EUI Working Paper: SPSEuropean University Institute, 1996 - Europe |
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Page 25
... last resort ( central banking ) . A central bank could guarantee the liquidity of bank assets by accepting to rediscount commercial paper at all times , at reasonable rates . By keeping bank assets liquid , the central bank would then ...
... last resort ( central banking ) . A central bank could guarantee the liquidity of bank assets by accepting to rediscount commercial paper at all times , at reasonable rates . By keeping bank assets liquid , the central bank would then ...
Page 30
... last - resort lending , as the solvency of the banking system was guaranteed by other means -- unable to count on the guarantee of the central bank when in need of it , the clearing banks became self - reliant . Last , the bank could ...
... last - resort lending , as the solvency of the banking system was guaranteed by other means -- unable to count on the guarantee of the central bank when in need of it , the clearing banks became self - reliant . Last , the bank could ...
Page 37
... last resort in times of crisis.62 Moreover , the joint stock banks ' activities were early on rigorously regulated by the government to make them safe for shareholders and ( agrarian ) depositors . Sweden introduced bank inspection in ...
... last resort in times of crisis.62 Moreover , the joint stock banks ' activities were early on rigorously regulated by the government to make them safe for shareholders and ( agrarian ) depositors . Sweden introduced bank inspection in ...
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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