6 ms·
This is really interesting. but the roles of commercial banks and central banks are very different (intermediating credit and can go bust vs controlling money s
by retube 4y ago
This is really interesting. but the roles of commercial banks and central banks are very different (intermediating credit and can go bust vs controlling money supply and can't go bust[1]), and to exclude the former from your model means you are missing a key component of any economy.
[1] Caveats apply!