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Stretching east beyond it lies the narrow bank of the lagoon, which is fringed with more sandy shores.
I walked a narrow bank, the mill race on one side and a steep drop to the swirling Sprint on the other.
Yet the bank still has to find suitable borrowers if it is not, like National Commercial Bank, to be stuck with a 2% net return.It appears that the Albanians have reinvented the "narrow bank", which takes deposits and invests only in "risk-free" assets.
Some are seizing upon esoterica — 'The Narrow Bank' arbitrages the US Federal Reserve deposit rate for corporate depositors.
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Narrow banks are even more vulnerable than banks that can spread risk using a portfolio.
The way forward: restore narrow banking We need to restore narrow banking – to ensure that the casino cannot again jeopardise the utility.
Even narrow banking, one fears, would be subject to this problem.
As for narrow banks, precisely which bit is too important to fail?
Well, I think its worth reintroducting the idea of "narrow banking," which underpinned Glass Steagall.
But for every advocate of narrow banking, there's someone else who praises the role banking plays in society.
New "narrow" banks would be guaranteed a seat in the lifeboat by the state and heavily regulated for the privilege.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com