The Banking Crisis: Causes, Consequences and Remedies

Paul Grauwe

Chapter 1 in The Global Crash, 2010, pp 10-31 from Palgrave Macmillan

Abstract: Abstract In order to analyse the causes of the banking crisis it is useful to start from the basics of banking.1 Banks are in the business of borrowing short and lending long. In doing so they provide an essential service to the rest of us, that is, they create credit that allows the real economy to grow and expand.

Keywords: Central Bank; House Price; Asset Price; Banking System; Balance Sheet (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-28153-0_2

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DOI: 10.1057/9780230281530_2

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