News
Bloomberg | IMF Says European Banks May Have to Sell $3.8 Trillion in Assets
European banks could be forced to sell as much as $3.8 trillion in assets through 2013 and curb lending if governments fall short of their pledges to stem the sovereign debt crisis or face a shock their firewall can’t contain, the International Monetary Fund said.
Blogs
Economist | The buck shrinks here
Prior to the Great Recession (or, to be perfectly accurate, prior to the Japanese doldrums of the 1990s) there was wide agreement that central banks can, should, and would do all the demand-side macroeconomic stabilisation an economy might need.
