Random Links XXVII
India Bank Regulation:
Bank Recapitalization Debated:
Asymmetric Information, Ratings, & Guarantees:
Thoma (first couple links, above) brings up an important point: even after we put down insolvent banks, it will likely take some time before credit begins flowing normally once again. During that time, government assistance to solvent banks might be necessary IOT get the latter lending again.
Japan Downfall, Illustrated: