英语翻译The evolution of information technology in recent years

英语翻译
The evolution of information technology in recent years has led to the development of electronic marketplaces where traditional intermediaries may be less important or even redundant for the economic interaction of market participants (Benjamin andWigand 1995,Evans and Wurster 1997,Malone,Yates,and Benjamin 1987).Within the financial services industry,the debate about disintermediation and the future relevance of financial intermediaries (Allen and Santomero 2001,Nellis,McCaffery,and Hutchinson 2000,Schmidt,Hackethal ,and Tyrell 1999) is fueled by the increasing role of electronic lending markets (P2P LendingorSocial Lending) where an electronic marketplace replaces a bank as the traditional intermediary and enables the brokerage of consumer loans directly between borrowers and lenders (Hulme and Wright 2006,Meyer 2007).A recent study predicts that within the next few years such social banking platforms may have a market share of ten percent of the worldwide market for retail lending and financial planning (Gartner Inc.2008).For the US,the P2P lending market is estimated to grow to a volume of up to ten billion USD within the next 10 years (Bruene 2007).We examine more than 14,000 credit transactions on the American electronic P2P lending platformProsper.com,covering all transactions that took place in the market between 2005-11 and 2007-09.Our analysis of the P2P credit market starts with the observation that,despite the direct mediation ofloans in the marketplace,new types of intermediaries emerge as market participants provide paid intermediary services.In the paper we then focus on the following questions:(1) From a theoretical point of view,how can these intermediaries create value in the interaction between borrowers and lenders?(2) Should all borrowers make use of an intermediary,and can it make sense to pay for intermediary services?(3) From the borrowers’ perspective,what is the economic impact of intermediation in the electronic lending marketplace?Our empirical analysis is confirmatory in nature.It is based on the literature on financial intermediation (e.g.,Diamond 1984,Leland and Pyle 1976) from which we derive hypotheses on the role ofintermediaries in electronic marketplaces
834055928，十分着急，但分值有限。

近年来信息技术的进化引起了电子市场的发展,这趋势让传统的媒介在市场经济活动中变得不重要,甚至多余.（自.）在金融服务业中,电子借贷市场愈加重要的地位推动了商业的去介质化.这种市场代替了银行传统介质作用,使放贷借贷者可直接建立贷款联系.近来一研究预测,该种平台将占据世界零销贷款及金融规划市场的百分之10.在美国,该市场市值在十年内预计将增至100亿美元.我们检查了美国电子商务借贷市场中2005-2011年和2007-2009年超过14000项信用交易,分析基于如下观察：尽管市场中贷款仍需传统第三方,新型三方平台在市场各方提供中间服务条件下已经出现.在此论文中,我们关注如下几个问题：1.这些第三方平台理论而言怎样为借贷方与放贷方增加收益?2.借贷方是否应使用第三方平台,为此服务付费是否值得?3.从借贷者角度分析,第三方平台对电子借贷市场会有何影响?我们基于以往文献提出关于第三方平台在电子市场作用的实践分析,证实了客观经济规律.
楼主加分哦.真心不好翻（有些引用直接写上去即可）