Capital Maintenance in Units of Constant Purchasing Power in terms of the Daily CPI
A negative interest rate is impossible under CMUCPP in terms of the Daily CPI.
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Basel III maintains the financial-capital-maintenance-in-nominal-monetary-units fallacy
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Showing posts with label
Basel III maintains the financial-capital-maintenance-in-nominal-monetary-units fallacy
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Wednesday 15 September 2010
Basel III maintains the financial-capital-maintenance-in-nominal-monetary-units fallacy
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Banking regulation is about banks having sufficient capital and maintaining that capital adequacy ratio during inflation and deflation. Ho...
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