Need brief answers for the below questions from the book Hubbard, R.G., O’Brien, A.P. (2022). Money, Banking, and the Financial System 4th ed. New York, NY: Pearson Education.
- the basic operations of a commercial bank.
- the connection between the shadow banking system and systemic risk.
- What are financial crises, and what causes them?
- How do banks and non-bank public actions affect the money multiplier?
- the role of monetary targeting in monetary policy,
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