How do banks create money, and why can other firms not do the same? An explanation for the coexistence of lending and deposit-taking
Thanks to the recent banking crises interest has grown in banks and how they operate. In the past, the empirical and institutional market micro-structure of the operation of banks had not been a primary focus for investigations by researchers, which is why they are not well covered in the literature...
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| Format: | Article |
| Language: | English |
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2014-12.
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| Online Access: | Get fulltext |