Abstract
In order to analyse the causes of the banking crisis it is useful to start from the basics of banking.1 Banks are in the business of borrowing short and lending long. In doing so they provide an essential service to the rest of us, that is, they create credit that allows the real economy to grow and expand.
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De Grauwe, P. (2010). The Banking Crisis: Causes, Consequences and Remedies. In: Talani, L.S. (eds) The Global Crash. Palgrave Macmillan, London. https://doi.org/10.1057/9780230281530_2
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DOI: https://doi.org/10.1057/9780230281530_2
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-31835-3
Online ISBN: 978-0-230-28153-0
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