Central banks as 'pawnbrokers'

A lot of effort goes into sustaining what Mervyn King calls the "alchemy" of modern monetary and banking systems in his latest book

Suyash Rai Business Standard

THE END OF ALCHEMYMoney, Banking, and the Future of the Global EconomyMervyn KingW W Norton368 pages; $28.95Running or regulating a bank is not for the faint hearted. Banks raise most of their resourc

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First Published: Jul 05 2016 | 9:30 PM IST

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