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institutions: banks and bank management -- Financial industry structure -- Regulating the financial system -- Central banks … reserve and the european central bank -- The central bank balance sheet and the money supply process -- Monetary policy …: stabilizing the domestic economy -- Exchange-rate policy and the central bank -- Money growth, money demand, and modern monetary …
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-- Commercial bank operations -- International banking -- Regulation of financial institutions -- Financial institutions -- Thrift …
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We present a theory in which the key driver of short-term debt issued by the financial sector is the portfolio demand for safe and liquid assets by the nonfinancial sector. This demand drives a premium on safe and liquid assets that the financial sector exploits by owning risky and illiquid...
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