• John Lewis Finance

    If banks didn’t exist, each saving and borrowing would decline sharply in the economic system. On this last module, we carry all the course together. These two lectures construct on all the things that came before, and present how all the items fit together right into a unified whole. Specifically, the first lecture makes use of the conceptual apparatus of the cash view to make sense of shadow banking because the quintessential type of banking for the modern financially globalized world. And the second lecture reveals how the conceptual apparatus of the cash view suits with commonplace economics view and finance view, by drawing attention to dimensions of the world…