Hackethal, Andreas - In: Jahrbücher für Nationalökonomie und Statistik 221 (2001) 5-6, pp. 592-619
Summary Initiated by the seminal work of Diamond/Dybvig (1983) and Diamond (1984), advances in the theory of financial intermediation have sharpened our understanding of the theoretical foundations of banks as special financial institutions. What makes them “unique” is the combination of...