Central Bank Cash May Hamper Money Markets, BIS Says
(Update1) 2008-12-08 11:13:00.160 GMT By Kim-Mai Cutler
I was talking about crowding out back in October, both in the usual sense but also in terms of crowding out the mechanisms of capital allocation andformation. It looks like the BIS has come to the same conclusion, a month and a half later.
JRB
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