Citations: Matvos, Gregor, Greg Buchak, Tomasz Piskorski, Amit Seru. 2024. "Beyond the Balance Sheet Model of Banking: Implications for Bank Regulation and Monetary Policy". Journal of Political ...
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In other words, the balance sheet must balance. Subtracting liabilities from assets shows the net worth of the business A basic tenet of double-entry bookkeeping is that total assets (what a ...