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Banking as Insurance

  • Mervyn Lewis

Abstract

Almost every aspect of economic life is subject to uncertainty. The uncertainty comes about because people lack information about future ‘states’ with respect to resources, needs, preferences and technology. In order to cope with this uncertainty, a series of institutions for sharing and shifting risks has evolved. Markets for insurance services come readily to mind But the financial system as a whole performs a risk-sharing function.

Keywords

Mutual Fund Balance Sheet Insurance Policy Deposit Insurance Liquidity Risk 
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.

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Copyright information

© Edward P. M. Gardener 1990

Authors and Affiliations

  • Mervyn Lewis

There are no affiliations available

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