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Artha Vijnana: Journal of The Gokhale Institute of Politics and Economics, Vol 30, No 1 (1988), Pagination: 75-88
Abstract
The literature on the role and importance of commercial banks as part of the financial system has been extensive. Commercial banks have been accorded a special place among the class of financial intermediaries because their liabilities, especially demand deposits, possess the characteristic of 'moneyness' and hence are distinct from the liabilities of other financial intermediaries.