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In its calculations of nonborrowed reserves, the Fed included in borrowed reserves new forms of bank borrowing not being held as reserves.
Even so, regulators reckon that on balance the growth of markets has been a good thing, making the financial system safer than more traditional forms of bank lending.
A few weeks ago its clumsy attempt to restrain dodgier forms of bank lending led to a bout of market panic.
In the wake of the carnage in last week's markets, European countries pledged to inject capital into ailing banks and guarantee some forms of bank debt, a step analysts said was critical to restoring lending between banks and easing a crisis of confidence.
But to penetrate the details to the point that you can see the commonalities between, say, different forms of bank money, so you can see what's really going on, requires an understanding of the institutional detail which is not, I think, widely appreciated.
Over this period, governments in many foreign countries also announced plans to stabilize their financial institutions, including through large-scale capital injections, expansions of deposit insurance, and guarantees of some forms of bank debt.
Similar(54)
But the political pressures on pay and other forms of bank-bashing in Britain and, to a lesser extent, America are driving some financiers overseas.
He has promised to put more emphasis on traditional forms of banking, like providing advice and lending to midsize businesses.
(d Person or persons means an individual or individuals, or an organization or organizations, whether incorporated or not, including all forms of banking institutions.
The most effective way to minimize the distortions is to isolate government-insured banking from all other forms of banking and financial services.
And one can only wish that other senior bankers had spent the last few decades applying their spare brainpower to crosswords rather than to innovative and world-damaging new forms of banking.
More suggestions(18)
forms of account
forms of ecb
forms of credit
measures of bank
years of bank
forms of settlement
forms of loan
forms of transaction
works of bank
basis of bank
forms of savings
forms of funding
forms of expression
forms of leadership
forms of redistribution
forms of discrimination
forms of voluntarism
forms of illness
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Justyna Jupowicz-Kozak
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