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Why don't we just let bank debt (such as notes or deposits) fluctuate in value, the way we let stock market prices or many other
Why don't we just let bank debt (such as notes or deposits) fluctuate in value, the way we let stock market prices or many other assets fluctuate in value?\ What is a clearing house? How did they act to help mitigate or stop financial crises? Did they work?\ What is a credit boom?\ Is there a link between credit booms and asset bubbles?\ Is there a link between credit booms and financial crises?
Why don't we just let bank debt (such as notes or deposits) fluctuate in value, the way we let stock market prices or many other assets fluctuate in value?\ What is a clearing house? How did they act to help mitigate or stop financial crises? Did they work?\ What is a credit boom?\ Is there a link between credit booms and asset bubbles?\ Is there a link between credit booms and financial crises?
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