What Makes Banks Special ? A Study Of Banking, Finance, And Economic Development

Topics:
Commercial Banking,
Insurance
Tags:
Bank,
Banking,
Finance,
Financial,
Financial Services,
Free Trade,
World Bank Group
Source:
World Bank Group

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Overview: After integrating his examination of money, production, and investment, the author argues that banks remain special in that they lend claims on their own debt and the public accepts the debt claims as money. His study shows the banks and non-bank financial intermediaries perform complementary function essential to the economy. As possibilities for global communications expand, trust will matter more than ever, and banks and other financial intermediaries will be in a good position to bridge gaps in trust when it comes to creating money and intermediating funds.

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Format: PDF | Size: 4,073KB | Date: Aug 2000 | Pages: 66

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