why commercial banks become more leveraged during the upswing and less leveraged during the downswing of a credit cycle.

the role of central banks elasticity currency policy in the cash funding with specific reference to how elasticity lessens sanctions.

discuss how currency elasticity loosens constraints on the balance sheet growth of banks.

discuss how the balance sheet constraints are relaxed under a contemporary fiat money system.

difference between micro prudential and macro prudential with special reference to the lessons learnt from the subprime crisis

suggest which types of macroprudential regulation show the most promise in containing banking instability and why