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Background: Banking and Causality

  • Frederick Betz
Chapter
Part of the SpringerBriefs in Economics book series (BRIEFSECONOMICS)

Abstract

Our quest is a cross-disciplinary theory of financial regulation, grounded upon economic history. Before we proceed further on this journey, there are two backgrounds we should share. First, what is banking? Second, what is explanation? We have seen that panics occurred in banking. Why? We have argued that explaining these panics cannot be causal. Why? We review some background, first about banking and second about causality.

Keywords

Central Bank Financial System Federal Reserve Money Supply Private Good 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

References

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Copyright information

© Springer International Publishing Switzerland 2014

Authors and Affiliations

  • Frederick Betz
    • 1
  1. 1.Portland State UniversityPortlandUSA

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