Chapter 6: Banks
| buir.contributor.author | Gürkaynak, Refet S. | |
| buir.contributor.author | Wright, Jonathan H. | |
| dc.citation.epage | 146 | en_US |
| dc.citation.spage | 126 | |
| dc.contributor.author | Gürkaynak, Refet S. | |
| dc.contributor.author | Wright, Jonathan H. | |
| dc.contributor.author | Zakrajšek, Egon | |
| dc.date.accessioned | 2024-03-15T06:07:12Z | |
| dc.date.available | 2024-03-15T06:07:12Z | |
| dc.date.issued | 2023-05-18 | |
| dc.department | Department of Economics | |
| dc.description.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. | |
| dc.description.provenance | Made available in DSpace on 2024-03-15T06:07:12Z (GMT). No. of bitstreams: 1 Bilkent-research-paper.pdf: 119907 bytes, checksum: 0badc4ae6a80bfa223a9d54e33f6f823 (MD5) Previous issue date: 18-05-20 | en |
| dc.identifier.doi | 10.4337/9781800375321.00013 | |
| dc.identifier.eissn | 9781800375321 | |
| dc.identifier.issn | 9781800375314 | |
| dc.identifier.uri | https://hdl.handle.net/11693/114767 | |
| dc.language.iso | en_US | |
| dc.publisher | Edward Elgar Publishing | |
| dc.relation.ispartof | Research handbook of financial markets | |
| dc.relation.isversionof | https://doi.org/10.4337/9781800375321.00013 | |
| dc.subject | Banks | |
| dc.subject | Adverse selection | |
| dc.subject | Moral hazard | |
| dc.subject | Banking relationships | |
| dc.subject | Financial stability | |
| dc.subject | Digital currency | |
| dc.subject | Regulation | |
| dc.title | Chapter 6: Banks | |
| dc.type | Book Chapter |