Economics of Banking: A Functional Perspective of Analysis (I Tratti Distintivi Dell'Economia Degli Intermediari Bancari: Un Approccio Di Analisi Funzionalista)
Il Risparmio Review, Rome, n. 1, pp. 97-137, January-March, 2012
46 Pages Posted: 6 Jun 2012 Last revised: 28 Jun 2012
Date Written: March 1, 2012
This paper aims to examine the basic functions performed by banks. It is argued that financial crisis has altered the traditional economics of banking in an important way. A key element of our paper is the use of a functional perspective to study the economics of banking. It is applicable at several levels of analysis: systems, institutions, activities, and products. The application of the functional perspective at the level of financial institutions is particularly useful because the functions are more stable than activities and products.
Keywords: financial crisis, banking, financial innovation, business model, financial intermediation
JEL Classification: G01, G20, G21, G32, M10, M20, M21
Suggested Citation: Suggested Citation