Loan loss estimates by banks rely on backward looking models. COVID has blown the models up -> In Europe banks are adding “post-model adjustments” (PMAs). US uses "Q factors". But, only two weird recessions to work with. Fascinating by
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RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow
May 18, 2023
RT @BJMbraun: How to be an effective political economist: Laser focus on the neuralgic points of the state-market nexus, follow the money,…