Is the modern, bank-light financial system better than the old one?
Brace for a stress test
THE PARALLELS between rollercoasters and financial markets are plentiful. Both go up, both go down. A mountain-high climb is often followed by a stomach-churning plunge. And, on reaching the peak, some riders start to wonder whether they will make it off alive.
This article appeared in the Finance & economics section of the print edition under the headline “What goes up”
Finance & economics February 12th 2022
- Is the modern, bank-light financial system better than the old one?
- Who buys the dirty energy assets public companies no longer want?
- How unlisted startups’ valuations will adjust to falling share prices
- Asia is not feeling the same price pressures as the West
- China does not always collect its debts on time
- The promise of former eastern-bloc economies is mostly unfulfilled
From the February 12th 2022 edition
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