Alan Greenspan Banks Quotations

It's hard to tell which assets will be toxic. The best way to ensure that only shareholders and banks feel it is have adequate capital.

But, given our current state of knowledge, I find it difficult to envision central banks successfully targeting asset prices any time soon,

I find it difficult to believe, for example, that the crises that arose in Thailand and Korea would have been nearly so virulent had their central banks published data prior to the crises on net reserves instead of the not very informative gross reserve positions only,

The rapid growth and increasing importance of derivative instruments in the risk profile of many large banks has been a particular concern,