Emerging markets lack many of the specialized intermediaries that make financial markets work.The lack of such intermediaries is referred to as:

Question

Quizplus · Accepted Answer

The lack of specialized intermediaries in emerging markets is referred to as "institutional void." This term describes the absence of institutions that facilitate the efficient operation of markets, such as those involved in the intermediation process between buyers and sellers, or between savers and borrowers.

Emerging Markets Lack Many of the Specialized Intermediaries That Make