Randomness (r_ness) wrote,
Randomness
r_ness

From http://piaohaoreport.sampasite.com/china-financial-markets/blog/Is-China-safe.htm:
In fact one of the “obvious” solutions to this year’s crisis – force unstable investment banks to become part of stable commercial banks – is exactly the opposite of the solution proposed for the 1929-31 crisis – separate commercial banks from investment banks. Clearly our analytic framework leaves something to be desired if these two very opposite solutions can be proposed for the same problem.
Tags: money
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