Experience Stern | News & Events

Excerpt from The New York Times -- "'A big part of this is just cleaning the bank balance sheets after the sovereign debt crisis,' said Viral V. Acharya, professor of finance at Stern School of Business at New York University. But Mr. Acharya said central bank bond buying was an inefficient way to fix eurozone banks. At the rate that the European Central Bank plans to buy bonds, he said, it will take months for banks to unload their holdings."

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