Banking, Money and Credit: A Systemic Perspective
Yuri Biondi ()
Accounting, Economics, and Law: A Convivium, 2018, vol. 8, issue 2, 26
Contemporaneous banking theories appear to understand financial institutions as intermediaries, relegating bank money creation through money multiplication outside the core of banking activity. This article takes a different systemic perspective, pointing to the dynamic and collective features that generate a banking system within and across financial institutions. Classic features such as bank credit creation, as well as classic issues such as bank runs, are reconsidered under the notion of a ‘banking system’ requiring coordination over time and circumstances.
Keywords: banking; financial regulation; money; credit (search for similar items in EconPapers)
JEL-codes: E42 E51 E58 G21 G28 M41 (search for similar items in EconPapers)
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Accounting, Economics, and Law: A Convivium is currently edited by Reuven S. Avi-Yonah, Yuri Biondi and Shyam Sunder
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