Central Bank prudential supervision of financial institutions based on the advices from the Basel Committee is one of the three pillars of a stable financial system. The new Basel Committee… read more →
Money is important for our economies as oil is for an engine. Too little of it has devastating effects. A bit extra (say 2%) makes it possible for the engine… read more →
During my finance studies in the 80-ies, I learned about the Efficient Market Hypothesis. This Hypothesis is about the reflection of market information in prices of securities traded on the… read more →
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