This paper aims to examine the basic functions performed by banks. It is argued that financial crisis has altered the traditional economics of banking in an important way. A key element of our paper is the use of a functional perspective to study the economics of banking. It is applicableat several levels of analysis: systems, institutions, activities, and products.The application of the functional perspective at the level of financialinstitutions is particularly useful because the functions are more stable than activities and products.
|Numero di pagine||41|
|Stato di pubblicazione||Published - 2012|