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| Non-bank financial intermediation: The case for a macroprudential framework Financial stability tends to rely progressively more on markets' ability to manage risks rather than on the capital position of individual banks. The shift of ...
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| Waiting for the 'normal' stock market to return? Don't hold your breath ... Federal Reserve and U.S. government. They believe stock market prices and valuations are artificially high, driven by artificially low interest rates.
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| Time for the Fed to take away the punchbowl One sign that the party is already getting out of hand is seen in the bubbles forming in the equity and bond markets. Fueled by the Fed's ultra-low ...
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