Monetary financial institution: Difference between revisions

From ACT Wiki
Jump to navigationJump to search
(Add links.)
(Add link.)
 
(One intermediate revision by the same user not shown)
Line 21: Line 21:
*[[Institutional ]]
*[[Institutional ]]
*[[Monetary]]
*[[Monetary]]
*[[Monetary financial institution]]   
*[[Non-bank financial intermediaries]]  (NBFIs)
*[[Non-bank financial institutions]] (NBFIs)
*[[Reserves]]


[[Category:Long_term_funding]]
[[Category:Long_term_funding]]

Latest revision as of 04:21, 6 February 2024

Monetary Financial Institutions (MFIs) are central banks and other institutions whose business is to take deposits and/or close substitutes for deposits from entities other than MFIs and, for their own account (at least in economic terms), to grant credits and/or make investments in securities.


In many contexts, MFIs exclude central banks.

For example, the Bank of England publishes statistics under the heading "Monetary financial institutions (excluding central bank) balance sheet".

But conversationally and informally central banks are taken as being "MFIs".


Here as elsewhere, consistency and transparency of definitions are essential for the avoidance of doubt.


See also