ECON 302 Lecture : Lecture Notes
30 Jan 2014
School
Department
Course
Professor
Document Summary
Why do banks operate as brokers? (according to bis: the logic of their argument is: innovations have gone on that are cost saving and are efficient from the point of view of finance, certainly included is the computer evolution, these new practices represent a danger/regulatory challenge, these new ways of doing business, however, represent at the same time an enormous opportunity and increased efficiency in the financial industry, the tools of monetary policy have to be changed or at least the dimensions of monetary policy have to be changed, the problem that arises almost immediately is the question of what is money at all.
