Browsing Tag

bank run

The problem at euro banks

As the Brexit worries began two weeks ago, I flagged Italian banks - more than the UK economy - as one of my principle concerns, because of the potential to cause systemic damage to the euro system. And now the contagion is spreading, with…

The Chinese credit crisis gets messy

No one has denied that China was overdue for a credit shakeout due to the Chinese government’s desire to stem excess credit growth as the economy rebalances. The question has always been about how much of a shakeout Chinese policy makers…

Anatomy of a bank run

In my last post, I argued that enforced separation of investment banking and commercial banking would not eliminate the need to provide central bank support to investment banks and other non-banks in the event of another Lehman-type…
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