Around the world 1115 Public Banks (owned by the state) have assets of over $91 trillion... whether they act in the interests of the public is at least partly shaped by whether there is any form of democratic accountability.
However, it is very much a mixed ecology with a range of missions and foci.... this helpful two page briefing lays out the shape of the sector for those who are less familiar with these institutions.
#economics #PublicBanks #democracy
https://publicbanking.mcmaster.ca/app/uploads/2024/09/PBP_EB_2024_02.pdf
Emeritus Prof Christopher May /
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2024-10-24 05:28:49
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2024-10-24 05:28:49Event JSON
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