3Novices:Failing banks must be allowed to fold before markets can regain sanity

It is impossible to accurately assess the fragility of the financial system during any given period. The history of financial crises suggests that the risks are the greatest after a long period of optimism.
The rapid expansion of credit relative to income or gross domestic product means that banks have taken on more risk. This accurately describes what happened during the 2009 financial crash and what China is trying to avoid. The entire behavioural and economic definitions of a bank run,…
June 15, 2017 at 10:53AM
#3Novices #News #OnlineMedia #China 3Novices China


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