TLDR: Cbankers’ enthusiastic embrace of prepositioning points to growing acceptance of former BoE governor Lord Mervyn King’s ‘Pawnbroker For All Seasons” model. But some worry it might have grave consequences for free markets. There’s a quiet revolution happening at the heart of central banking, but you wouldn’t necessarily know it. On the surface, the inconspicuous […]
Spotlights content is for Premium Plus members only.
Please log in or go to your account to upgrade your subscription.
To subscribe go to the subscription page.
For 24 Hour Full Access click here
