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Frederic S. Mishkin gives a good explanation of what banks do. (Marginal Revolution does as well.) So, what do banks do?(Bank=financial system.)What happens when banks

Frederic S. Mishkin gives a good explanation of what banks do. (Marginal Revolution does as well.) So, what do banks do?(Bank=financial system.)What happens when banks can't do what they do?In your answer, be sure to discuss asymmetric information.

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