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2009 | 3(43) | 168-178
Article title

CONCEPTUAL PREREQUISITES FOR BANKING ACTIVITY IN REAL ECONOMY

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Selected contents from this journal
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Languages of publication
EN
Abstracts
EN
The paper characterizes the main theoretical models which suggest that despite the outcomes of the Arrow-Debreu model suggesting that banks have no grounds for their existence in the real economy. However, borrowers and lenders still prefer to deal through banks as financial intermediaries. The paper includes traditional reasons for banking activity increasing the utility functions of borrowers and lenders by covering a number of gaps in their contradictory preferences. Moreover, the paper presents further reasons for banking activity such as liquidity insurance, information-sharing coalitions, delegated monitoring and transaction costs.
Year
Issue
Pages
168-178
Physical description
Document type
ARTICLE
Contributors
author
  • Emil Slazak, Szkola Gl√≥wna Handlowa w Warszawie, Katedra Bankowosci, al. Niepodleglosci 162, 02-554 Warszawa, Poland
References
Document Type
Publication order reference
Identifiers
CEJSH db identifier
10PLAAAA074225
YADDA identifier
bwmeta1.element.9147bb3e-8e03-367e-8835-3a73bf604922
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