by Sebastian Schich | Jun 21, 2023 | bank "specialness", financial safety net, financial sector guarantee, Fintech, why are banks special, why banks are special
Will fintech make banks less “special”? The short answer is no. Banks manage two sets of cash flows – deposits and loans – and provide two key services – liquidity provision and maturity transformation. Banks provide these services in bundled form. As a result of...
