Mises Wire
Author:
Arkadiusz Sieroń
Online Publish Date:
includes, in the United States, savings banks, thrift institutions, and credit unions, which also keep fractional reserves and conduct credit expansion (Feinman, 2011. “Securitization, Bank Lending and Credit Quality: The Case of Spain,” European Central Bank Working Paper Series, No. 1329, April. Claessens, Stijn, Zoltan 2015. “Re-Using Collateral: A General Equilibrium Model of Rehypothecation,” European University Institute, February. Meeks, Roland, Benjamin D. Nelson, and