Bank stress tests don't pick up wider economic impacts of a dairy collapse
If the value of dairy farms drops 40%, the rest of the economy is also likely to be in dire straits and banks would probably be facing a funding crisis. With special audio feature.
Jenny Ruth Fri, 18 Mar 2016
If the value of dairy farms drops 40%, the rest of the economy is also likely to be in dire straits and banks would probably be facing a funding crisis.
That’s the view of Harbour Asset Management director Christian Hawkesby who worked for Britain’s central bank, the Bank of England, for nine
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