ÿRSFTSTYL/´¨0J Financial IntermedBusinessà ~This style is for the Journal of Financial Intermediation published by Elsevier. Author Guidelines: http://www.elsevier.com/wps/find/journaldescription.cws_home/622875/authorinstructionsûû!X"(#$%&"(#:$%&NJournal of Financial IntermediationûûElsevier  !Xpqrsƒt¨xPyz{  , !|  , !xPyzd{  , !|  , !uX}~, et al.€‚, . . . vw ---ûû!"Xpqrsƒt¨xPyz{  , !|  , !xPyzd{  , !|  , !uX}~, et al.€‚, . . . vw ---ûû!#x 8¡¢(t‘’ “” •  , !–—t‘’ “” •  . !–—t‘’ “” •  . !–—t‘’ “” •  . !–—h‘’ “” • –—t‘’ “”  , !• –—t‘’ “”  .ûû!• –— €¡¢pt‘’ “” •  , !–—t‘’ “” •  . !–—h‘’ “” • –—t‘’ “”  , !• –—x‘’ “” •  edûû!–—t‘’ “”  . !• –—h‘ ’ “” • –—t‘’ “”  , !• –—h‘ ’ “” • –—t‘’ “”  .ûû!• –— ¡¢ôt‘’ “” •  , !–—h‘’ “” • –—t‘’ “”  , !• –—œ‘ ’ “” in: !•4 $, (Ed.)^(Eds.)!–—t‘’ “”  , !• –—h‘’ “” • –—t‘ ’ “”  . !• –—t‘ ’ “”  , !• –—t‘’ “”  , !• –—h‘’ “” • –—t‘’ “”  , !• –—x‘’ “” pp. !• –—t‘’ “”  .ûû!• –— °¡ ¢ ‘’ “” •8 & (Ed.)^(Eds.), ûû!–—t‘’ “” •  . !–—h‘’ “” • –—t‘’ “”  . !• –—h‘ ’ “” • –—t‘’ “”  , !• –—h‘ ’ “” • –—t‘’ “”  .ûû!• –— ¡¢ôt‘’ “” •  , !–—h‘’ “” • –—t‘’ “”  , !• –—œ‘ ’ “” in: !•4 $, (Ed.)^(Eds.)!–—t‘’ “”  , !• –—h‘’ “” • –—t‘ ’ “”  . !• –—t‘ ’ “”  , !• –—t‘’ “”  , !• –—h‘’ “” • –—t‘’ “”  , !• –—x‘’ “” pp. !• –—t‘’ “”  .ûû!• –—$%'p°±`²³P´µ¶´µ¶´µ¶&e()@ph‘+’ “” • –—|t‘"’ “”  , !• –—|t‘’ “”  , !• –—°¨‘’ “”P >, edited and translated by ûû!• –—*@\0  ; !213  ¡¢ü€‘’ “”  (ûû!•  , !–—t‘’ “” •  )ûû!–—A ¡¢ðt‘’ “” •   (!–—t‘’ “” •  )ûû!–—4Xpqrsƒt¸xXyzd{  , !|$  and ûû!xXydzd{  , !|$  and ûû!uX}~ et al.ûû€‚, . . . vw B$  and ûû!C$  and ûû!5(°±²³64ÐÑÒ  -ûû!7dàá  ; !âåæç è 8X}~ et al.ûû€‚, . . . 9:;  , !<=A>?@ |PQZ  , !RShpqrsƒt¸xXyzd{  , !|$  and ûû!xXydzd{  , !|$  and ûû!uX}~, et al.€‚, . . . vw ---ûû!Thpqrsƒt¸xXyzd{  , !|$  and ûû!xXydzd{  , !|$  and ûû!uX}~, et al.€‚, . . . vw ---ûû!UVWY ÀÁÂÃÄ$ Ibid.!Ì„|‘’ “”$ Ibid.ûû!• –—Å$ Ibid.!ÆÇ ÈÉ ÊèShpqrsƒt¸xXyzd{  , !|$  and ûû!xXydzd{  , !|$  and ûû!uX}~, et al.€‚, . . . vw ---ûû!Thpqrsƒt¸xXyzd{  , !|$  and ûû!xXydzd{  , !|$  and ûû!uX}~, et al.€‚, . . . vw ---ûû!ËU[L|t‘+’ “”  , !• –—|t‘"’ “”  , !• –—|t‘’ “”  , !• –—°¨‘’ “”P >, edited and translated by ûû!• –—  `ab<dc, Anonymousûû!(@ABC `ðñòóôõö÷øùú