Liquidity, Solvency and Acute vs. Chronic Banking Systems [View article]
my own thought in terms of replacement operators are private credit providers. Eventually they would morph into banks. Think of the trading houses and agents in Japan.
It would be in efficient and fragile, but evolve and become robust. The current fix may not create a robust system, but rather maintain a chronic one that is systemically beyond recovery.
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Banking Won't Be Fun for a While [View article]
Liquidity, Solvency and Acute vs. Chronic Banking Systems [View article]
It would be in efficient and fragile, but evolve and become robust. The current fix may not create a robust system, but rather maintain a chronic one that is systemically beyond recovery.
Is the U.S. Banking System Safe? [View article]
How Ivory Tower Economists Created the Housing Bubble [View article]