Detail Contagion? What Contagion; American Banks   Oleh:  [s.n] Jenis: Article from Bulletin/Magazine Dalam koleksi: The Economist (http://search.proquest.com/) vol. 401 no. 8762 (Dec. 2011), page 80-81. Topik: Monetary Policy; Economic Crisis; Banking Industry Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: EE29.69 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel The financial crisis of 2008 mowed down banks in America and Europe with equal abandon. Not so this year's upheaval. European banks, struggling to fund themselves, are tightening credit. American banks are eager to lend, albeit not to Europe. Their loan growth this quarter will the fastest since mid-2008, reckons Nomura, a bank. This is partly because America's banks are reasonably healthy. They have significantly bolstered capital since 2008 and now boast core capital of 9% of assets, well above regulatory requirements. While many European banks held dangerous quantities of American mortgages in 2008, American banks today have relatively little exposure to Europe's troubled sovereigns. For the five biggest, total exposure to Greece, Ireland, Italy, Portugal and Spain (net of hedges) ranges from $16 billion at Citigroup, or 14% of core capital, to $2.5 billion at Goldman Sachs, or less than 5%, according to Peter Nerby of Moody's, a credit-rating agency. (But if France gets into trouble, that would be a far bigger problem.) Yet the least appreciated virtue of America's banking system is that it is drowning in dollars, the byproduct of the Federal Reserve's efforts to kickstart the economy through "quantitative easing". Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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