Kudos to the Reserve Bank for publishing this paper in 2005 when just about nobody else was contemplating financial disaster.
The paper Containing a Systemic Crisis: Relicensing vs Blanket Guarantees authored by Edward Kane (with Daniela Klingebiel) was written in boom times and probably widely ignored. I must
<i>Inside Money</i>: When good guarantees turn bad
Professor Edward Kane. Photo / Supplied
Opinion by
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