Modern Banking Comes of Age

Luis Angeles ()
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Luis Angeles: University of Glasgow

Chapter Chapter 7 in Money Matters, 2022, pp 59-70 from Springer

Abstract: Abstract With the development of Central Bank notes as a new form of currency, an evolutionary process is put in motion which eventually results in a profound transformation of the business of banking. By the twentieth century, this transformation meant that the former limits to the expansion of banking could be set aside.

Keywords: Central Bank; Bank reserves; Convertibility; Deposit insurance; Standing facility; Interest rate policy; Open Market Operations (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-95516-8_7

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DOI: 10.1007/978-3-030-95516-8_7

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