Amwelladmin
Created page with "===Prologue: ''bank'' economics=== Consider how a traditional bank makes money: on one side it has a loan book, usually in the shape of mortgages, on the other side it accepts customer deposits.<ref>And may enter into other forms of term borrowing in the financial markets such as by issuing commercial paper, bonds and so on.</ref> To make money it must ensure its total ''income'' on its loans (interest, after credit losses) exceeds its total ''costs'' of running the busi..."