Chapter 6: Banks
Date
2023-05-18
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Source Title
Print ISSN
9781800375314
Electronic ISSN
9781800375321
Publisher
Edward Elgar Publishing
Volume
Issue
Pages
126 - 146
Language
en_US
Type
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Volume Title
Usage Stats
39
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28
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Abstract
Banking is a particular model of financial intermediation whereby one institution takes in liquid deposits and makes longer-term, generally illiquid, loans. This is a very specific and potentially unstable form of financial intermediation. Nonetheless, it is ubiquitous over time and across countries. This chapter reviews the reasons why banks exist and are so important, and what impact they have on the real economy. It concludes with a discussion of stablecoins and central bank digital currencies, which are closely related to banking.
Course
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Book Title
Research handbook of financial markets