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interest rates and banking risk is more complex. Ultimately, it depends on how much skin in the game banks have. The central … message of the paper is broadly complementary to those in the recent MCM board paper “Central Banking Lessons from the …
Persistent link: https://www.econbiz.de/10011123889
Persistent link: https://www.econbiz.de/10011245868
In response to the worst economic crisis since the 1930s, government budgets and central banks have provided substantial support for aggregate demand and for the financial sector. In the process, fiscal balances have deteriorated, government liabilities and central bank balance sheets have been...
Persistent link: https://www.econbiz.de/10010838010