文章基本信息

标题：A Theoretical Analysis of Narrow Banking Proposals
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作者：Shuji Kobayakawa ; Hisashi Nakamura
期刊名称：Monetary and Economic Studies
印刷版ISSN：0288-8432
出版年度：2000
卷号：18
期号：1
出版社：Bank of Japan, Institute for Monetary and Economic Studies
摘要：The purpose of this paper is to examine narrow banking proposals. First, we survey the narrow banking proposals presented in the United States and Japan, and categorize them by means of two standards: (1) whether safe assets that a narrow bank is allowed to hold are limited to short-term assets, and (2) whether a narrow bank is allowed to engage in lending activity. Second, we examine the feasibility of each proposal for the purpose of achieving the stability of the financial system, making use of two theoretical models: Wallace (1996) and Kashyap, Rajan, and Stein (1998). Finally, we conclude that a desirable narrow bank is one that carries out both deposit-taking and lending activities, though restrictively, and is allowed to invest in short-term safe assets.
关键词：Narrow bank; Bank run; Integrated operation of deposit-taking and lending services; Liquidity