work_3r2nuqzigrab7f2wwf7zhiewvy	99	25	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	100	1	And	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	100	2	even	even	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	100	3	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	100	4	seemingly	seemingly	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	100	5	dull	dull	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	100	6	business	business	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	100	7	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	100	8	savings	saving	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	100	9	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	100	10	loans	loan	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	100	11	asso-	asso-	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	100	12	ciations	ciation	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	100	13	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	100	14	credit	credit	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	100	15	unions	union	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	100	16	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	100	17	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	100	18	US	US	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	100	19	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	100	20	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	100	21	1950s	1950	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	100	22	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	100	23	1960s	1960	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	100	24	is	be	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	100	25	risk	risk	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	100	26	management	management	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	100	27	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	100	28	B.	B.	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	100	29	Scholtens	Scholtens	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	100	30	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	100	31	D.	D.	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	100	32	van	van	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	100	33	Wensveen	Wensveen	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	100	34	/	/	SYM
work_3r2nuqzigrab7f2wwf7zhiewvy	100	35	Journal	Journal	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	100	36	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	100	37	Banking	Banking	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	100	38	&	&	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	100	39	Finance	Finance	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	100	40	24	24	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	100	41	(	(	-LRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	100	42	2000	2000	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	100	43	)	)	-RRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	100	44	1243±1251	1243±1251	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	100	45	1247	1247	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	100	46	as	as	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	100	47	they	-PRON-	PRP
work_3r2nuqzigrab7f2wwf7zhiewvy	100	48	manage	manage	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	100	49	interest	interest	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	100	50	rate	rate	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	100	51	risk	risk	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	100	52	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	100	53	credit	credit	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	100	54	risk	risk	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	100	55	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	100	56	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	100	57	liquidity	liquidity	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	100	58	risk	risk	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	100	59	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	101	1	Therefore	therefore	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	101	2	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	101	3	dealing	deal	VBG
work_3r2nuqzigrab7f2wwf7zhiewvy	101	4	with	with	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	101	5	risk	risk	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	101	6	is	be	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	101	7	±	±	JJS
work_3r2nuqzigrab7f2wwf7zhiewvy	101	8	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	101	9	always	always	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	101	10	has	have	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	101	11	been	be	VBN
work_3r2nuqzigrab7f2wwf7zhiewvy	101	12	±	±	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	101	13	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	101	14	bread	bread	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	101	15	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	101	16	butter	butter	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	101	17	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	101	18	®	®	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	101	19	nancial	nancial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	101	20	intermediaries	intermediary	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	101	21	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	102	1	By	by	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	102	2	specializing	specialize	VBG
work_3r2nuqzigrab7f2wwf7zhiewvy	102	3	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	102	4	information	information	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	102	5	production	production	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	102	6	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	102	7	processing	processing	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	102	8	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	102	9	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	102	10	by	by	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	102	11	diversifying	diversify	VBG
work_3r2nuqzigrab7f2wwf7zhiewvy	102	12	individual	individual	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	102	13	credit	credit	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	102	14	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	102	15	term	term	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	102	16	risks	risk	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	102	17	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	102	18	they	-PRON-	PRP
work_3r2nuqzigrab7f2wwf7zhiewvy	102	19	have	have	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	102	20	been	be	VBN
work_3r2nuqzigrab7f2wwf7zhiewvy	102	21	able	able	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	102	22	to	to	TO
work_3r2nuqzigrab7f2wwf7zhiewvy	102	23	absorb	absorb	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	102	24	risk	risk	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	102	25	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	103	1	AS	as	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	103	2	associate	associate	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	103	3	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	103	4	risk	risk	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	103	5	management	management	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	103	6	function	function	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	103	7	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	103	8	®	®	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	103	9	nancial	nancial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	103	10	intermediaries	intermediary	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	103	11	with	with	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	103	12	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	103	13	growing	grow	VBG
work_3r2nuqzigrab7f2wwf7zhiewvy	103	14	importance	importance	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	103	15	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	103	16	new	new	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	103	17	®	®	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	103	18	nancial	nancial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	103	19	instruments	instrument	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	103	20	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	103	21	markets	market	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	103	22	(	(	-LRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	103	23	fu-	fu-	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	103	24	tures	ture	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	103	25	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	103	26	options	option	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	103	27	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	103	28	swaps	swap	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	103	29	)	)	-RRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	103	30	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	103	31	characterize	characterize	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	103	32	their	-PRON-	PRP$
work_3r2nuqzigrab7f2wwf7zhiewvy	103	33	role	role	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	103	34	as	as	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	103	35	facilitators	facilitator	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	103	36	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	103	37	risk	risk	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	103	38	transfer	transfer	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	103	39	as	as	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	103	40	a	a	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	103	41	new	new	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	103	42	role	role	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	103	43	(	(	-LRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	103	44	p.	p.	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	103	45	1462	1462	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	103	46	)	)	-RRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	103	47	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	104	1	As	as	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	104	2	such	such	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	104	3	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	104	4	AS	as	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	104	5	appear	appear	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	104	6	to	to	TO
work_3r2nuqzigrab7f2wwf7zhiewvy	104	7	overlook	overlook	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	104	8	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	104	9	traditional	traditional	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	104	10	role	role	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	104	11	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	104	12	banks	bank	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	104	13	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	104	14	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	104	15	process	process	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	104	16	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	104	17	risk	risk	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	104	18	transfer	transfer	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	104	19	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	104	20	taking	take	VBG
work_3r2nuqzigrab7f2wwf7zhiewvy	104	21	deposits	deposit	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	104	22	from	from	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	104	23	savers	saver	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	104	24	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	104	25	extending	extend	VBG
work_3r2nuqzigrab7f2wwf7zhiewvy	104	26	credit	credit	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	104	27	to	to	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	104	28	borrowers	borrower	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	104	29	with	with	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	104	30	risky	risky	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	104	31	business	business	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	104	32	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	105	1	We	-PRON-	PRP
work_3r2nuqzigrab7f2wwf7zhiewvy	105	2	agree	agree	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	105	3	with	with	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	105	4	AS	AS	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	105	5	that	that	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	105	6	intermediation	intermediation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	105	7	theory	theory	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	105	8	has	have	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	105	9	o	o	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	105	10	�	�	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	105	11	ered	ered	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	105	12	little	little	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	105	13	to	to	TO
work_3r2nuqzigrab7f2wwf7zhiewvy	105	14	explain	explain	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	105	15	why	why	WRB
work_3r2nuqzigrab7f2wwf7zhiewvy	105	16	institutions	institution	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	105	17	should	should	MD
work_3r2nuqzigrab7f2wwf7zhiewvy	105	18	perform	perform	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	105	19	this	this	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	105	20	func-	func-	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	105	21	tion	tion	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	105	22	(	(	-LRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	105	23	pp	pp	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	105	24	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	106	1	1462	1462	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	106	2	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	106	3	1465	1465	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	106	4	)	)	-RRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	106	5	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	106	6	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	106	7	more	more	RBR
work_3r2nuqzigrab7f2wwf7zhiewvy	106	8	so	so	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	106	9	because	because	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	106	10	risk	risk	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	106	11	management	management	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	106	12	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	106	13	contrary	contrary	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	106	14	to	to	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	106	15	what	what	WP
work_3r2nuqzigrab7f2wwf7zhiewvy	106	16	AS	as	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	106	17	say	say	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	106	18	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	106	19	has	have	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	106	20	always	always	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	106	21	been	be	VBN
work_3r2nuqzigrab7f2wwf7zhiewvy	106	22	Ôa	Ôa	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	106	23	key	key	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	106	24	area	area	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	106	25	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	106	26	intermediary	intermediary	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	106	27	activityÕ.	activityÕ.	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	107	1	Informational	informational	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	107	2	asymmetries	asymmetry	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	107	3	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	107	4	transaction	transaction	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	107	5	costs	cost	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	107	6	do	do	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	107	7	not	not	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	107	8	fully	fully	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	107	9	explain	explain	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	107	10	why	why	WRB
work_3r2nuqzigrab7f2wwf7zhiewvy	107	11	savers	saver	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	107	12	deposit	deposit	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	107	13	money	money	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	107	14	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	107	15	banks	bank	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	107	16	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	107	17	do	do	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	107	18	not	not	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	107	19	select	select	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	107	20	investors	investor	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	107	21	themselves	-PRON-	PRP
work_3r2nuqzigrab7f2wwf7zhiewvy	107	22	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	108	1	A	a	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	108	2	second	second	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	108	3	key	key	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	108	4	concept	concept	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	108	5	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	108	6	ASÕs	asõ	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	108	7	theory	theory	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	108	8	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	108	9	®	®	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	108	10	nancial	nancial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	108	11	intermediation	intermediation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	108	12	is	be	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	108	13	Ôpartic-	Ôpartic-	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	108	14	ipation	ipation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	108	15	costÕ.	costõ.	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	109	1	This	this	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	109	2	is	be	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	109	3	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	109	4	cost	cost	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	109	5	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	109	6	participation	participation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	109	7	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	109	8	a	a	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	109	9	®	®	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	109	10	nancial	nancial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	109	11	market	market	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	109	12	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	110	1	AS	as	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	110	2	argue	argue	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	110	3	that	that	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	110	4	participation	participation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	110	5	costs	cost	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	110	6	are	be	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	110	7	crucial	crucial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	110	8	to	to	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	110	9	understanding	understand	VBG
work_3r2nuqzigrab7f2wwf7zhiewvy	110	10	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	110	11	current	current	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	110	12	activities	activity	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	110	13	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	110	14	intermediaries	intermediary	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	110	15	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	110	16	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	110	17	particular	particular	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	110	18	to	to	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	110	19	their	-PRON-	PRP$
work_3r2nuqzigrab7f2wwf7zhiewvy	110	20	focus	focus	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	110	21	on	on	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	110	22	risk	risk	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	110	23	management	management	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	110	24	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	111	1	Trading	trading	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	111	2	costs	cost	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	111	3	have	have	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	111	4	fallen	fall	VBN
work_3r2nuqzigrab7f2wwf7zhiewvy	111	5	dramatically	dramatically	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	111	6	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	111	7	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	111	8	1980s	1980	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	111	9	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	111	10	mid-1990s	mid-1990	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	111	11	which	which	WDT
work_3r2nuqzigrab7f2wwf7zhiewvy	111	12	would	would	MD
work_3r2nuqzigrab7f2wwf7zhiewvy	111	13	have	have	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	111	14	encouraged	encourage	VBN
work_3r2nuqzigrab7f2wwf7zhiewvy	111	15	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	111	16	direct	direct	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	111	17	participation	participation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	111	18	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	111	19	households	household	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	111	20	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	111	21	reduced	reduce	VBD
work_3r2nuqzigrab7f2wwf7zhiewvy	111	22	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	111	23	role	role	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	111	24	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	111	25	mutual	mutual	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	111	26	funds	fund	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	111	27	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	112	1	However	however	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	112	2	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	112	3	AS	AS	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	112	4	argue	argue	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	112	5	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	112	6	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	112	7	value	value	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	112	8	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	112	9	peopleÕs	peopleõs	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	112	10	time	time	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	112	11	has	have	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	112	12	increased	increase	VBN
work_3r2nuqzigrab7f2wwf7zhiewvy	112	13	signi	signi	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	112	14	®	®	NNPS
work_3r2nuqzigrab7f2wwf7zhiewvy	112	15	cantly	cantly	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	112	16	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	112	17	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	112	18	last	last	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	112	19	15	15	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	112	20	years	year	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	112	21	(	(	-LRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	112	22	p.	p.	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	112	23	1482	1482	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	112	24	)	)	-RRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	112	25	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	112	26	which	which	WDT
work_3r2nuqzigrab7f2wwf7zhiewvy	112	27	promoted	promote	VBD
work_3r2nuqzigrab7f2wwf7zhiewvy	112	28	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	112	29	role	role	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	112	30	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	112	31	mutual	mutual	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	112	32	funds	fund	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	112	33	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	112	34	whose	whose	WP$
work_3r2nuqzigrab7f2wwf7zhiewvy	112	35	participation	participation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	112	36	costs	cost	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	112	37	are	be	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	112	38	low	low	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	112	39	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	112	40	thus	thus	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	112	41	are	be	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	112	42	an	an	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	112	43	e	e	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	112	44	�	�	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	112	45	cient	cient	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	112	46	means	mean	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	112	47	to	to	TO
work_3r2nuqzigrab7f2wwf7zhiewvy	112	48	invest	invest	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	112	49	for	for	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	112	50	individuals	individual	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	112	51	whose	whose	WP$
work_3r2nuqzigrab7f2wwf7zhiewvy	112	52	costs	cost	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	112	53	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	112	54	direct	direct	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	112	55	participation	participation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	112	56	have	have	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	112	57	risen	rise	VBN
work_3r2nuqzigrab7f2wwf7zhiewvy	112	58	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	113	1	Further-	Further-	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	113	2	more	more	RBR
work_3r2nuqzigrab7f2wwf7zhiewvy	113	3	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	113	4	there	there	EX
work_3r2nuqzigrab7f2wwf7zhiewvy	113	5	has	have	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	113	6	been	be	VBN
work_3r2nuqzigrab7f2wwf7zhiewvy	113	7	a	a	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	113	8	spreading	spreading	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	113	9	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	113	10	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	113	11	income	income	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	113	12	distribution	distribution	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	113	13	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	113	14	a	a	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	113	15	resulting	result	VBG
work_3r2nuqzigrab7f2wwf7zhiewvy	113	16	increase	increase	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	113	17	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	113	18	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	113	19	value	value	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	113	20	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	113	21	time	time	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	113	22	at	at	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	113	23	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	113	24	high	high	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	113	25	end	end	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	113	26	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	113	27	this	this	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	113	28	distribution	distribution	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	113	29	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	114	1	This	this	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	114	2	argument	argument	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	114	3	is	be	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	114	4	rather	rather	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	114	5	weak	weak	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	114	6	as	as	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	114	7	we	-PRON-	PRP
work_3r2nuqzigrab7f2wwf7zhiewvy	114	8	®	®	NNPS
work_3r2nuqzigrab7f2wwf7zhiewvy	114	9	nd	nd	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	114	10	that	that	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	114	11	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	114	12	growth	growth	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	114	13	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	114	14	wages	wage	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	114	15	was	be	VBD
work_3r2nuqzigrab7f2wwf7zhiewvy	114	16	much	much	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	114	17	higher	high	JJR
work_3r2nuqzigrab7f2wwf7zhiewvy	114	18	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	114	19	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	114	20	1970s	1970	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	114	21	than	than	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	114	22	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	114	23	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	114	24	1980s	1980	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	114	25	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	114	26	1990s	1990	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	114	27	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	115	1	2	2	LS
work_3r2nuqzigrab7f2wwf7zhiewvy	115	2	And	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	115	3	not	not	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	115	4	only	only	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	115	5	has	have	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	115	6	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	115	7	size	size	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	115	8	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	115	9	mutual	mutual	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	115	10	funds	fund	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	115	11	risen	rise	VBN
work_3r2nuqzigrab7f2wwf7zhiewvy	115	12	rapidly	rapidly	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	115	13	(	(	-LRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	115	14	see	see	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	115	15	Fig	Fig	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	115	16	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	116	1	1	1	LS
work_3r2nuqzigrab7f2wwf7zhiewvy	116	2	)	)	-RRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	116	3	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	116	4	but	but	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	116	5	also	also	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	116	6	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	116	7	direct	direct	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	116	8	participation	participation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	116	9	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	116	10	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	116	11	public	public	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	116	12	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	116	13	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	116	14	stock	stock	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	116	15	market	market	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	116	16	has	have	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	116	17	increased	increase	VBN
work_3r2nuqzigrab7f2wwf7zhiewvy	116	18	substantially	substantially	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	116	19	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	117	1	In	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	117	2	all	all	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	117	3	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	117	4	ASÕs	ASÕs	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	117	5	explanation	explanation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	117	6	on	on	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	117	7	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	117	8	basis	basis	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	117	9	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	117	10	lower	low	JJR
work_3r2nuqzigrab7f2wwf7zhiewvy	117	11	participation	participation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	117	12	costs	cost	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	117	13	is	be	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	117	14	not	not	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	117	15	very	very	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	117	16	convincing	convincing	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	117	17	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	118	1	AS	AS	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	118	2	also	also	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	118	3	point	point	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	118	4	to	to	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	118	5	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	118	6	fact	fact	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	118	7	that	that	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	118	8	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	118	9	use	use	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	118	10	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	118	11	derivatives	derivative	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	118	12	by	by	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	118	13	®	®	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	118	14	nancial	nancial	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	118	15	institutions	institution	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	118	16	for	for	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	118	17	risk	risk	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	118	18	management	management	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	118	19	has	have	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	118	20	increased	increase	VBN
work_3r2nuqzigrab7f2wwf7zhiewvy	118	21	enormously	enormously	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	118	22	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	119	1	AS	as	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	119	2	argue	argue	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	119	3	that	that	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	119	4	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	119	5	concept	concept	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	119	6	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	119	7	participation	participation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	119	8	costs	cost	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	119	9	sug-	sug-	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	119	10	gests	gest	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	119	11	that	that	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	119	12	intermediaries	intermediary	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	119	13	create	create	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	119	14	products	product	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	119	15	with	with	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	119	16	a	a	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	119	17	relatively	relatively	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	119	18	stable	stable	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	119	19	distribution	distribution	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	119	20	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	119	21	returns	return	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	119	22	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	120	1	However	however	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	120	2	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	120	3	this	this	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	120	4	also	also	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	120	5	happened	happen	VBD
work_3r2nuqzigrab7f2wwf7zhiewvy	120	6	before	before	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	120	7	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	120	8	widespread	widespread	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	120	9	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	120	10	intense	intense	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	120	11	use	use	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	120	12	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	120	13	2	2	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	120	14	For	for	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	120	15	example	example	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	120	16	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	120	17	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	120	18	average	average	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	120	19	increase	increase	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	120	20	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	120	21	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	120	22	unit	unit	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	120	23	labor	labor	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	120	24	costs	cost	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	120	25	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	120	26	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	120	27	business	business	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	120	28	sector	sector	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	120	29	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	120	30	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	120	31	US	US	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	120	32	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	120	33	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	120	34	1970s	1970	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	120	35	was	be	VBD
work_3r2nuqzigrab7f2wwf7zhiewvy	120	36	7.0	7.0	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	120	37	%	%	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	120	38	per	per	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	120	39	year	year	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	120	40	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	121	1	In	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	121	2	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	121	3	1980s	1980	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	121	4	it	-PRON-	PRP
work_3r2nuqzigrab7f2wwf7zhiewvy	121	5	fell	fall	VBD
work_3r2nuqzigrab7f2wwf7zhiewvy	121	6	to	to	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	121	7	4.0	4.0	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	121	8	%	%	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	121	9	per	per	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	121	10	year	year	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	121	11	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	121	12	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	121	13	for	for	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	121	14	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	121	15	years	year	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	121	16	1991±1997	1991±1997	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	121	17	it	-PRON-	PRP
work_3r2nuqzigrab7f2wwf7zhiewvy	121	18	averaged	average	VBD
work_3r2nuqzigrab7f2wwf7zhiewvy	121	19	2.5	2.5	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	121	20	%	%	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	121	21	per	per	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	121	22	year	year	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	121	23	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	122	1	Furthermore	furthermore	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	122	2	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	122	3	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	122	4	compensation	compensation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	122	5	per	per	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	122	6	employee	employee	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	122	7	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	122	8	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	122	9	business	business	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	122	10	sector	sector	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	122	11	stood	stand	VBD
work_3r2nuqzigrab7f2wwf7zhiewvy	122	12	at	at	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	122	13	7.9	7.9	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	122	14	%	%	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	122	15	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	122	16	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	122	17	1970s	1970	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	122	18	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	123	1	In	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	123	2	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	123	3	1980s	1980	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	123	4	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	123	5	it	-PRON-	PRP
work_3r2nuqzigrab7f2wwf7zhiewvy	123	6	was	be	VBD
work_3r2nuqzigrab7f2wwf7zhiewvy	123	7	5.1	5.1	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	123	8	%	%	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	123	9	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	124	1	For	for	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	124	2	1991±1997	1991±1997	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	124	3	it	-PRON-	PRP
work_3r2nuqzigrab7f2wwf7zhiewvy	124	4	was	be	VBD
work_3r2nuqzigrab7f2wwf7zhiewvy	124	5	3.4	3.4	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	124	6	%	%	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	124	7	per	per	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	124	8	year	year	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	124	9	(	(	-LRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	124	10	OECD	OECD	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	124	11	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	124	12	Economic	Economic	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	124	13	Outlook	Outlook	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	124	14	63	63	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	124	15	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	124	16	1998	1998	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	124	17	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	124	18	236±237	236±237	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	124	19	)	)	-RRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	124	20	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	125	1	1248	1248	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	125	2	B.	B.	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	125	3	Scholtens	Scholtens	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	125	4	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	125	5	D.	D.	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	125	6	van	van	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	125	7	Wensveen	Wensveen	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	125	8	/	/	SYM
work_3r2nuqzigrab7f2wwf7zhiewvy	125	9	Journal	Journal	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	125	10	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	125	11	Banking	Banking	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	125	12	&	&	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	125	13	Finance	Finance	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	125	14	24	24	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	125	15	(	(	-LRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	125	16	2000	2000	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	125	17	)	)	-RRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	125	18	1243±1251	1243±1251	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	125	19	®	®	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	125	20	nancial	nancial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	125	21	derivatives	derivative	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	125	22	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	125	23	as	as	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	125	24	it	-PRON-	PRP
work_3r2nuqzigrab7f2wwf7zhiewvy	125	25	is	be	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	125	26	an	an	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	125	27	important	important	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	125	28	rationale	rationale	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	125	29	for	for	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	125	30	savers	saver	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	125	31	to	to	TO
work_3r2nuqzigrab7f2wwf7zhiewvy	125	32	put	put	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	125	33	their	-PRON-	PRP$
work_3r2nuqzigrab7f2wwf7zhiewvy	125	34	money	money	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	125	35	into	into	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	125	36	a	a	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	125	37	bank	bank	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	125	38	(	(	-LRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	125	39	see	see	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	125	40	Bryant	Bryant	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	125	41	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	125	42	1980	1980	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	125	43	)	)	-RRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	125	44	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	126	1	Therefore	therefore	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	126	2	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	126	3	we	-PRON-	PRP
work_3r2nuqzigrab7f2wwf7zhiewvy	126	4	conclude	conclude	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	126	5	that	that	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	126	6	although	although	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	126	7	participation	participation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	126	8	cost	cost	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	126	9	can	can	MD
work_3r2nuqzigrab7f2wwf7zhiewvy	126	10	be	be	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	126	11	relevant	relevant	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	126	12	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	126	13	understanding	understand	VBG
work_3r2nuqzigrab7f2wwf7zhiewvy	126	14	new	new	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	126	15	roles	role	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	126	16	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	126	17	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	126	18	®	®	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	126	19	nancial	nancial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	126	20	intermediary	intermediary	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	126	21	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	126	22	it	-PRON-	PRP
work_3r2nuqzigrab7f2wwf7zhiewvy	126	23	does	do	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	126	24	not	not	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	126	25	seem	seem	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	126	26	to	to	TO
work_3r2nuqzigrab7f2wwf7zhiewvy	126	27	be	be	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	126	28	able	able	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	126	29	to	to	TO
work_3r2nuqzigrab7f2wwf7zhiewvy	126	30	explain	explain	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	126	31	drastic	drastic	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	126	32	changes	change	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	126	33	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	126	34	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	126	35	®	®	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	126	36	-	-	HYPH
work_3r2nuqzigrab7f2wwf7zhiewvy	126	37	nancial	nancial	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	126	38	industry	industry	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	126	39	such	such	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	126	40	as	as	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	126	41	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	126	42	dramatic	dramatic	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	126	43	rise	rise	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	126	44	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	126	45	mutual	mutual	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	126	46	funds	fund	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	126	47	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	126	48	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	126	49	widespread	widespread	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	126	50	use	use	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	126	51	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	126	52	®	®	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	126	53	nancial	nancial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	126	54	derivatives	derivative	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	126	55	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	127	1	The	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	127	2	key	key	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	127	3	word	word	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	127	4	for	for	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	127	5	their	-PRON-	PRP$
work_3r2nuqzigrab7f2wwf7zhiewvy	127	6	growth	growth	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	127	7	is	be	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	127	8	again	again	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	127	9	ÔriskÕ.	ÔriskÕ.	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	128	1	AS	as	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	128	2	discuss	discuss	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	128	3	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	128	4	current	current	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	128	5	rationales	rationale	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	128	6	for	for	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	128	7	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	128	8	interest	interest	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	128	9	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	128	10	risk	risk	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	128	11	management	management	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	128	12	that	that	WDT
work_3r2nuqzigrab7f2wwf7zhiewvy	128	13	is	be	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	128	14	evident	evident	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	128	15	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	128	16	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	128	17	market	market	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	128	18	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	129	1	They	-PRON-	PRP
work_3r2nuqzigrab7f2wwf7zhiewvy	129	2	can	can	MD
work_3r2nuqzigrab7f2wwf7zhiewvy	129	3	be	be	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	129	4	divided	divide	VBN
work_3r2nuqzigrab7f2wwf7zhiewvy	129	5	into	into	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	129	6	four	four	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	129	7	cases	case	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	129	8	:	:	:
work_3r2nuqzigrab7f2wwf7zhiewvy	129	9	(	(	-LRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	129	10	1	1	LS
work_3r2nuqzigrab7f2wwf7zhiewvy	129	11	)	)	-RRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	129	12	managerial	managerial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	129	13	self-	self-	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	129	14	interest	interest	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	129	15	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	129	16	(	(	-LRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	129	17	2	2	LS
work_3r2nuqzigrab7f2wwf7zhiewvy	129	18	)	)	-RRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	129	19	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	129	20	non	non	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	129	21	-	-	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	129	22	linearity	linearity	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	129	23	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	129	24	taxes	taxis	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	129	25	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	129	26	(	(	-LRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	129	27	3	3	LS
work_3r2nuqzigrab7f2wwf7zhiewvy	129	28	)	)	-RRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	129	29	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	129	30	costs	cost	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	129	31	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	129	32	®	®	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	129	33	nancial	nancial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	129	34	distress	distress	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	129	35	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	129	36	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	129	37	(	(	-LRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	129	38	4	4	LS
work_3r2nuqzigrab7f2wwf7zhiewvy	129	39	)	)	-RRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	129	40	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	129	41	existence	existence	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	129	42	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	129	43	capital	capital	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	129	44	market	market	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	129	45	imperfections	imperfection	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	129	46	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	130	1	The	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	130	2	plausibility	plausibility	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	130	3	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	130	4	these	these	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	130	5	four	four	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	130	6	explanations	explanation	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	130	7	varies	vary	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	130	8	especially	especially	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	130	9	if	if	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	130	10	not	not	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	130	11	only	only	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	130	12	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	130	13	bene	bene	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	130	14	®	®	.
work_3r2nuqzigrab7f2wwf7zhiewvy	130	15	ts	ts	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	130	16	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	130	17	hedging	hedging	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	130	18	but	but	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	130	19	also	also	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	130	20	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	130	21	costs	cost	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	130	22	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	130	23	risk	risk	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	130	24	management	management	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	130	25	are	be	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	130	26	taken	take	VBN
work_3r2nuqzigrab7f2wwf7zhiewvy	130	27	into	into	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	130	28	account	account	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	130	29	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	130	30	as	as	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	130	31	AS	as	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	130	32	rightly	rightly	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	130	33	state	state	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	130	34	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	131	1	It	-PRON-	PRP
work_3r2nuqzigrab7f2wwf7zhiewvy	131	2	should	should	MD
work_3r2nuqzigrab7f2wwf7zhiewvy	131	3	be	be	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	131	4	clear	clear	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	131	5	that	that	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	131	6	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	131	7	bankruptcy	bankruptcy	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	131	8	costs	cost	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	131	9	as	as	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	131	10	discussed	discuss	VBN
work_3r2nuqzigrab7f2wwf7zhiewvy	131	11	by	by	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	131	12	AS	AS	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	131	13	should	should	MD
work_3r2nuqzigrab7f2wwf7zhiewvy	131	14	be	be	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	131	15	viewed	view	VBN
work_3r2nuqzigrab7f2wwf7zhiewvy	131	16	as	as	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	131	17	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	131	18	total	total	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	131	19	economic	economic	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	131	20	costs	cost	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	131	21	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	131	22	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	131	23	®	®	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	131	24	nancial	nancial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	131	25	distress	distress	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	131	26	and/or	and/or	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	131	27	bankruptcy	bankruptcy	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	131	28	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	132	1	We	-PRON-	PRP
work_3r2nuqzigrab7f2wwf7zhiewvy	132	2	think	think	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	132	3	that	that	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	132	4	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	132	5	most	most	RBS
work_3r2nuqzigrab7f2wwf7zhiewvy	132	6	important	important	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	132	7	rationale	rationale	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	132	8	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	132	9	®	®	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	132	10	nancial	nancial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	132	11	risk	risk	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	132	12	management	management	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	132	13	is	be	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	132	14	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	132	15	prevention	prevention	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	132	16	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	132	17	bankruptcy	bankruptcy	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	132	18	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	132	19	a	a	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	132	20	company	company	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	132	21	induced	induce	VBN
work_3r2nuqzigrab7f2wwf7zhiewvy	132	22	by	by	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	132	23	monetary	monetary	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	132	24	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	132	25	®	®	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	132	26	nancial	nancial	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	132	27	factors	factor	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	132	28	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	133	1	Financial	financial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	133	2	risk	risk	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	133	3	management	management	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	133	4	aims	aim	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	133	5	to	to	TO
work_3r2nuqzigrab7f2wwf7zhiewvy	133	6	protect	protect	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	133	7	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	133	8	companyÕs	companyÕs	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	133	9	balance	balance	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	133	10	sheet	sheet	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	133	11	against	against	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	133	12	severe	severe	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	133	13	losses	loss	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	133	14	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	133	15	a	a	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	133	16	monetary	monetary	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	133	17	nature	nature	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	133	18	(	(	-LRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	133	19	e.g.	e.g.	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	134	1	exchange	exchange	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	134	2	rate	rate	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	134	3	shocks	shock	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	134	4	)	)	-RRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	134	5	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	134	6	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	134	7	companyÕs	companyÕs	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	134	8	operational	operational	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	134	9	cash	cash	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	134	10	¯ow	¯ow	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	134	11	against	against	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	134	12	serious	serious	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	134	13	®	®	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	134	14	nancial	nancial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	134	15	uncertainties	uncertainty	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	134	16	(	(	-LRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	134	17	interest	interest	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	134	18	rate	rate	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	134	19	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	134	20	exchange	exchange	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	134	21	rate	rate	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	134	22	¯uctuations	¯uctuation	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	134	23	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	134	24	credit	credit	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	134	25	risk	risk	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	134	26	)	)	-RRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	134	27	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	135	1	4	4	LS
work_3r2nuqzigrab7f2wwf7zhiewvy	135	2	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	136	1	How	how	WRB
work_3r2nuqzigrab7f2wwf7zhiewvy	136	2	further	further	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	136	3	?	?	.
work_3r2nuqzigrab7f2wwf7zhiewvy	137	1	How	how	WRB
work_3r2nuqzigrab7f2wwf7zhiewvy	137	2	must	must	MD
work_3r2nuqzigrab7f2wwf7zhiewvy	137	3	we	-PRON-	PRP
work_3r2nuqzigrab7f2wwf7zhiewvy	137	4	move	move	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	137	5	further	further	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	137	6	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	137	7	constructing	construct	VBG
work_3r2nuqzigrab7f2wwf7zhiewvy	137	8	a	a	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	137	9	theory	theory	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	137	10	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	137	11	®	®	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	137	12	nancial	nancial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	137	13	interme-	interme-	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	137	14	diation	diation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	137	15	that	that	WDT
work_3r2nuqzigrab7f2wwf7zhiewvy	137	16	can	can	MD
work_3r2nuqzigrab7f2wwf7zhiewvy	137	17	understand	understand	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	137	18	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	137	19	explain	explain	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	137	20	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	137	21	day	day	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	137	22	-	-	HYPH
work_3r2nuqzigrab7f2wwf7zhiewvy	137	23	to	to	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	137	24	-	-	HYPH
work_3r2nuqzigrab7f2wwf7zhiewvy	137	25	day	day	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	137	26	operations	operation	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	137	27	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	137	28	®	®	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	137	29	nancial	nancial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	137	30	institutions	institution	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	137	31	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	137	32	markets	market	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	137	33	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	137	34	their	-PRON-	PRP$
work_3r2nuqzigrab7f2wwf7zhiewvy	137	35	role	role	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	137	36	within	within	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	137	37	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	137	38	real	real	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	137	39	economy	economy	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	137	40	?	?	.
work_3r2nuqzigrab7f2wwf7zhiewvy	138	1	It	-PRON-	PRP
work_3r2nuqzigrab7f2wwf7zhiewvy	138	2	will	will	MD
work_3r2nuqzigrab7f2wwf7zhiewvy	138	3	be	be	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	138	4	obvious	obvious	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	138	5	that	that	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	138	6	ÔriskÕ	ÔriskÕ	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	138	7	will	will	MD
work_3r2nuqzigrab7f2wwf7zhiewvy	138	8	need	need	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	138	9	to	to	TO
work_3r2nuqzigrab7f2wwf7zhiewvy	138	10	get	get	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	138	11	a	a	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	138	12	central	central	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	138	13	place	place	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	138	14	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	138	15	that	that	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	138	16	theory	theory	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	138	17	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	139	1	But	but	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	139	2	there	there	EX
work_3r2nuqzigrab7f2wwf7zhiewvy	139	3	is	be	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	139	4	more	more	JJR
work_3r2nuqzigrab7f2wwf7zhiewvy	139	5	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	140	1	In	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	140	2	order	order	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	140	3	to	to	TO
work_3r2nuqzigrab7f2wwf7zhiewvy	140	4	place	place	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	140	5	risk	risk	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	140	6	transfer	transfer	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	140	7	as	as	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	140	8	an	an	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	140	9	entrepreneurial	entrepreneurial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	140	10	activity	activity	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	140	11	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	140	12	its	-PRON-	PRP$
work_3r2nuqzigrab7f2wwf7zhiewvy	140	13	proper	proper	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	140	14	context	context	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	140	15	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	140	16	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	140	17	theory	theory	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	140	18	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	140	19	®	®	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	140	20	nancial	nancial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	140	21	intermediation	intermediation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	140	22	should	should	MD
work_3r2nuqzigrab7f2wwf7zhiewvy	140	23	move	move	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	140	24	beyond	beyond	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	140	25	its	-PRON-	PRP$
work_3r2nuqzigrab7f2wwf7zhiewvy	140	26	present	present	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	140	27	borders	border	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	140	28	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	141	1	It	-PRON-	PRP
work_3r2nuqzigrab7f2wwf7zhiewvy	141	2	should	should	MD
work_3r2nuqzigrab7f2wwf7zhiewvy	141	3	leave	leave	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	141	4	its	-PRON-	PRP$
work_3r2nuqzigrab7f2wwf7zhiewvy	141	5	paradigm	paradigm	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	141	6	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	141	7	static	static	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	141	8	perfect	perfect	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	141	9	markets	market	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	141	10	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	141	11	assume	assume	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	141	12	a	a	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	141	13	more	more	RBR
work_3r2nuqzigrab7f2wwf7zhiewvy	141	14	dynamic	dynamic	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	141	15	concept	concept	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	141	16	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	141	17	which	which	WDT
work_3r2nuqzigrab7f2wwf7zhiewvy	141	18	new	new	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	141	19	markets	market	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	141	20	are	be	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	141	21	developed	develop	VBN
work_3r2nuqzigrab7f2wwf7zhiewvy	141	22	for	for	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	141	23	new	new	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	141	24	products	product	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	141	25	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	141	26	where	where	WRB
work_3r2nuqzigrab7f2wwf7zhiewvy	141	27	®	®	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	141	28	nancial	nancial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	141	29	institutions	institution	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	141	30	do	do	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	141	31	not	not	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	141	32	act	act	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	141	33	as	as	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	141	34	ÔagentsÕ	ÔagentsÕ	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	141	35	who	who	WP
work_3r2nuqzigrab7f2wwf7zhiewvy	141	36	intermediate	intermediate	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	141	37	between	between	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	141	38	savers	saver	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	141	39	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	141	40	investors	investor	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	141	41	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	141	42	thus	thus	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	141	43	alleviate	alleviate	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	141	44	Ômarket	Ômarket	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	141	45	imperfectionsÕ	imperfectionsÕ	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	141	46	like	like	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	141	47	asymmetric	asymmetric	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	141	48	information	information	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	141	49	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	141	50	participation	participation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	141	51	costs	cost	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	141	52	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	141	53	but	but	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	141	54	are	be	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	141	55	independent	independent	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	141	56	market	market	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	141	57	parties	party	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	141	58	that	that	WDT
work_3r2nuqzigrab7f2wwf7zhiewvy	141	59	create	create	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	141	60	®	®	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	141	61	nancial	nancial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	141	62	products	product	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	141	63	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	141	64	whose	whose	WP$
work_3r2nuqzigrab7f2wwf7zhiewvy	141	65	value	value	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	141	66	added	add	VBN
work_3r2nuqzigrab7f2wwf7zhiewvy	141	67	to	to	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	141	68	their	-PRON-	PRP$
work_3r2nuqzigrab7f2wwf7zhiewvy	141	69	clients	client	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	141	70	is	be	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	141	71	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	141	72	trans-	trans-	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	141	73	formation	formation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	141	74	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	141	75	®	®	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	141	76	nancial	nancial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	141	77	risk	risk	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	141	78	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	141	79	term	term	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	141	80	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	141	81	scale	scale	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	141	82	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	141	83	location	location	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	141	84	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	141	85	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	141	86	liquidity	liquidity	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	141	87	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	142	1	Table	table	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	142	2	1	1	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	142	3	gives	give	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	142	4	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	142	5	key	key	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	142	6	words	word	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	142	7	an	an	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	142	8	overview	overview	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	142	9	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	142	10	how	how	WRB
work_3r2nuqzigrab7f2wwf7zhiewvy	142	11	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	142	12	stylized	stylize	VBN
work_3r2nuqzigrab7f2wwf7zhiewvy	142	13	present	present	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	142	14	theory	theory	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	142	15	might	may	MD
work_3r2nuqzigrab7f2wwf7zhiewvy	142	16	be	be	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	142	17	amended	amend	VBN
work_3r2nuqzigrab7f2wwf7zhiewvy	142	18	to	to	TO
work_3r2nuqzigrab7f2wwf7zhiewvy	142	19	come	come	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	142	20	nearer	nearer	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	142	21	to	to	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	142	22	this	this	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	142	23	goal	goal	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	142	24	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	143	1	Stylized	stylize	VBN
work_3r2nuqzigrab7f2wwf7zhiewvy	143	2	present	present	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	143	3	theory	theory	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	143	4	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	143	5	as	as	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	143	6	already	already	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	143	7	clearly	clearly	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	143	8	summarized	summarize	VBN
work_3r2nuqzigrab7f2wwf7zhiewvy	143	9	by	by	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	143	10	AS	AS	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	143	11	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	143	12	has	have	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	143	13	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	143	14	perfect	perfect	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	143	15	market	market	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	143	16	as	as	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	143	17	its	-PRON-	PRP$
work_3r2nuqzigrab7f2wwf7zhiewvy	143	18	benchmark	benchmark	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	143	19	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	144	1	Financial	financial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	144	2	intermediaries	intermediary	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	144	3	emerge	emerge	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	144	4	to	to	TO
work_3r2nuqzigrab7f2wwf7zhiewvy	144	5	make	make	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	144	6	do	do	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	144	7	with	with	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	144	8	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	144	9	market	market	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	144	10	imperfections	imperfection	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	144	11	that	that	WDT
work_3r2nuqzigrab7f2wwf7zhiewvy	144	12	mainly	mainly	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	144	13	stem	stem	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	144	14	from	from	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	144	15	informational	informational	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	144	16	asymmetries	asymmetry	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	144	17	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	145	1	They	-PRON-	PRP
work_3r2nuqzigrab7f2wwf7zhiewvy	145	2	may	may	MD
work_3r2nuqzigrab7f2wwf7zhiewvy	145	3	reduce	reduce	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	145	4	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	145	5	information	information	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	145	6	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	145	7	transaction	transaction	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	145	8	costs	cost	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	145	9	within	within	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	145	10	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	145	11	economy	economy	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	145	12	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	145	13	but	but	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	145	14	B.	B.	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	145	15	Scholtens	Scholtens	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	145	16	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	145	17	D.	D.	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	145	18	van	van	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	145	19	Wensveen	Wensveen	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	145	20	/	/	SYM
work_3r2nuqzigrab7f2wwf7zhiewvy	145	21	Journal	Journal	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	145	22	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	145	23	Banking	Banking	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	145	24	&	&	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	145	25	Finance	Finance	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	145	26	24	24	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	145	27	(	(	-LRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	145	28	2000	2000	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	145	29	)	)	-RRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	145	30	1243±1251	1243±1251	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	145	31	1249	1249	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	145	32	they	-PRON-	PRP
work_3r2nuqzigrab7f2wwf7zhiewvy	145	33	still	still	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	145	34	have	have	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	145	35	to	to	TO
work_3r2nuqzigrab7f2wwf7zhiewvy	145	36	make	make	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	145	37	do	do	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	145	38	with	with	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	145	39	agency	agency	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	145	40	problems	problem	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	145	41	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	145	42	with	with	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	145	43	moral	moral	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	145	44	hazard	hazard	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	145	45	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	145	46	adverse	adverse	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	145	47	selection	selection	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	145	48	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	146	1	In	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	146	2	all	all	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	146	3	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	146	4	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	146	5	®	®	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	146	6	nancial	nancial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	146	7	intermediary	intermediary	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	146	8	is	be	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	146	9	a	a	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	146	10	more	more	RBR
work_3r2nuqzigrab7f2wwf7zhiewvy	146	11	or	or	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	146	12	less	less	RBR
work_3r2nuqzigrab7f2wwf7zhiewvy	146	13	passive	passive	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	146	14	agent	agent	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	146	15	who	who	WP
work_3r2nuqzigrab7f2wwf7zhiewvy	146	16	intermediates	intermediate	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	146	17	between	between	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	146	18	ultimate	ultimate	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	146	19	savers	saver	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	146	20	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	146	21	investors	investor	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	146	22	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	147	1	The	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	147	2	process	process	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	147	3	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	147	4	disintermediation	disintermediation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	147	5	threatens	threaten	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	147	6	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	147	7	agent	agent	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	147	8	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	147	9	as	as	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	147	10	public	public	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	147	11	®	®	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	147	12	nancial	nancial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	147	13	markets	market	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	147	14	promote	promote	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	147	15	a	a	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	147	16	more	more	JJR
work_3r2nuqzigrab7f2wwf7zhiewvy	147	17	e	e	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	147	18	�	�	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	147	19	cient	cient	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	147	20	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	147	21	transparent	transparent	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	147	22	handling	handling	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	147	23	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	147	24	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	147	25	allocation	allocation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	147	26	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	147	27	scarce	scarce	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	147	28	resources	resource	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	147	29	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	147	30	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	147	31	economy	economy	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	147	32	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	147	33	thanks	thank	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	147	34	to	to	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	147	35	deregulation	deregulation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	147	36	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	147	37	information	information	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	147	38	technology	technology	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	147	39	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	148	1	In	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	148	2	line	line	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	148	3	with	with	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	148	4	AS	AS	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	148	5	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	148	6	we	-PRON-	PRP
work_3r2nuqzigrab7f2wwf7zhiewvy	148	7	think	think	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	148	8	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	148	9	traditional	traditional	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	148	10	approach	approach	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	148	11	should	should	MD
work_3r2nuqzigrab7f2wwf7zhiewvy	148	12	be	be	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	148	13	amended	amend	VBN
work_3r2nuqzigrab7f2wwf7zhiewvy	148	14	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	149	1	The	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	149	2	right	right	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	149	3	-	-	HYPH
work_3r2nuqzigrab7f2wwf7zhiewvy	149	4	hand	hand	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	149	5	column	column	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	149	6	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	149	7	Table	table	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	149	8	1	1	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	149	9	shows	show	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	149	10	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	149	11	main	main	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	149	12	elements	element	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	149	13	that	that	WDT
work_3r2nuqzigrab7f2wwf7zhiewvy	149	14	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	149	15	theory	theory	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	149	16	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	149	17	®	®	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	149	18	-	-	HYPH
work_3r2nuqzigrab7f2wwf7zhiewvy	149	19	nancial	nancial	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	149	20	intermediation	intermediation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	149	21	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	149	22	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	149	23	our	-PRON-	PRP$
work_3r2nuqzigrab7f2wwf7zhiewvy	149	24	opinion	opinion	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	149	25	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	149	26	should	should	MD
work_3r2nuqzigrab7f2wwf7zhiewvy	149	27	include	include	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	149	28	to	to	TO
work_3r2nuqzigrab7f2wwf7zhiewvy	149	29	explain	explain	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	149	30	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	149	31	present-	present-	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	149	32	day	day	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	149	33	®	®	,
work_3r2nuqzigrab7f2wwf7zhiewvy	149	34	nancial	nancial	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	149	35	industry	industry	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	149	36	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	150	1	Instead	instead	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	150	2	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	150	3	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	150	4	static	static	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	150	5	case	case	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	150	6	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	150	7	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	150	8	perfect	perfect	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	150	9	market	market	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	150	10	that	that	WDT
work_3r2nuqzigrab7f2wwf7zhiewvy	150	11	is	be	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	150	12	hampered	hamper	VBN
work_3r2nuqzigrab7f2wwf7zhiewvy	150	13	by	by	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	150	14	incidental	incidental	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	150	15	imperfections	imperfection	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	150	16	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	150	17	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	150	18	theory	theory	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	150	19	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	150	20	®	®	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	150	21	nancial	nancial	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	150	22	intermediation	intermediation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	150	23	needs	need	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	150	24	to	to	TO
work_3r2nuqzigrab7f2wwf7zhiewvy	150	25	have	have	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	150	26	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	150	27	dynamic	dynamic	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	150	28	process	process	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	150	29	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	150	30	®	®	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	150	31	nancial	nancial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	150	32	innovation	innovation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	150	33	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	150	34	market	market	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	150	35	di	di	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	150	36	�	�	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	150	37	er-	er-	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	150	38	entiation	entiation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	150	39	at	at	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	150	40	its	-PRON-	PRP$
work_3r2nuqzigrab7f2wwf7zhiewvy	150	41	basis	basis	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	150	42	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	151	1	We	-PRON-	PRP
work_3r2nuqzigrab7f2wwf7zhiewvy	151	2	need	need	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	151	3	to	to	TO
work_3r2nuqzigrab7f2wwf7zhiewvy	151	4	explain	explain	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	151	5	changes	change	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	151	6	instead	instead	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	151	7	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	151	8	describing	describe	VBG
work_3r2nuqzigrab7f2wwf7zhiewvy	151	9	com-	com-	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	151	10	parative	parative	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	151	11	statics	static	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	151	12	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	152	1	Furthermore	furthermore	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	152	2	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	152	3	as	as	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	152	4	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	152	5	our	-PRON-	PRP$
work_3r2nuqzigrab7f2wwf7zhiewvy	152	6	vision	vision	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	152	7	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	152	8	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	152	9	®	®	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	152	10	nancial	nancial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	152	11	intermediary	intermediary	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	152	12	provides	provide	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	152	13	consumer	consumer	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	152	14	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	152	15	business	business	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	152	16	households	household	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	152	17	with	with	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	152	18	a	a	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	152	19	variety	variety	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	152	20	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	152	21	services	service	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	152	22	that	that	WDT
work_3r2nuqzigrab7f2wwf7zhiewvy	152	23	ful	ful	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	152	24	®	®	NNPS
work_3r2nuqzigrab7f2wwf7zhiewvy	152	25	ll	ll	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	152	26	their	-PRON-	PRP$
work_3r2nuqzigrab7f2wwf7zhiewvy	152	27	di	di	FW
work_3r2nuqzigrab7f2wwf7zhiewvy	152	28	�	�	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	152	29	erent	erent	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	152	30	needs	need	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	152	31	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	152	32	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	152	33	®	®	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	152	34	nancial	nancial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	152	35	intermediary	intermediary	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	152	36	is	be	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	152	37	involved	involve	VBN
work_3r2nuqzigrab7f2wwf7zhiewvy	152	38	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	152	39	a	a	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	152	40	complex	complex	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	152	41	process	process	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	152	42	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	152	43	®	®	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	152	44	nancial	nancial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	152	45	transformation	transformation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	152	46	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	153	1	In	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	153	2	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	153	3	course	course	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	153	4	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	153	5	qualitative	qualitative	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	153	6	asset	asset	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	153	7	trans-	trans-	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	153	8	formation	formation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	153	9	±	±	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	153	10	with	with	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	153	11	respect	respect	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	153	12	to	to	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	153	13	maturity	maturity	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	153	14	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	153	15	liquidity	liquidity	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	153	16	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	153	17	risk	risk	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	153	18	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	153	19	scale	scale	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	153	20	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	153	21	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	153	22	location	location	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	153	23	±	±	WRB
work_3r2nuqzigrab7f2wwf7zhiewvy	153	24	it	-PRON-	PRP
work_3r2nuqzigrab7f2wwf7zhiewvy	153	25	adds	add	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	153	26	value	value	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	153	27	for	for	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	153	28	ultimate	ultimate	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	153	29	savers	saver	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	153	30	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	153	31	investors	investor	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	153	32	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	154	1	This	this	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	154	2	active	active	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	154	3	role	role	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	154	4	contrasts	contrast	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	154	5	sharply	sharply	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	154	6	with	with	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	154	7	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	154	8	passive	passive	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	154	9	intermediating	intermediating	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	154	10	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	154	11	savings	saving	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	154	12	to	to	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	154	13	investments	investment	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	154	14	within	within	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	154	15	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	154	16	economy	economy	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	154	17	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	154	18	a	a	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	154	19	thought	thought	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	154	20	that	that	WDT
work_3r2nuqzigrab7f2wwf7zhiewvy	154	21	prevails	prevail	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	154	22	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	154	23	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	154	24	traditional	traditional	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	154	25	theory	theory	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	154	26	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	154	27	®	®	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	154	28	nancial	nancial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	154	29	intermediation	intermediation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	154	30	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	155	1	Value	value	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	155	2	-	-	HYPH
work_3r2nuqzigrab7f2wwf7zhiewvy	155	3	addition	addition	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	155	4	appears	appear	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	155	5	to	to	TO
work_3r2nuqzigrab7f2wwf7zhiewvy	155	6	be	be	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	155	7	a	a	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	155	8	major	major	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	155	9	drive	drive	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	155	10	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	155	11	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	155	12	modern	modern	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	155	13	®	®	NNPS
work_3r2nuqzigrab7f2wwf7zhiewvy	155	14	nancial	nancial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	155	15	interme-	interme-	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	155	16	diary	diary	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	155	17	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	156	1	Therefore	therefore	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	156	2	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	156	3	value	value	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	156	4	-	-	HYPH
work_3r2nuqzigrab7f2wwf7zhiewvy	156	5	addition	addition	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	156	6	should	should	MD
work_3r2nuqzigrab7f2wwf7zhiewvy	156	7	be	be	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	156	8	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	156	9	focus	focus	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	156	10	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	156	11	intermediation	intermediation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	156	12	theory	theory	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	156	13	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	157	1	This	this	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	157	2	may	may	MD
work_3r2nuqzigrab7f2wwf7zhiewvy	157	3	be	be	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	157	4	accomplished	accomplish	VBN
work_3r2nuqzigrab7f2wwf7zhiewvy	157	5	through	through	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	157	6	participation	participation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	157	7	cost	cost	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	157	8	reduction	reduction	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	157	9	as	as	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	157	10	AS	as	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	157	11	suggest	suggest	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	157	12	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	157	13	and/or	and/or	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	157	14	through	through	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	157	15	an	an	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	157	16	expansion	expansion	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	157	17	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	157	18	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	157	19	set	set	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	157	20	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	157	21	services	service	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	157	22	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	157	23	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	157	24	®	®	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	157	25	nancial	nancial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	157	26	sector	sector	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	157	27	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	158	1	This	this	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	158	2	means	mean	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	158	3	that	that	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	158	4	though	though	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	158	5	asymmetric	asymmetric	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	158	6	information	information	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	158	7	is	be	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	158	8	relevant	relevant	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	158	9	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	158	10	understanding	understand	VBG
work_3r2nuqzigrab7f2wwf7zhiewvy	158	11	certain	certain	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	158	12	policies	policy	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	158	13	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	158	14	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	158	15	®	®	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	158	16	nancial	nancial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	158	17	intermediary	intermediary	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	158	18	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	158	19	customer	customer	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	158	20	orientation	orientation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	158	21	is	be	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	158	22	his	-PRON-	PRP$
work_3r2nuqzigrab7f2wwf7zhiewvy	158	23	general	general	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	158	24	de-	de-	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	158	25	vice	vice	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	158	26	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	159	1	His	-PRON-	PRP$
work_3r2nuqzigrab7f2wwf7zhiewvy	159	2	business	business	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	159	3	is	be	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	159	4	selling	sell	VBG
work_3r2nuqzigrab7f2wwf7zhiewvy	159	5	®	®	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	159	6	nancial	nancial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	159	7	services	service	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	159	8	to	to	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	159	9	customers	customer	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	159	10	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	159	11	making	make	VBG
work_3r2nuqzigrab7f2wwf7zhiewvy	159	12	a	a	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	159	13	pro	pro	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	159	14	®	®	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	159	15	t	t	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	159	16	Table	table	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	159	17	1	1	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	159	18	Stylized	stylized	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	159	19	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	159	20	amended	amend	VBN
work_3r2nuqzigrab7f2wwf7zhiewvy	159	21	theory	theory	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	159	22	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	159	23	®	®	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	159	24	nancial	nancial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	159	25	intermediation	intermediation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	159	26	Stylized	stylize	VBN
work_3r2nuqzigrab7f2wwf7zhiewvy	159	27	(	(	-LRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	159	28	present	present	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	159	29	)	)	-RRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	159	30	theory	theory	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	159	31	Amended	amend	VBN
work_3r2nuqzigrab7f2wwf7zhiewvy	159	32	theory	theory	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	159	33	Static	Static	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	159	34	:	:	:
work_3r2nuqzigrab7f2wwf7zhiewvy	159	35	perfect	perfect	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	159	36	market	market	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	159	37	Dynamic	dynamic	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	159	38	:	:	:
work_3r2nuqzigrab7f2wwf7zhiewvy	159	39	market	market	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	159	40	di	di	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	159	41	�	�	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	159	42	erentiation	erentiation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	159	43	Market	Market	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	159	44	imperfections	imperfection	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	159	45	Product	product	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	159	46	innovation	innovation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	159	47	Financial	financial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	159	48	intermediary	intermediary	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	159	49	is	be	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	159	50	an	an	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	159	51	agent	agent	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	159	52	between	between	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	159	53	savers	saver	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	159	54	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	159	55	investors	investor	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	159	56	Financial	financial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	159	57	intermediary	intermediary	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	159	58	is	be	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	159	59	an	an	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	159	60	entrepreneurial	entrepreneurial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	159	61	provider	provider	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	159	62	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	159	63	®	®	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	159	64	nancial	nancial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	159	65	services	service	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	159	66	E	E	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	159	67	�	�	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	159	68	cient	cient	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	159	69	allocation	allocation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	159	70	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	159	71	savings	saving	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	159	72	Financial	financial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	159	73	transformation	transformation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	159	74	Costs	cost	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	159	75	Value	Value	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	159	76	Asymmetric	Asymmetric	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	159	77	information	information	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	159	78	Customer	customer	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	159	79	orientation	orientation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	159	80	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	159	81	both	both	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	159	82	to	to	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	159	83	borrowers	borrower	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	159	84	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	159	85	savers	saver	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	159	86	Adverse	adverse	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	159	87	selection	selection	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	159	88	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	159	89	moral	moral	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	159	90	hazard	hazard	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	159	91	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	159	92	credit	credit	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	159	93	rationing	ration	VBG
work_3r2nuqzigrab7f2wwf7zhiewvy	159	94	Risk	risk	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	159	95	/	/	SYM
work_3r2nuqzigrab7f2wwf7zhiewvy	159	96	reward	reward	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	159	97	optimization	optimization	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	159	98	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	159	99	risk	risk	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	159	100	management	management	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	159	101	Disintermediation	Disintermediation	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	159	102	Dynamics	Dynamics	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	159	103	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	159	104	intermediation	intermediation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	159	105	(	(	-LRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	159	106	new	new	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	159	107	markets	market	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	159	108	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	159	109	new	new	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	159	110	products	product	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	159	111	)	)	-RRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	159	112	1250	1250	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	159	113	B.	B.	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	159	114	Scholtens	Scholtens	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	159	115	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	159	116	D.	D.	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	159	117	van	van	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	159	118	Wensveen	Wensveen	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	159	119	/	/	SYM
work_3r2nuqzigrab7f2wwf7zhiewvy	159	120	Journal	Journal	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	159	121	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	159	122	Banking	Banking	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	159	123	&	&	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	159	124	Finance	Finance	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	159	125	24	24	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	159	126	(	(	-LRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	159	127	2000	2000	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	159	128	)	)	-RRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	159	129	1243±1251	1243±1251	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	159	130	on	on	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	159	131	it	-PRON-	PRP
work_3r2nuqzigrab7f2wwf7zhiewvy	159	132	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	160	1	Reducing	reduce	VBG
work_3r2nuqzigrab7f2wwf7zhiewvy	160	2	costs	cost	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	160	3	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	160	4	informational	informational	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	160	5	asymmetries	asymmetry	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	160	6	may	may	MD
work_3r2nuqzigrab7f2wwf7zhiewvy	160	7	be	be	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	160	8	part	part	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	160	9	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	160	10	this	this	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	160	11	process	process	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	160	12	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	160	13	but	but	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	160	14	it	-PRON-	PRP
work_3r2nuqzigrab7f2wwf7zhiewvy	160	15	occurs	occur	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	160	16	as	as	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	160	17	a	a	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	160	18	by	by	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	160	19	-	-	HYPH
work_3r2nuqzigrab7f2wwf7zhiewvy	160	20	e	e	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	160	21	�	�	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	160	22	ect	ect	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	160	23	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	161	1	We	-PRON-	PRP
work_3r2nuqzigrab7f2wwf7zhiewvy	161	2	suggest	suggest	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	161	3	that	that	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	161	4	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	161	5	analysis	analysis	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	161	6	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	161	7	policies	policy	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	161	8	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	161	9	optimization	optimization	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	161	10	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	161	11	risks	risk	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	161	12	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	161	13	rewards	reward	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	161	14	by	by	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	161	15	®	®	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	161	16	nancial	nancial	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	161	17	intermediaries	intermediary	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	161	18	helps	help	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	161	19	to	to	TO
work_3r2nuqzigrab7f2wwf7zhiewvy	161	20	better	well	RBR
work_3r2nuqzigrab7f2wwf7zhiewvy	161	21	understand	understand	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	161	22	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	161	23	essence	essence	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	161	24	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	161	25	its	-PRON-	PRP$
work_3r2nuqzigrab7f2wwf7zhiewvy	161	26	business	business	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	161	27	than	than	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	161	28	does	do	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	161	29	paying	pay	VBG
work_3r2nuqzigrab7f2wwf7zhiewvy	161	30	attention	attention	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	161	31	to	to	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	161	32	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	161	33	po-	po-	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	161	34	tential	tential	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	161	35	e	e	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	161	36	�	�	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	161	37	ects	ect	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	161	38	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	161	39	asymmetric	asymmetric	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	161	40	information	information	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	161	41	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	161	42	i.e.	i.e.	FW
work_3r2nuqzigrab7f2wwf7zhiewvy	162	1	adverse	adverse	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	162	2	selection	selection	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	162	3	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	162	4	moral	moral	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	162	5	hazard	hazard	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	162	6	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	162	7	credit	credit	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	162	8	rationing	rationing	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	162	9	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	163	1	As	as	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	163	2	an	an	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	163	3	illustration	illustration	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	163	4	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	163	5	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	163	6	modern	modern	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	163	7	®	®	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	163	8	nancial	nancial	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	163	9	intermediation	intermediation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	163	10	theory	theory	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	163	11	would	would	MD
work_3r2nuqzigrab7f2wwf7zhiewvy	163	12	see	see	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	163	13	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	163	14	rise	rise	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	163	15	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	163	16	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	163	17	mutual	mutual	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	163	18	fund	fund	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	163	19	industry	industry	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	163	20	not	not	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	163	21	as	as	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	163	22	disintermediation	disintermediation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	163	23	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	163	24	but	but	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	163	25	as	as	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	163	26	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	163	27	involvement	involvement	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	163	28	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	163	29	a	a	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	163	30	new	new	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	163	31	type	type	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	163	32	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	163	33	®	®	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	163	34	nancial	nancial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	163	35	intermediary	intermediary	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	163	36	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	163	37	providing	provide	VBG
work_3r2nuqzigrab7f2wwf7zhiewvy	163	38	®	®	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	163	39	nancial	nancial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	163	40	transformation	transformation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	163	41	services	service	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	163	42	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	164	1	Of	of	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	164	2	course	course	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	164	3	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	164	4	we	-PRON-	PRP
work_3r2nuqzigrab7f2wwf7zhiewvy	164	5	can	can	MD
work_3r2nuqzigrab7f2wwf7zhiewvy	164	6	not	not	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	164	7	present	present	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	164	8	here	here	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	164	9	a	a	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	164	10	complete	complete	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	164	11	modern	modern	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	164	12	theory	theory	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	164	13	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	164	14	®	®	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	164	15	nancial	nancial	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	164	16	intermediation	intermediation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	164	17	yet	yet	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	164	18	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	165	1	The	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	165	2	aim	aim	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	165	3	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	165	4	our	-PRON-	PRP$
work_3r2nuqzigrab7f2wwf7zhiewvy	165	5	critique	critique	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	165	6	was	be	VBD
work_3r2nuqzigrab7f2wwf7zhiewvy	165	7	only	only	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	165	8	to	to	TO
work_3r2nuqzigrab7f2wwf7zhiewvy	165	9	illuminate	illuminate	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	165	10	some	some	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	165	11	issues	issue	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	165	12	not	not	RB
work_3r2nuqzigrab7f2wwf7zhiewvy	165	13	dealt	deal	VBN
work_3r2nuqzigrab7f2wwf7zhiewvy	165	14	with	with	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	165	15	by	by	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	165	16	AS	AS	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	165	17	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	165	18	some	some	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	165	19	suggestions	suggestion	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	165	20	on	on	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	165	21	how	how	WRB
work_3r2nuqzigrab7f2wwf7zhiewvy	165	22	to	to	TO
work_3r2nuqzigrab7f2wwf7zhiewvy	165	23	proceed	proceed	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	165	24	further	far	RBR
work_3r2nuqzigrab7f2wwf7zhiewvy	165	25	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	166	1	We	-PRON-	PRP
work_3r2nuqzigrab7f2wwf7zhiewvy	166	2	hope	hope	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	166	3	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	166	4	discussion	discussion	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	166	5	started	start	VBD
work_3r2nuqzigrab7f2wwf7zhiewvy	166	6	by	by	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	166	7	AS	AS	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	166	8	will	will	MD
work_3r2nuqzigrab7f2wwf7zhiewvy	166	9	result	result	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	166	10	in	in	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	166	11	a	a	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	166	12	better	well	JJR
work_3r2nuqzigrab7f2wwf7zhiewvy	166	13	understanding	understanding	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	166	14	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	166	15	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	166	16	®	®	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	166	17	nancial	nancial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	166	18	world	world	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	166	19	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	167	1	Acknowledgements	acknowledgement	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	167	2	The	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	167	3	authors	author	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	167	4	wish	wish	VBP
work_3r2nuqzigrab7f2wwf7zhiewvy	167	5	to	to	TO
work_3r2nuqzigrab7f2wwf7zhiewvy	167	6	thank	thank	VB
work_3r2nuqzigrab7f2wwf7zhiewvy	167	7	one	one	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	167	8	anonymous	anonymous	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	167	9	referee	referee	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	167	10	for	for	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	167	11	helpful	helpful	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	167	12	comments	comment	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	167	13	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	167	14	suggestions	suggestion	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	167	15	on	on	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	167	16	a	a	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	167	17	previous	previous	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	167	18	version	version	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	167	19	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	167	20	this	this	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	167	21	paper	paper	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	167	22	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	168	1	References	References	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	168	2	Allen	Allen	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	168	3	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	168	4	F.	F.	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	168	5	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	168	6	Santomero	Santomero	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	168	7	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	168	8	A.M.	A.M.	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	168	9	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	168	10	1997	1997	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	168	11	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	169	1	The	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	169	2	theory	theory	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	169	3	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	169	4	®	®	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	169	5	nancial	nancial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	169	6	intermediation	intermediation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	169	7	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	170	1	Journal	Journal	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	170	2	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	170	3	Banking	Banking	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	170	4	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	170	5	Finance	Finance	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	170	6	21	21	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	170	7	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	170	8	1461±1485	1461±1485	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	170	9	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	171	1	Barth	Barth	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	171	2	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	171	3	J.R.	J.R.	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	171	4	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	171	5	Nolle	Nolle	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	171	6	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	171	7	D.E.	D.E.	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	171	8	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	171	9	Rice	Rice	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	171	10	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	171	11	T.N.	T.N.	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	171	12	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	171	13	1997	1997	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	171	14	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	172	1	Commercial	commercial	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	172	2	banking	banking	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	172	3	structure	structure	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	172	4	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	172	5	regulation	regulation	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	172	6	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	172	7	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	172	8	performance	performance	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	172	9	:	:	:
work_3r2nuqzigrab7f2wwf7zhiewvy	172	10	An	an	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	172	11	international	international	JJ
work_3r2nuqzigrab7f2wwf7zhiewvy	172	12	comparison	comparison	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	172	13	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	173	1	Working	Working	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	173	2	Paper	Paper	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	173	3	97	97	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	173	4	-	-	SYM
work_3r2nuqzigrab7f2wwf7zhiewvy	173	5	6	6	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	173	6	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	173	7	March	March	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	173	8	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	173	9	Comptroller	Comptroller	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	173	10	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	173	11	the	the	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	173	12	Currency	Currency	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	173	13	Economic	Economic	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	173	14	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	173	15	Washington	Washington	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	173	16	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	173	17	DC	DC	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	173	18	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	174	1	Bryant	Bryant	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	174	2	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	174	3	J.	J.	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	174	4	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	174	5	1980	1980	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	174	6	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	175	1	A	a	DT
work_3r2nuqzigrab7f2wwf7zhiewvy	175	2	model	model	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	175	3	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	175	4	reserves	reserve	NNS
work_3r2nuqzigrab7f2wwf7zhiewvy	175	5	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	175	6	bank	bank	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	175	7	runs	run	VBZ
work_3r2nuqzigrab7f2wwf7zhiewvy	175	8	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	175	9	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	175	10	deposit	deposit	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	175	11	insurance	insurance	NN
work_3r2nuqzigrab7f2wwf7zhiewvy	175	12	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	176	1	Journal	Journal	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	176	2	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	176	3	Banking	Banking	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	176	4	and	and	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	176	5	Finance	Finance	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	176	6	4	4	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	176	7	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	176	8	335±344	335±344	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	176	9	.	.	.
work_3r2nuqzigrab7f2wwf7zhiewvy	177	1	B.	B.	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	177	2	Scholtens	Scholtens	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	177	3	,	,	,
work_3r2nuqzigrab7f2wwf7zhiewvy	177	4	D.	D.	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	177	5	van	van	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	177	6	Wensveen	Wensveen	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	177	7	/	/	SYM
work_3r2nuqzigrab7f2wwf7zhiewvy	177	8	Journal	Journal	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	177	9	of	of	IN
work_3r2nuqzigrab7f2wwf7zhiewvy	177	10	Banking	Banking	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	177	11	&	&	CC
work_3r2nuqzigrab7f2wwf7zhiewvy	177	12	Finance	Finance	NNP
work_3r2nuqzigrab7f2wwf7zhiewvy	177	13	24	24	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	177	14	(	(	-LRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	177	15	2000	2000	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	177	16	)	)	-RRB-
work_3r2nuqzigrab7f2wwf7zhiewvy	177	17	1243±1251	1243±1251	CD
work_3r2nuqzigrab7f2wwf7zhiewvy	177	18	1251	1251	CD