EUI Working Paper: SPSEuropean University Institute, 1996 - Europe |
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Page 26
... fiscal - military model was side - tracked by considerations of a domestic order . The most important question for corporatist states confronted with the advent of democratization was not to finance war , but to maintain peace and order ...
... fiscal - military model was side - tracked by considerations of a domestic order . The most important question for corporatist states confronted with the advent of democratization was not to finance war , but to maintain peace and order ...
Page 27
... fiscal- military model , where the central bank resisted from extending a sweeping liquidity guarantee to joint stock banks , the cost of solvency was indirectly borne by the joint stock banks , in the form of precautionary reserves and ...
... fiscal- military model , where the central bank resisted from extending a sweeping liquidity guarantee to joint stock banks , the cost of solvency was indirectly borne by the joint stock banks , in the form of precautionary reserves and ...
Page 29
... fiscal - military state model : central banks were chartered by centralized states in need of funds , usually to field large armies or costly navies . The only exception seems to have been the Bank of Amsterdam . Only in a handful of ...
... fiscal - military state model : central banks were chartered by centralized states in need of funds , usually to field large armies or costly navies . The only exception seems to have been the Bank of Amsterdam . Only in a handful of ...
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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