EUI Working Paper: SPSEuropean University Institute, 1996 - Europe |
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Page 14
... protection of the market share of the local com- mercial and / or nonprofit banking sector , and ( 2 ) the granting of central banking ( defined as ... liquidity guarantee . The First Requisite of Universal Banking : Fragmentation of the 14.
... protection of the market share of the local com- mercial and / or nonprofit banking sector , and ( 2 ) the granting of central banking ( defined as ... liquidity guarantee . The First Requisite of Universal Banking : Fragmentation of the 14.
Page 27
... 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 a large number of assets kept relatively liquid in cases of an emergency . Since ...
... 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 a large number of assets kept relatively liquid in cases of an emergency . Since ...
Page 30
... liquidity guarantee to other banks , making it instead a matter of personal discretion . The bank was obviously reluctant to finance the competition of the clearing banks.41 Second , the bank did not have to engage in last - resort ...
... liquidity guarantee to other banks , making it instead a matter of personal discretion . The bank was obviously reluctant to finance the competition of the clearing banks.41 Second , the bank did not have to engage in last - resort ...
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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