EUI Working Paper: SPSEuropean University Institute, 1996 - Europe |
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Page 26
SPS. and that of central banking -- the older the central bank , the later a bankers ' bank . This is the point of the next section . The Origins of Central Banking Central bank and central banking are nowadays synonymous . However , ...
SPS. and that of central banking -- the older the central bank , the later a bankers ' bank . This is the point of the next section . The Origins of Central Banking Central bank and central banking are nowadays synonymous . However , ...
Page 28
... central bank's shareholders , who , sooner than later included the state , and thus , the taxpayers . Indeed , to see illiquid banks and firms through a financial ... central bank . nature . The rest of this section reviews the evidence 28.
... central bank's shareholders , who , sooner than later included the state , and thus , the taxpayers . Indeed , to see illiquid banks and firms through a financial ... central bank . nature . The rest of this section reviews the evidence 28.
Page 44
... bank . The rationale runs like this . Belgium excepted , universal banking appeared in conjunction with the development of deposit banking , to stabilize unstable universal banks ... central banking or too late for central banking to have 44.
... bank . The rationale runs like this . Belgium excepted , universal banking appeared in conjunction with the development of deposit banking , to stabilize unstable universal banks ... central banking or too late for central banking to have 44.
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adopt central banking agrarian periphery Arpád SZAKOLCZAI assets Australia Austria Austria-Hungary Banca Commerciale Italiana Banco Bank of England bank's banking structures banking system Banque Belgium Bouvier Britain business cycle Canada capital and reserves capital scarcity central bank Chlepner commercial banks competition corporatism corporatist corporatist regimes countries Crédit Lyonnais Crédit Mobilier Denmark denominator includes deposit banking deposit market depositors Dépôts Development discount Economic History equity equity-liability ratio European University Institute finance fiscal-military model France function Germany Gerschenkron Giandomenico MAJONE GNP per capita Goodhart groups information asymmetry insolvency investment banks Italy joint stock banks last resort lending of last liabilities liquidity guarantee market fragmentation mixed banking moderate corporatism National Monetary Commission Netherlands nonprofit banking nonprofit sector Norway note-issuing monopoly Oxford University Press paper percent pluralist Policy private bankers profit proxy rediscount Reichsbank rents representation savings banks Social Société Générale solvency specialized banking Sweden Teichova territorial Tortella universal banking