EUI Working Paper: SPSEuropean University Institute, 1996 - Europe |
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Page 10
... insolvency.11 Whether the monopolistic and solvency drawbacks merely balance or completely dwarf the informational advantages of universal banking is not something that can be adjudi- cated a priori . A model able to handle such complex ...
... insolvency.11 Whether the monopolistic and solvency drawbacks merely balance or completely dwarf the informational advantages of universal banking is not something that can be adjudi- cated a priori . A model able to handle such complex ...
Page 23
... insolvent ; four - fifth of its liabilities are liquid whereas four - fifth of its assets are frozen ( like " C " ) . Bank " B " cannot easily guard against the risk of insolvency because no one can forecast the degree to which the next ...
... insolvent ; four - fifth of its liabilities are liquid whereas four - fifth of its assets are frozen ( like " C " ) . Bank " B " cannot easily guard against the risk of insolvency because no one can forecast the degree to which the next ...
Page 24
... insolvent banks . The impenetrableness of balance sheets removed an important means that bankers needed to elicit their clients ' trust -- the capacity to commit to certain liquidity targets . Absent such a commitment , depositors could ...
... insolvent banks . The impenetrableness of balance sheets removed an important means that bankers needed to elicit their clients ' trust -- the capacity to commit to certain liquidity targets . Absent such a commitment , depositors could ...
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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