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The Rationale behind existence of banks

eBook (PDF), 15 Pages
(3 Ratings)
Price: $11.00
Banks can be defined as a business establishment in which money is kept for saving or commercial purposes or is invested, supplied for loans, or exchanged. Banks have existed for more than seven centuries, (Hildreth; 2001, 1) and ‘have traditionally played the key role [in any economy] by acting as financial intermediaries between savers and borrowers’, (Llewellyn; 1998; 2). This work aims at discussing what explains the existence of a bank. The approach adopted was to first explain the importance of borrowing and lending in an economy and why direct borrowing and lending is not practical. Then it goes on to show how a bank, acting as intermediary can facilitate the transfer of fund from lenders to borrowers. Finally it explains why banks are the most able adminstrators for this task.
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  • By Mark Johansen
    Oct 15, 2009
    "My word!" I am impressed by your work. The research, though largely theoritical and lacking empirical surveys, boasts of some strong statements and hypothesis. The way the analysis went about is excellent and I stongly recommend readers to have a copy of this book.
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Product Details

Edition
Volume 1
Published
October 1, 2011
Language
English
Pages
15
File Format
PDF
File Size
82.11 KB

Formats for this Ebook

PDF
Required Software Any PDF Reader, Apple Preview
Supported Devices Windows PC/PocketPC, Mac OS, Linux OS, Apple iPhone/iPod Touch... (See More)
# of Devices Unlimited
Flowing Text / Pages Pages
Printable? Yes
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