ABSTRACT Over the past 25 years or so, regional banks and related savings organizations have lost out to new forms of saving and investment. The recent successes and failures of financial intermediation and markets are noted, along with arguments to the effect we are in the midst of a global savings glut. The paper provides a stylized account of how new kinds of financial intermediaries have begun to fill the vacuum left by traditional intermediaries. Implications are drawn for European urban and regional growth in circumstances where financial intermediaries have sought to realize the value embedded in urban infrastructure.

中文翻译：

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金融中介，基础设施投资和区域增长

摘要在过去的25年左右的时间里，区域银行和相关的储蓄组织已经迷失于新型的储蓄和投资形式。报告指出了金融中介和市场最近的成功和失败，以及对我们正处于全球储蓄过剩之中的影响的争论。本文提供了有关新型金融中介机构如何开始填补传统中介机构留下的真空的典型说明。在金融中介机构试图实现嵌入在城市基础设施中的价值的情况下，对欧洲城市和地区的增长具有影响。