EUI Working Paper: SPSEuropean University Institute, 1996 - Europe |
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Page 20
... contrast , deposit banking as it developed in Britain and France , led banks to estrange themselves from industry , in both center and periphery . In the center , banks could not afford to immobilize liquid deposits into illiquid ...
... contrast , deposit banking as it developed in Britain and France , led banks to estrange themselves from industry , in both center and periphery . In the center , banks could not afford to immobilize liquid deposits into illiquid ...
Page 23
... contrast , is affected by the business cycle . When the economy is booming and the financial markets are flushed , " B " finds itself with lots of liquid assets being financed by lots of stable ( illiquid ) liabilities -- it is ...
... contrast , is affected by the business cycle . When the economy is booming and the financial markets are flushed , " B " finds itself with lots of liquid assets being financed by lots of stable ( illiquid ) liabilities -- it is ...
Page 36
... contrast , the next four cases had a central bank since the early years of the century . Central banking required the conversion of the existing cen- tral bank into a bankers ' bank . Although delayed a bit , this conversion was ...
... contrast , the next four cases had a central bank since the early years of the century . Central banking required the conversion of the existing cen- tral bank into a bankers ' bank . Although delayed a bit , this conversion was ...
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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