Month: May 2013
Running low on foreign reserves, Argentina is making it increasingly difficult for Argentines to purchase US dollars, which has widened the gap between the official exchange-rate and the black-market rate. And that has caused Argentines to make offshore purchases with…
The Brown-Vitter proposal to force banks with assets over $500 billion to hold roughly double the capital of smaller banks, is overly simplistic. Big banks should be forced to hold extra capital to eliminate any “Too Big to Fail” funding…
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