Excess hot potatoes
Curve Your Enthusiasm
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Navigating Financial Fluidity
This chapter explores Quora's recent financial decisions and their impact on market stability and banking practices. It discusses the shift from a system of ample reserves to one that emphasizes active cash flow management, highlighting the operational challenges and motivations of banks. The conversation also delves into strategies for effectively mobilizing excess cash, such as utilizing the repo market and investing in Treasury bills, emphasizing the complexities of managing settlement balances in a dynamic economic landscape.
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