Banking used to be seen as a staid profession, but during the latter part of the twentieth century it became the hottest destination for graduates. Partly because of this, the number of students studying economics in sixth form and at university has undergone a significant increase. Conversations about banking now seem to be part of everyday life.
This article focuses on the corporate banking sector, that is to say, banks that are not central banks. In particular, I am going to explain two key roles of corporate or high street banks — their role in disseminating the effects of central bank monetary policy, and their role in rationing credit (the supply of loans to firms or individuals).
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