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Full-Text Articles in Business
Nama Versus Nationalization – How To Deal With The Banks’ Toxic Loans?, Thomas Power
Nama Versus Nationalization – How To Deal With The Banks’ Toxic Loans?, Thomas Power
Articles
Banks are indispensible to the efficient functioning of the economy. Right now they are unable to carry out their normal functions (e.g. providing lines of credit to individuals and business) because they are underfunded. They are rationing credit because they do not have enough funds. The funds they need to lend to borrowers come from deposits, equity and bonds. During the ‘boom period’ banks did not have enough funds from deposits and had to rely on the inter-bank market to borrow the funds they needed in order to lend. According to the Central Bank ‘net foreign liabilities’ of commercial banks …
Lessons For Nama From Valuation Practices, Thomas Power
Lessons For Nama From Valuation Practices, Thomas Power
Articles
By adopting accounting values and not economic value, auctioneers and valuers contribute to property market inefficiency. The reaction to this global financial and real asset meltdown is for tighter regulation. But the difficulties now being experienced in global asset markets are not new– it’s just that it is much bigger. The common denominator is accounting based valuations.