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A comment on The Fed stalls the creation of a bank with a novel business model. Parent comment
That's effectively what 'interbank lending' is. The central bank system then centralises that peer-to-peer processes.
Deposits are swapped for capital in the same way.
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That's effectively what 'interbank lending' is. The central bank system then centralises that peer-to-peer processes.
Deposits are swapped for capital in the same way.