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PREFACE AND ACKNOWLEDGMENTS EDITOR'S INTRODUCTION INTRODUCTION 1. THE MONETARY POLICY OF THE UNITED STATES AFTER THE RECOVERY FROM THE 1920 CRISIS (1925) 2. SOM
Do Central Banks Need Capital?
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Central banks may operate perfectly well without capital as conventionally defined. A large negative net worth, however, is likely to compromise central bank in
International Convergence of Capital Measurement and Capital Standards
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Capitalism without Capital
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Early in the twenty-first century, a quiet revolution occurred. For the first time, the major developed economies began to invest more in intangible assets, lik
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A corporate speculator embraces a monetary assessment while choosing whether to put resources into substantial resources or different business. The speculator n