Background: Banking and Causality

Frederick Betz
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Frederick Betz: Portland State University

Chapter Chapter 3 in Why Bank Panics Matter, 2014, pp 23-32 from Springer

Abstract: Abstract Our quest is a cross-disciplinary theory of financial regulation, grounded upon economic history. Before we proceed further on this journey, there are two backgrounds we should share. First, what is banking? Second, what is explanation? We have seen that panics occurred in banking. Why? We have argued that explaining these panics cannot be causal. Why? We review some background, first about banking and second about causality.

Keywords: Central Bank; Financial System; Federal Reserve; Money Supply; Private Good (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:spr:spbchp:978-3-319-01757-0_3

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DOI: 10.1007/978-3-319-01757-0_3

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