When the financial system becomes searchable

When the financial system becomes searchable. Andreas Viljoen Financial crises rarely begin with one self-contained weakness. They emerge when vulnerabilities connect: leverage meets a margin call; a margin call meets an illiquid market; falling prices meet common collateral; and a funding concern becomes a run. Before the event, each link may sit in a different spreadsheet, institution or jurisdiction. Afterwards, the … Continue reading When the financial system becomes searchable →