At least the flows are better. Photographer: Sakis Mitrolidis/AFP/Getty Images
There was a time not so long ago when the vast majority of experts agreed that a country could not emerge decisively from a financial crisis unless it solved problems of both “stocks” and “flows” — that is, secured a flow of money to cover its immediate needs and found a way to manage its stock of outstanding debt over time.
April 23rd, 2014 at 9:08 pm
From Bloomberg, Apr 23, 2014, 7:03:25 AM
There was a time not so long ago when the vast majority of experts agreed that a country could not emerge decisively from a financial crisis unless it solved problems of both “stocks” and “flows” — that is, secured a flow of money to cover its immediate needs and found a way to manage its stock of outstanding debt over time.
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