USA Federal Reserve System [1913], European Central Bank, and Bank of Japan {central bank} can raise and lower interest rates, loan money to banks, and require different percentages of reserves.
Banks {commercial bank}, created by Glass-Steagall Act, can accept deposits and must have deposit insurance.
Banks {investment bank}, created by Glass-Steagall Act, do not accept deposits and so do not have classic bank runs.
An international bank {World Bank}, supported by member contributions, loans money, with conditions, to troubled economies.
6-Economics-Microeconomics-Banking
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Date Modified: 2022.0225