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I only skimmed the paper, but it seems to me that the authors' concern is for runs on the smaller banks.
by jdc 9y ago
I only skimmed the paper, but it seems to me that the authors' concern is for runs on the smaller banks.
- thathappened 9y agoReads like the smaller banks buffer a run on the central bank and there's no buffers on digital because it's 24/7 and no centralized control.