Serviços Personalizados
Journal
Artigo
Indicadores
- Citado por SciELO
- Acessos
Links relacionados
- Citado por Google
- Similares em SciELO
- Similares em Google
Compartilhar
Ensayos sobre POLÍTICA ECONÓMICA
versão impressa ISSN 0120-4483
Resumo
MCCANDLESS, George. On the social value of banks. Ens. polit. econ. [online]. 2010, vol.28, n.spe61, pp.106-133. ISSN 0120-4483.
I compare the utility of individuals in an economy with and without banks. To make the comparison interesting, the economy without banks has cashin- advance money that the individuals use for consumption and for precautionary (emergency) purposes and that firms use to pay their wage bill. In the economy with banks, the precautionary funds are deposited in banks, which lend this money to firms for working capital. In these economies output is generally higher, people have higher utility and live longer. Also, the price level is usually higher.
Palavras-chave : wage; money; interest rates; financial institutions and services.