Institutional Cash Pools
In the context of the 2023 banking turmoil, we are discussing Zoltan Poszar's 2011 IMF working paper, "Institutional Cash Pools and the Triffin Dilemma of the U.S. Banking System". https://www.imf.org/en/Publications/WP/Issues/2016/12/31/Institutional-Cash-Pools-and-the-Triffin-Dilemma-of-the-U-S-25155 Nathan Tankus recently blogged about this paper. We can compare his interpretation with our own. https://www.crisesnotes.com/the-night-they-reread-pozsar-in-his-absence/ This blog post also sparked a discussion in the …