Friday, Oct 02, 2009
Capital reserves vs cash reserves
Greg Pytel: author of expert evidence published by HoC Treasury Committee: Economic world remains confused
Well worth reading to understand the fundamental difference between capital reserves and cash reserves. It explains why, despite the fact that banks held adequate capital reserves, liquidity crisis happened.
Sometimes obvious things are the easiest to miss:-)
Posted by ant @ 01:44 PM (181 views) Add Comment
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