Marat Markert
Twin-Shock of r% risk and sudden deposit outflows thanks to mobile banking would ignite a bank-sovereign doom-loop and deposits fleeing weaker countries to stronger ones? Well, who are the € area economies w banks that have massive long dated mortgages at low r% on their books…
May 3, 2023 at 9:50pmMastodon for iOS
Show threadMarat MarkertMay 3, 2023
…and vast majority of retail clients doing all their banking stuff via mobile banking?
Show threadMarat MarkertMay 3, 2023
We should entertain the idea that it might not be the same pattern as during the eurozone crisis, but this time the banking system in one of the “stronger” economies might come under stress.