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Lessons from Banking History

—EconLog

(November 12, 2009 10:40 AM, by Arnold Kling) Piergiorgio Alessandri and Andrew G. Haldane write, Historically, the link between the state and the banking system has been umbilical. Starting with the first Italian banking houses in the 13th century, banks were financiers of the sovereign. Sovereign need was... [...]

Posted: November 12, 2009, 5:40am EST
by Arnold Kling

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U.K.: Bank of England Warns of "Doom Loop"

—Calculated Risk

Number of comments: 0
From The Telegraph: Bank of England says financiers are fuelling an economic 'doom loop' On the eve of the G20 meeting of finance ministers in Scotland, Andy Haldane, the Bank's executive director for financial stability warned that the relationship between the state and banks represents a "doom loop" which [...]

Posted: November 07, 2009, 9:08am EST
by CalculatedRisk

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