In the wake of the global financial crisis, there has been a lot of discussion about...
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In the wake of the global financial crisis, there has been a lot of discussion about whether banking is 'socially useful'. Consult Chapter 5 and use the simple model of the macro-economy and the financial system to explain the benefits to the economy of the banking system and its role in stabilization policy. What factors are not considered in the basic model which could lead to the banking system destabilizing the economy? Could these activities be considered socially useful? In the wake of the global financial crisis, there has been a lot of discussion about whether banking is 'socially useful'. Consult Chapter 5 and use the simple model of the macro-economy and the financial system to explain the benefits to the economy of the banking system and its role in stabilization policy. What factors are not considered in the basic model which could lead to the banking system destabilizing the economy? Could these activities be considered socially useful?
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Answer There are various benefits of banking system to the economy of a nation The most important be... View the full answer
Related Book For
Accounting
ISBN: 978-1118608227
9th edition
Authors: Lew Edwards, John Medlin, Keryn Chalmers, Andreas Hellmann, Claire Beattie, Jodie Maxfield, John Hoggett
Posted Date:
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