Banking Fraud is posing menace to Indian Financial system. The following two lectures lengthen the payments system frame to non-banks by bringing in repo markets, and to the worldwide financial system by bringing in Eurodollar markets. Here, as within the earlier two lectures, the emphasis is on settlement, and so implicitly on so-known as “funding liquidity”. The last three segments of the Eurodollar lecture, on the failure of two seemingly apparent arbitrage circumstances, are meant to encourage the shift to market-making and “market liquidity” within the next module.
The web consequence was spiralling inflation, company closures resulting in excessive unemployment, … Read More