Detail Fighting for Its Life; The Euro-zone Crisis   Oleh:  [s.n] Jenis: Article from Bulletin/Magazine Dalam koleksi: The Economist (http://search.proquest.com/) vol. 400 no. 8751 (Sep. 2011), page 63-64. Topik: Economic Conditions; Economic Policy; Banking Industry; Credit Ratings Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.68 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel What's the French for "this sucker could go down"? Echoes of 2008, when the global financial system wobbled and George Bush gave his pithy view of the American economy, now resound on the other side of the Atlantic. Credit-default-swap spreads for European banks, a measure of how costly it is to buy insurance against their default, are at record highs. The rates that banks charge each other for loans in the interbank market are rising, too, as they did then. Rumours swirl and panic flares. The French banks' reliance on short-term dollar funding, which American money-market funds are increasingly leery of providing, is one reason why Moody's, a ratings agency, downgraded Societe Generale on September 14th, though exposure to sovereign default is also a key factor. Meanwhile large banks in Germany, Switzerland and Britain have more cash than they can put to good use as corporate customers shift their deposits from weaker countries or smaller banks. The beneficiaries are loth to tie the cash up in long-term loans because they fear that the flows could reverse at any moment. "It's hot money," says one bank chairman. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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