Shadow Banking and the Four Pillars of Traditional Financial Intermediation
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下载链接：
https://www.nber.org/papers/w23930
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资源简介：
Traditional banking is built on four pillars: SME lending, insured deposit taking, access to lender of last resort, and prudential supervision. This paper unveils the logic of the quadrilogy by showing that it emerges naturally as an equilibrium outcome in a game between banks and the government. A
提供机构：
美国国家经济研究局
创建时间：
2017-10-01
