Ouch! Famous last words from economic analysts: IMF edition

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 in Economics and public policy. Bookmark the permalink.
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments