Word: financees
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But banks also borrow on wholesale markets, mainly by issuing bonds. About $2.6 trillion of bank funding in the U.S., 20% of the total, comes from such debt securities, according to the FDIC. At the most troubled of the big banks, Citigroup, the figure is 27%. (Citi's domestic depositors...
And yet, although we need stronger international regulatory institutions, especially for finance, the onus for creating those is on national governments of the developed world (more nationalism). Right now, international institutions are paradoxically both indispensable and ineffective. They can’t set up the new architecture. Strong states must...
“You can spend an afternoon reading ‘Accounting for Dummies’ and learn the accounting if you’ve first taken Ec 10 and 1010 from us,” says Miron. “And so it’s a much...
While undergraduates might appreciate their liberal arts education, Ager says that students may be unprepared to enter the workforce due to the lack of business classes at Harvard. “It’s very foolish to think that anybody could start any sort of enterprise without having some...
"We should identify what are the limits of the concessions the government is willing to give," says Anwar-ul-Haq Ahadi, a former Finance Minister who is now running against Karzai for President. "Probably they will have some demands of their own, and we might have to be more accepting...