Blundell-Wignall, Adrian; Atkinson, Paul E.; Roulet, … - In: National Institute Economic Review 221 (2012) 1, pp. 31-31
This paper looks at the urgent and ongoing need to change the business models of global systemically important banks — particularly those that dominate the OTC derivatives markets which carry massive counterparty risk via collateralisation practices. It explores the three main lessons of...