Very interesting. To Amir's question - I guess there can be policy-induced credit booms (e.g. relaxation of bank capital requirements?) or perhaps market induced ones ... (e.g. markets feeling more relaxed towards a reduction in banks' capital ratios.
Very interesting. To Amir's question - I guess there can be policy-induced credit booms (e.g. relaxation of bank capital requirements?) or perhaps market induced ones ... (e.g. markets feeling more relaxed towards a reduction in banks' capital ratios.
Amir Sufi was excellent in the articulation.