Banks as Secret Keepers
收藏NBER2014-06-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w20255
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资源简介：
Banks are optimally opaque institutions. They produce debt for use as a transaction medium (bank money), which requires that information about the backing assets - loans - not be revealed, so that bank money does not fluctuate in value, reducing the efficiency of trade. This need for opacity
提供机构：
美国国家经济研究局
创建时间：
2014-06-01
