MUTUAL FUNDS AS AN ALTERNATIVE BANKING SYSTEM

Authors
SCOTT KE
Citation
Ke. Scott, MUTUAL FUNDS AS AN ALTERNATIVE BANKING SYSTEM, JITE. Journal of institutional and theoretical economics, 154(1), 1998, pp. 86-96
Citations number
10
Categorie Soggetti
Economics
Journal title
JITE. Journal of institutional and theoretical economics → ACNP
ISSN journal
09324569
Volume
154
Issue
1
Year of publication
1998
Pages
86 - 96
Database
ISI
SICI code
0932-4569(1998)154:1<86:MFAAAB>2.0.ZU;2-D
Abstract
The paper examines some of the drawbacks of the existing banking syste m, from the standpoint of both the industry and the taxpayer, and then considers the possible role that mutual funds might play in an altern ative banking system. In particular, the characteristics of money mark et funds are described, and they are evaluated as an alternative basis for a transaction account and payments transfer system.