Show simple item record

dc.contributor.authorMiles, William
dc.identifier.citationMiles, W. J Econ Finan (2001) 25: 328
dc.descriptionClick on the DOI link to access the article (may not be free).
dc.description.abstractNarrow banking is an arrangement in which deposittaking and lending functions are separated and performed by different institutions. This separation is aimed at avoiding panics at uninsured banks, without moral hazard associated with deposit insurance. Money Market Mutual Funds (MMMFs) are promoted as replacements for bank deposits. For MMMFs to compete with banks, they must be able to withstand a monetary shock without losing shareholders in a flight to quality at government-insured institutions. VAR analysis indicates that MMMFsincrease share issue subsequent to a monetary tightening. This bolsters the case that liquidity can be provided in a narrow banking framework.
dc.relation.ispartofseriesJournal of Economics and Finance;v.25:no.3
dc.titleCan money market mutual funds provide sufficient liquidity to replace deposit insurance?
dc.rights.holderCopyright Academy of Economics and Finance 2001

Files in this item


There are no files associated with this item.

This item appears in the following Collection(s)

Show simple item record