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Rediscovering Minsky's wheel, one pundit at a time | 77 comments (77 topical, editorial, 0 hidden)
Re: But isn't that (none / 1)
Let me rephrase...

Suppose that the repo haircut is x. Then, in order to cover 100 worth of deposits you have to repo 100/(1-x) worth of eligible assets.

In my example x is 5% so I made a mistake of about 0.25%...

Economics is politics by other means

by Carrie (migeru at eurotrib dot com) on Tue May 10th, 2011 at 04:23:36 PM EST
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Rediscovering Minsky's wheel, one pundit at a time | 77 comments (77 topical, 0 editorial, 0 hidden)
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