Oldest Papers
Project MUSE - Medicalization, Contributory Injustice, and Mad Studies
Anne-Marie Gagné-Julien
muse.jhu.edu
No abstract available
No ratings yet
View paper →Recentering Globalization - Introduction: The 1990s—Japan’s return to Asia in the age of globalization
Koichi Iwabuchi
No abstract available
No ratings yet
View paper →Project MUSE - "The Most Outrageous Masquerade": Queering Asian-American Masculinity
Crystal Parikh
muse.jhu.edu
No abstract available
No ratings yet
View paper →Project MUSE - Geographies of Intimacy: Contemporary Renewals of Black–Palestinian Solidarity
Noura Erakat
muse.jhu.edu
No abstract available
No ratings yet
View paper →THE COMPLEXITY OF CONSTRUCTING PSEUDORANDOM GENERATORS FROM HARD FUNCTIONS
Emanuele Viola
No abstract available
No ratings yet
View paper →Bank Funding Costs What Are They What Determines Them And Why Do They Matter
Beau, Emily; Hill, John; Hussain, Tanveer; Nixon, Dan
Bank of England
No abstract available
★ 4.0 (1)
View paper →Banking In The Theory Of Finance
Eugene Fama
Journal of Monetary Economics
Banks are financial intermediaries that issue deposits and use the proceeds to purchase securities. This paper argues that when banking is competitive, these portfolio management activities in principle fall under. the Modigliani-.Miller theorem on the irrelevance of pure financing decisions. It follows that there is no need to control the deposit creation or security purchasing activities of banks to obtain a stable general equilibrium with respect to prices and real activity. In practice, however, banks are forcibly involved in the process by which a pure nominal commodity or unit of account is made to play the role of numeraire in a monetary system.The paper examines the nature of such a nominal commodity and how, through reserve requirements, banks get involved in making it a real economic good.
No ratings yet
View paper →