banking system
Financial institution network
A banking system is the network of financial institutions, regulations, and practices that handle money in an economy.
It includes central banks that set monetary policy, commercial banks that accept deposits and make loans, and the infrastructure connecting them.
The phrase often appears in discussions of economic stability: The banking system nearly collapsed in 2008.
A country's banking system shapes how credit flows and how people save and borrow.
- lendingTemporary provision of resources
- credit unionMember-owned financial cooperative
- monetary policyCentral bank economic controls
- interest ratesPrice paid for borrowing
- capital requirementsMinimum funds banks must hold
too big to fail · clearinghouse · money transfer · wealth management · digital wallets · currency exchange · stress testing · credit rating · loan shark · deposits · savings account · transactions · ATM · checking · direct deposit · overdraft fee · consumer protection laws · currency
- bankingATM, ATMs, account, accounts, deposit
- economicssupply and demand, inflation, GDP, GNP, gross domestic product
- systemsecosystems, ecosystem, biological systems, transportation network, communication systems
- institutionsacademy, government, public hospitals, museum, public libraries
- Meiji JapanEmperor Meiji, modernization, westernization, privy council, prefectures
- TemplarsKnights Templar, Templars, grand master, grandmaster, warrior monks
banking systembarter system
Cashless exchange method
barter · barter economy · direct exchange · gift economy · subsistence economy
banking systemDeFi
Peer-to-peer blockchain banking
cryptocurrency · peer-to-peer lending · blockchain · cash economy · Bitcoin
banking systemshadow economy
Unrecorded commercial activity
underground economy · black market · cash economy · loan sharking · grey market
bank, system, banker, banking, bankrupt, banks, bankruptcy, banked, bankers