Throughout history, societies have faced the perils of mounting debt and potential social upheaval. These crises have led ancient rulers in Babylon to introduce debt jubilees to alleviate the burden of indebtedness and prevent violent revolts. In today’s modern...
One of the most vital pieces of plumbing that powers the global financial system usually runs so smoothly that it gets overlooked by market watchers. It’s the “repo market,” comprising the short-term funding that banks and financial counter-parties regularly tap to...