Author here; this is the correct answer. The larger number refers to all banks. Deltec is known to be a domestic bank, so we can use the smaller number to get tighter uncertainty bounds on its currency flows.
Hi, I'm the author. > Money isn't created primarily because governments print it; whenever a bank creates a loan money is created, and when they call in loans money disappears. Yes this is right, and I am in fact aware…
Hi, I'm the author. Using a throwaway for all the obvious reasons. I'll try to dive into this thread over the next few hours to answer any questions folks may have about this. Please feel free to ask.
Author here; this is the correct answer. The larger number refers to all banks. Deltec is known to be a domestic bank, so we can use the smaller number to get tighter uncertainty bounds on its currency flows.
Hi, I'm the author. > Money isn't created primarily because governments print it; whenever a bank creates a loan money is created, and when they call in loans money disappears. Yes this is right, and I am in fact aware…
Hi, I'm the author. Using a throwaway for all the obvious reasons. I'll try to dive into this thread over the next few hours to answer any questions folks may have about this. Please feel free to ask.