The traditional theory of the banking firm explicitly talks about 'delegated monitoring' as a model defining characteristic of commercial banking. The presumed behaviour of the depositor in the model is value- and impact neutral. And this is exactly how the average depositor behaves. Values based commercial banking aims at changing depositor behaviour with the objective of channeling intermediated investments into impact financing.
06-11-2019 13:30 - 14:15Hosted by: Gábor Pozsonyi
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