The Curious Case Of Liquidity Traps And Missing Collateral - Part 1
The debate is on! Are we in a liquidity trap and if so what should we do? Why is the financial system depleted of collateral and what does this mean? Should policy makers and central banks be even more "irresponsible" (1) and conduct more monitised deficit spending? What does a lack of triple A rated/safe haven securities mean and is it real? [More...]
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