EUI Working Paper: SPSEuropean University Institute, 1996 - Europe |
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Page 6
... engaged . Second , depositors everywhere reacted alike to risks of bankruptcy -- by running to the bank to withdraw their money . The risk afferent to immobilization being the same in every country , the panoply of tools among which ...
... engaged . Second , depositors everywhere reacted alike to risks of bankruptcy -- by running to the bank to withdraw their money . The risk afferent to immobilization being the same in every country , the panoply of tools among which ...
Page 25
... engaged in lending of last resort with the same equanimity . In fact , one can say that until 1900 , there was an almost inverse relation between the age of a central bank and that of central banking -- the older the central 25.
... engaged in lending of last resort with the same equanimity . In fact , one can say that until 1900 , there was an almost inverse relation between the age of a central bank and that of central banking -- the older the central 25.
Page 41
... engaged in deposit banking , nor a case of universalism , since the central bank had no incentive to be a bankers ' bank . 76Tortella 1972. Tortella 1994 , p . 868 . 77See Tortella 1994 , pp . 868 , 886 . The present analytical ...
... engaged in deposit banking , nor a case of universalism , since the central bank had no incentive to be a bankers ' bank . 76Tortella 1972. Tortella 1994 , p . 868 . 77See Tortella 1994 , pp . 868 , 886 . The present analytical ...
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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