Alfonso Peccatiello (Alf) on Money Printing, US Risks and ECB Surprises
Macro Hive Conversations With Bilal Hafeez
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Expanding the Commercial Bank Balance Sheet
Banks don't look at the amount reserves they have out there before deciding whether they will lend money to billal or alf. So what we care about here is commercial bank, regular banks, balance sheet to be expanded. That's a true measure of credit entering the real economy. And that's when it gets on to the on the guis on the street.
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