4min chapter

The Rational Reminder Podcast cover image

Bank Runs (plus Jonathan Clements on "My Money Journey") (EP.247)

The Rational Reminder Podcast

CHAPTER

The Role of Banks in the Economy

The definition of a risk-free asset depends on your liabilities. Different assets are risky or safe, depending on your time horizon. Long-term investors would expect to lose purchasing power more frequently in short-term bills than in long-term bonds. John Campbell will be talking about the term structure of risk in assets next week.

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