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You make the training as close to the real thing as you can. Grueling training exercises, live fire with heavy artillery over your heads as you advance, and so on.
What the central bank equivalence of this would be, I do not know. Peak oil is not an energy crisis. It is a liquid fuel crisis.
- Jake Friends come and go. Enemies accumulate.
:-) She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre
Starvid wanted an example of a live-fire exercise. Simulating the reaction to a 1997 SE Asia style collapse would be an excellent exercise for a central banker.
It also provides a more graceful out for the people who didn't see the crash coming. Rather than having to discard their entire academic career because it's garbage, they can say "well, I sure didn't see that coming, but let's update out scenarios to make sure we'll be ready to deal with it next time." While not as viscerally satisfying as purging the morons, it would go a long way towards improving the financial regulator's combat readiness.
what is the equivalent of Wall St. in the EU?
are there parallels with the ECB? 'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty
(even if you obviously will learn some good things) Peak oil is not an energy crisis. It is a liquid fuel crisis.
What the central bank equivalence of this would be, I do not know.
maybe just studying history would be enough!
i am watching a doc on arte about how the germans held up the french franc for a year in '93, and protected it from speculators.
fascinating... 'The history of public debt is full of irony. It rarely follows our ideas of order and justice.' Thomas Piketty
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