Mutual Funds as an Alternative Banking System

The paper examines some of the drawbacks of the existing banking system, from the standpoint of both the industry and the taxpayer, and the considers the possible role that mutual funds might play in an alternative banking system. In particular, the characteristics of money market funds are described, and they are evaluated as an alternative basis for a transaction account and payments transfer system.

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Year of publication:	1998
Authors:	Scott, Kenneth E.
Published in:	Journal of Institutional and Theoretical Economics (JITE). - ISSN 0932-4569. - Vol. 154.1998, 1, p. 86-86

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Type of publication:	Article
Classification:	G2 - Financial Institutions and Services ; K2 - Regulation and Business Law
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005582022