Why do Banks Need a Central Bank? (1987)

C. A. E. Goodhart
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C. A. E. Goodhart: London School of Economics

Chapter 1 in The Central Bank and the Financial System, 1995, pp 3-18 from Palgrave Macmillan

Abstract: Abstract In The Evolution of Central Banks (1985), especially Chapter 3, I sought to examine the key features that distinguished banks from other financial intermediaries, and, in particular, necessitated the support of a Central Bank. This paper continues and extends that work.

Keywords: Mutual Fund; Financial Intermediary; Marketable Asset; Islamic Banking; Building Society (search for similar items in EconPapers)
Date: 1995
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-37915-2_1

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DOI: 10.1057/9780230379152_1

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