2min chapter

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Maroon Macro: All They Told You About Money Printing is Wrong

Market Depth

CHAPTER

What's the Difference Between Reserves and Hypoticated Collateral?

Sultan posar: By flooding the system with more access reserves, banks are somehow encouraged to go down the risk a curve. So they buy more risky rosets, perhaps. And then er leads into a credit compression, volatility compression,. It's much more difficult than second and third round ef fects, and difficult to measure whether the wealth effect of te can nacturally be measured in a very close way.

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