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The Central Bank should have a permanent window for discounting high quality securities where banks could go and discount these. It gives peace of mind to the banks. In the absence of this facility, what banks tend to do is to keep a liquidity cushion for emergency requirements. This is a very expensive way of managing liquidity
November 28, 2014
Whenever you have a crisis, you’re always going to have the extremists taking advantage of the situation
November 27, 2014
It’s so important to realize that every time you get upset,
September 9, 2019