What Is a Bank?

Sven Janssen

Chapter 2 in British and German Banking Strategies, 2009, pp 8-18 from Palgrave Macmillan

Abstract: Abstract Without discussing the theoretical question of what constitutes a financial intermediary at great length, this book accepts that there are financial intermediaries, such as banks, insurance companies and investment companies which are instrumental to the functioning of the financial markets as their activities provide the institutional framework. Clearly, there would not be any significant financial market without these financial institutions, neither would there be any financial institution without the existence of such markets.

Keywords: Financial Service; Banking Sector; Investment Bank; Banking Service; Investment Company (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-0-230-23393-5_2

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DOI: 10.1057/9780230233935_2

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