Intermediation and pure liquidity creation in banking systems

Intermediation and pure liquidity creation in banking systems

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Intermediation and pure liquidity creation in banking systems

BIS Working Papers | No 5 | 01 February 1981by William A AllenPDF full text (1,310kb) | 28 pagesAbstract:This paper divides money created by banking systems into two separate components, corresponding to a classification of the services provided by banking systems.

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