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Given the narrow fund balance restriction, if districts did not budget conservatively, they could too easily fall into a deficit position, thereby jeopardizing their standing in the credit markets on which they so heavily rely for cash flow needs.
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Those narrow funding banks would be the only buyers of securitizations; other investors could buy notes issued by the new banks.
Sally Chisholm of the NHS Technology Adoption Centre blamed "budget silos", as narrow funding streams often present financial disincentives to changing the way of working.
They would establish a new category of financial institution, "narrow funding banks," which would bring securitization under the regulatory umbrella and assure that all repos were backed by high-quality paper.
Institutions that depend on narrow funding sources face special problems.
Narrow funds might nonetheless have a certain utility for taxable investors, even those who believe that it's hard to beat the market.
The third and most serious problem is the narrow funding base for PPPs.
But some of the smallest and narrowest funds gained more than 20percentt.
He warned against "Robin Hood-style raids" (particularly when it comes to trying to right regional inequalities ), which might "hollow out key institutions across the country", suggesting that what is required is a whole ecologically networked approach that reduces the "rush through the narrowing funding doors".
Once you have established a few top values, you may narrow your fund choices down to a few select funds whose values closely match your own.
Lenders scrambled to borrow money at higher prices, or cut their lending to narrow the funding gap.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com