Banking in the Theory of Financial Intermediation: Traditions and Innovation
Abstract
The article is devoted to the evolution of the theory of financial intermediation and its main approaches. The basic concepts have been discussed to represent the main periods of this evolution. Keeping of liquidity level and risk management have been described as prospect concepts for development of the contemporary theory of intermediation.
Keywords:
Banking System
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Articles of the St Petersburg University Journal of Economic Studies are open access distributed under the terms of the License Agreement with Saint Petersburg State University, which permits to the authors unrestricted distribution and self-archiving free of charge.