Accountable Finance We Are The Voice Of The Accountable Finance Sector
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But a new paper by Roni Kisin and Asaf Manela of the Olin College of Company at Washington University in St. Louis exposes these arguments – utilizing banks’ own actions! They find that bankers’ own behavior suggests that they do not view debt as helpful – that the above advantages of debt are small in the real planet. Their identification is clever. They exploit the fact that, prior to the crisis, banks had access to a loophole – asset-backed industrial paper conduits (a kind of securitization) that permitted them to reduced their equity capital requirements by 90%.
In early July, it presented the results of the project, its initial such effort. Its information and models created a ranking of prime firms or economic institutions it contends are effective in attracting the very best talent. Some …
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