Term:
Banks - IMF
Definition:
Banks comprise all units that engage in financial intermediation as their principal activity and have liabilities in the form of deposits or financial instruments (such as short-term certificates of deposit) that are close substitutes for deposits
Domain:
Finance
Source:
External Debt Statistics: Guide for Compilers and Users (Draft), IMF, Washington DC, March 2000, Appendix III, Glossary of Terms
