Sure, but the regulatory authorities should just tell the banks what they can and can’t lend for. And if they violate their conditions, they lose their credit line to the central bank.
Sure, but the regulatory authorities should just tell the banks what they can and can’t lend for. And if they violate their conditions, they lose their credit line to the central bank.
Lecturer in Philosophy, University of St. Andrews — personal website: https://axdouglas.com/
Lecturer in Philosophy, University of St. Andrews — personal website: https://axdouglas.com/