[22] Candia, B., Coibion, O. and Gorodnichenko, Y. (2020), “  Communication and the Beliefs of Economic Agents”, NBER Working Papers, No 27800, National Bureau of Economic Research.
One notable example is peer-to-peer (P2P) finance, which directly connects private lenders with borrowers via the Internet. An important element of this model is that there is no middleman, nor is there any liquidity or maturity transformation as in traditional banking or market-based finance.