More on Banks and Banking
Harold Linh Cole
Abstract
Harold Linh Cole
Abstract
This chapter lays out the development and history of banking in the United States. It lays out the Diamond-Dybvig model of baning and explains how bank runs can arise. It closes by discussing various recent trends in banking and how they relate to investment banks and securitization
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This chapter lays out the development and history of banking in the United States. It lays out the Diamond-Dybvig model of baning and explains how bank runs can arise. It closes by discussing various recent trends in banking and how they relate to investment banks and securitization
Key concepts: Securitization, Investment banking, Financial system, Business, Commercial banking, Investment (military), Economics, Political science