Worldview — the power of central banks
The EI Podcast
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The Lessons for Central Banks
When the banking system gets into difficulty, the central bank is drawn in because of its role as a lender of last resort. I think we've created this horrendous bureaucratic set of regulations, tens of thousands of pages and yet, banks will still fail. We haven't got to the final stepping stone yet for a sensible regulatory system," says Lord King.
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