martedì, 24 ottobre 2017

Banche e Finanza

Banche e Finanza

The European central bank recently adopted a non-accommodating policy towards the liquidity requirements of Greek banks in difficulty. Many commentators however have pointed out that it acted in violation of the Bagehot rule, which says the role of the central bank should be provide liquidity to commercial banks considered illiquid but not insolvent.

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