Abstract
As Martin Wolf, the Financial Times economist, said on February 5, 2008, ‘unless we learn from this crisis, another one will put the world economy back on to the rocks in the not too distant future’. This is no time for tunnel-visioned ideologies. It is a time for pragmatism based on experience gained through the most recent and previous crises.
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Notes
Milton Friedman. Dollars and Deficits. Prentice-Hall, EngIewood Cliffs, NJ, 1968.
D. N. Chorafas, Financial Boom and Gloom: The Credit and Banking Crisis of 2007–9 and Beyond’, Palgrave Macmillan, Basingstoke, 2009.
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© 2012 Dimitris N. Chorafas
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Chorafas, D.N. (2012). Capital Adequacy and Liquidity: the Devil is in Their Detail. In: Basel III, the Devil and Global Banking. Palgrave Macmillan Studies in Banking and Financial Institutions. Palgrave Macmillan, London. https://doi.org/10.1057/9780230358423_6
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DOI: https://doi.org/10.1057/9780230358423_6
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-34610-3
Online ISBN: 978-0-230-35842-3
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