Ouch! Famous last words from economic analysts: IMF edition
Posted by Nicholas Gruen on Tuesday, November 16, 2010
There is growing recognition that the dispersion of credit risk by banks to a broader and more diverse group of investors, rather than warehousing such risk on their balance sheets, has helped to make the banking and overall financial system more resilient.
The IMF, 2006 (pdf). HT @Crabbometer.
This entry was posted on Tuesday, November 16th, 2010 at 7:04 PM and filed under Economics and public policy.
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