This article continues my sequence of articles on central banks as banks, which is projected to be a chapter in my banking manuscript.
Admire your write up and just ordered Understanding Government Finance. Thank you sir!
Thanks!
Typo? Or I think so:
can assume that a certain amount of its liabilities are “sticky” and so it does need 100% of assets to be short duration.-->should be-->doesn't [need 100%]
Yes, typo. I edited the sentence and missed that I inverted the logic. Thanks.
Admire your write up and just ordered Understanding Government Finance. Thank you sir!
Thanks!
Typo? Or I think so:
can assume that a certain amount of its liabilities are “sticky” and so it does need 100% of assets to be short duration.-->should be-->doesn't [need 100%]
Yes, typo. I edited the sentence and missed that I inverted the logic. Thanks.