The Ripple Effects of Frozen Money Markets |
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The Ripple Effects of Frozen Money Markets Latest evidence indicates that a thaw of frozen money markets is not around the corner. The spread between the 3-month Libor and the 3-month Treasury bill rate (see chart 1) is scaling new heights everyday. This reflects the intensity of suspicion about what is contained on the balance sheets of institutions. The reach of this frozen money market is far and wide because it affects everyday activities of the economy. The cost of inter bank borrowing
Filed under: Fundamental
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