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A quick question re bank reserve ratios..

  • 08-01-2010 11:49am
    #1
    [Deleted User]
    Posts: 0 ✭


    Could someone clear this up for me please..

    Did the powers that be in this country deregulate banking reserve ratios, as they did in the US, or was it just a byproduct of joining the euro??..


Comments

  • #2
    ei.sdraob
    Closed Accounts Posts: 9,376 ✭✭✭ei.sdraob


    CQD wrote: »
    Could someone clear this up for me please..

    Did the powers that be in this country deregulate banking reserve ratios, as they did in the US, or was it just a byproduct of joining the euro??..

    nothing to do with euro, we would have been in deeper **** without it (see Iceland)

    read on this > http://en.wikipedia.org/wiki/Basel_II_Accord
    almost all countries loosened reserve ratios

    to add to tragedy the financial regulator did not do its job at all here in ireland


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