Banks and Bank Money

John Hicks

in A Market Theory of Money

Published in print August 1989 | ISBN: 9780198287247
Published online November 2003 | e-ISBN: 9780191596407 | DOI:
 Banks and Bank Money

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This chapter analyzes the functions of banks. A firm can be considered a fully formed bank when it is doing all these things: (1) accepting deposits, (2) discounting bills, and (3) making advances to customers. A fourth function commonly attributed to a bank, that of providing a medium of payment; ways a bank can protect itself from risks, and the concept of liquidity are discussed.

Keywords: banks; banking system; monetary theory; lending

Chapter.  4314 words. 

Subjects: Macroeconomics and Monetary Economics

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