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John Kay and Mervyn King on Radical Uncertainty
EconTalk
What Level of Capital Should Banks Have?
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Vale at risk maudley's data went into it from a historic e set that did not have, and could not have, the extreme events which gave rise to the crisis in it. So i don't know what level of capital banks should have. I don't believe anyone can sensibly clansify. And we dond spell up as i'm sure you done it before.
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