Fallout of Intervention I — Maintaining Financial Stability
How many finance ministers would voluntarily go down on bended knee(s) before senior lawmakers to facilitate the passage of a bill, aimed at rescuing their nation’s financial system from imminent disaster? Sounds like the type of uncouth, certainly undiplomatic, behaviour associated with hapless third world officials kowtowing to condescending foreign creditors and the IMF, one would imagine. Well, think again.
KeywordsCorporate Governance Banking Sector Private Equity Financial Stability Banking Institution
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