1.3 Importance of Banking System

The economy's engine-room (the essay's craft): the capital's allocation (the savings to the productive uses — the growth's fuel); the payments' infrastructure (the deposits' transfer — the commerce's blood); the monetary policy's transmission (the central bank's signals through the banks — the economy's steering); the credit's discipline (the screening-and-monitoring — the capital's quality control); the financial inclusion (the access-to-finance — the development's democratic face); the confidence's system (the trust — the banking's whole edifice on the depositors' belief: the bank run's lesson — the stability's priority).