Jerry Caprio and Ila Patnaik, at two ends of the world, on the same subject.
The UK Special Resolution Regime has excellent documentation on the web.
There is a lot of talk in India about financial stability, where basic ideas are distorted to defend the [...]
:: Friday, March 19, 2010
“To some extent, commercial bankers lend out their own capital and money acquired by CDs (certificates of deposit). But most commercial banking is “deposit banking” based on a gigantic scam: the idea, which most depositors believe, that their money is down at the bank, ready to be redeemed in cash at any time. If Jim [...]
Subscribe
Blogs RSS feeds [What's this?]Get Our Blogs in Your Inbox
Categories
Latest Posts
Blogroll
Calendar
Copyright © 2009 Citizen Economists. All rights reserved.
