Will financial market reforms reduce the impact of another global shock?
Unintended consequences from some global banking reforms include higher borrowing costs and less liquidity.
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The critical state is illustrated by Yellowstone National Park, where lightning would cause several hundred forest fires a year. Most would burn a few acres or less, while a small number would destroy a few hundred or more acres of forest.
For many years, park authorities adopted a zero
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Nigel Annett
Fri, 24 Mar 2017
Fri, 24 Mar 2017
© All content copyright NBR. Do not reproduce in any form without permission, even if you have a paid subscription.
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Will financial market reforms reduce the impact of another global shock?
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