Sissoko, Carolyn - In: European Journal of Economics and Economic Policies: … 22 (2025) 1, pp. 32-53
This paper introduces modern readers to 'banking theory', that is, to the understanding of the banking system that was … framework that views banks as intermediaries that receive deposits and invest deposits in assets. The basic elements of banking … theory are related to the modern network effects literature, and a bank-centered view of the financial system is derived: all …