Razor blade banks

The US in 1913 was one of the last major economies to establish an institution of a central bank. The book examines, however, the history and evolution of central banking in the US...

The textbook examines the legal and organizational foundations of the formation and development of commercial banks, shows their role in the accumulation and mobilization of loan c...

All central banks manage the supply of money and credit in their countries, increasing and decreasing them as needed to provide what economies need to keep growing. The way central...

The German case illustrates the initially self-reinforcing but ultimately self-undermining effects of market-restraining arrangements. In Germany, a legal framework conducive to bi...

This chapter examines the financial crisis that had begun in early 2007 in the United States. Euro area banks had taken big risks both in the U.S. and at home; almost instantly, th...

Throughout their long history, the primary concern of central banks has oscillated between price stability in normal times and financial stability in extraordinary times. In the wa...