Money, Development and Economic Transformation
Subtitle: Selected Essays by Hajo Riese (Studies in Economic Transition)
Contributors: Jens Holscher (Editor); Horst Tomann (Editor)
Publisher: Palgrave Macmillan
Published: February 21, 2004
Language: eng
Format: Hardcover
Number of pages: 200
ISBN-13: 9780333800751
Subjects: Development economics; Economic theory & philosophy; Monetary economics; Transitional economies; Business & Economics; Business / Economics / Finance; Business/Economics; Economics - General; Finance; Money & Monetary Policy; Business & Economics / Finance; Economic development; Keynesian economics; Monetary policy; Money
First sentence: Commercial banks are financial intermediaries, which distinguish themselves from other financial intermediaries such as investment funds, insurance companies and so on in that they are supported and controlled by the central bank.