Interest rates can’t go down fast enough for Canadian banks, as the number of bankruptcies and bad loans banks have to pay for on their side of the ledger should decrease as cheaper credit options become available. Banks also tend to reduce their lending rates slower than the Bank of ...
two in 2023, three in 2024, etc., all the way out to the year 2071. Obviously, waiting for these long-dated gilts to roll off when they mature would require a lot of patience. So the BOE has been selling bits and pieces of each ...
, BANIF, and BES (Lopes and Frade 2012). More recently, in 2023, the bankruptcies of Silicon Valley Bank in the US and Credit Suisse in Switzerland once again brought turbulence and uncertainty to the market. These events created shock waves in the global banking sector, impacting other ...