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Banking as Insurance

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The Future of Financial Systems and Services

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.

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Authors
  1. Mervyn Lewis
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Editor information

Editors and Affiliations

  1. Institute of European Finance, University College of North Wales, Bangor, UK

    Edward P. M. Gardener (Professor and Director) (Professor and Director)

Copyright information

© 1990 Edward P. M. Gardener

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Lewis, M. (1990). Banking as Insurance. In: Gardener, E.P.M. (eds) The Future of Financial Systems and Services. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-10439-0_13

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