timber
"broke" - broken
I see great purpose in gold leasing when - it enables the acquisition of liquidity from a source of limited connection to the market place.
Empirical evidence? why would the lease rate be intrinsically linked to LIBOR? Seems fundamental to me.
Back to my original premise - "gold leasing is IMO really important to the banking sector"
GC
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how bank loans work, page-27
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