Systemic risk: Difference between revisions
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{{a| | {{a|crr|}}{{quote|[[Safe asset]]s are much riskier than risky ones. This is I think the deep lesson of the [[global financial crisis|2008 financial crisis]], and [[crypto]] loves re-learning the lessons of traditional finance. Systemic risks live in safe assets. | ||
:— Matt Levine, 2022}} | :— Matt Levine, 2022}} |
Latest revision as of 09:47, 21 March 2023
Regulatory Capital Anatomy™
The JC’s untutored thoughts on how bank capital works.
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Safe assets are much riskier than risky ones. This is I think the deep lesson of the 2008 financial crisis, and crypto loves re-learning the lessons of traditional finance. Systemic risks live in safe assets.
- — Matt Levine, 2022