Bank-based versus market-based financial systems: a critique of the dichotomy
The paper sets out different perspectives on the bank-based vs market-based typology of financial systems. It presents a general critique of the typology, paying particular attention to the ways in which the typology reflects a loanable funds approach, ignoring the roles of banks in the credit money creation process, and the neglect of different types of banks. It is argued that banks should be viewed as institutions engaged in market transactions and the equity markets as also institutions involved in markets.
|Date of creation:||20 Jan 2014|
|Date of revision:|
|Contact details of provider:|| Postal: FESSUD Co-ordinator (Malcolm Sawyer) Leeds University Business School Maurice Keyworth Buidling Leeds LS2 9JT|
When requesting a correction, please mention this item's handle: RePEc:fes:wpaper:wpaper19. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Helen Evans)
If references are entirely missing, you can add them using this form.