EUI Working Paper: SPSEuropean University Institute, 1996 - Europe |
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Page 1
... solvency . As we shall see in this study of the nineteenth century , in specialized structures banks and borrowers ( firms ) bore the cost of solvency , whereas in non - specialized structures such costs were unloaded on the unorganized ...
... solvency . As we shall see in this study of the nineteenth century , in specialized structures banks and borrowers ( firms ) bore the cost of solvency , whereas in non - specialized structures such costs were unloaded on the unorganized ...
Page 23
... solvency of " A " , thus , is not affected by changes in the business cycle . " B " ' s solvency , in contrast , is affected by the business cycle . When the economy is booming and the financial markets are flushed , " B " finds itself ...
... solvency of " A " , thus , is not affected by changes in the business cycle . " B " ' s solvency , in contrast , is affected by the business cycle . When the economy is booming and the financial markets are flushed , " B " finds itself ...
Page 27
... solvency . In the 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 ...
... solvency . In the 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 ...
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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