New deposits backed by central bank money could solve public mistrust
The case for a new breed of deposits backed by central bank reserves
The recent implementation of bail-ins in the resolution of four regional banks in Italy has – as expected – given rise to harsh criticism in the country. The backlash is linked to two main issues:
the balance between preserving a competitive banking market free of public interference, while avoiding crises of confidence in the banking system. public awareness of the risks of different forms of investment when entrusting a bank with their money.These two issues also reflect the basic
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