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Frank Schaeffler

For Frank Schaeffler's latest contributions to The Japan Times, see below:

/ Aug 21, 2012

Calling the banks' bluff that they cannot perish

The G-20's decision in November 2008 not to let any systemically relevant bank perish may have seemed wise at the time, given the threat of a global financial meltdown. But that decision, and bad policies by central banks and governments since then, has given over-indebted ...