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"This is certainly new territory," said Pete Hahn, a banking professor at Cass Business School in London.
Even as C.E.O., said Tony Plath, a banking professor at the University of North Carolina-Charlotte, "His capability was operations.
"A lot of what Metro Bank has come up with, other banks have copied," said Peter Hahn, a banking professor at Cass Business School in London.
"There's a strong belief that the country's public debt is not under control," said Stefano Caselli, a banking professor at Bocconi University in Milan.
Robert Tornabell, banking professor at the Esade business school, said that "it is an important symbol, however small the amount, that some of the money could be used to buy sovereign bonds in the primary and secondary markets".
Joseph Mason, a banking professor at Louisiana State University, who has studied these loans, said that about 75percentt of borrowers who took them out fell into that category.
Similar(47)
During the post-2008 enmitowardard banks, Professor Lee said, Mr. Carney acted as the country's "voice of reason".
"The practical intertwining of money markets and capital markets is the defining institutional feature of the American system, and that feature requires a similarly integrated backstop by the central bank," Professor Mehrling wrote.
José Antonio Ocampo is codirector of Banco de la Republica (Colombia's central bank), professor in the School of International and Public Affairs (on leave for public service), and copresident of the Initiative for Policy Dialogue at Columbia University.
Even the avuncular governor of the Irish central bank, Professor Patrick Honohan, was forced to admit that pumping up to €70bn of taxpayers' money into the ruined banks "doesn't score highly on fairness" when he announced the fifth bailout on Thursday.
"One area the attorney general should be concerned about is securities fraud at the core of our investment banking system," Professor Coffee said.
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