Monetary financial institution: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Add link.) |
imported>Doug Williamson (Add links.) |
||
| (One intermediate revision by the same user not shown) | |||
| Line 16: | Line 16: | ||
*[[Central bank]] | *[[Central bank]] | ||
*[[Credit institution]] | *[[Credit institution]] | ||
* [[Financial]] | |||
*[[Financial institution]] | |||
*[[Institution ]] | *[[Institution ]] | ||
*[[Institutional ]] | *[[Institutional ]] | ||
*[[Monetary]] | |||
[[Category:Long_term_funding]] | [[Category:Long_term_funding]] | ||
Latest revision as of 00:31, 12 March 2023
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.
