Please use this identifier to cite or link to this item: http://hdl.handle.net/1893/22628
Appears in Collections:Economics Book Chapters and Sections
Title: Financial Institutions and The State: A Re-examination
Authors: Chick, Victoria
Dow, Sheila
Contact Email: s.c.dow@stir.ac.uk
Editors: Rochon, L-P
Seccareccia, M
Citation: Chick V & Dow S (2013) Financial Institutions and The State: A Re-examination. In: Rochon L-P, Seccareccia M (ed.). Monetary Economies of Production: Banking and Financial Circuits and the role of the State, Cheltenham: Edward Elgar, pp. 99-111.
Issue Date: 2013
Publisher: Edward Elgar
Abstract: The purpose of the paper is to revisit the relationship between the British State and the banks in the light of the crisis. This requires a historical treatment of the evolving relationship between these parties in providing society’s money and facilitating credit creation. We then focus on how the previously supportive relationship was changed decisively in 1971 and consider implications for the future. Rather than making banks increasingly like non-bank financial intermediaries, we argue for a renewed relationship of mutual trust and obligation between the banks and the state as a means of reducing the future incidence of crises.
Rights: The publisher has granted permission for use of this work in this Repository. Published in Monetary Economies of Production: Banking and Financial Circuits and the Role of the State by Edward Elgar: http://www.e-elgar.com/shop/monetary-economies-of-production?___website=uk_warehouse
Type: Part of book or chapter of book
URI: http://hdl.handle.net/1893/22628
URL: http://www.e-elgar.co.uk/bookentry_main.lasso?id=14862
Affiliation: University College London
Economics

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