The Bank of Mauritius does hold a licence to kill an ailing bank as many of you have been made to believe. The power to revoke a banking licence must never be construed as the itchy finger of a depressed man at the trigger of a loaded pistol. It is rather the equivalent to having a gun hanging on the wall.
(2018), “The international dimension of the ECB’s asset purchase programme: an update,” speech held at a conference on “Exiting Unconventional Monetary Policies”, organised by the Euro 50 Group, the CF40 forum and CIGI, Paris, 26 October 2018; Koijen, R., Koulischer, F., Nguyen, B. and M. Yogo (2017), “Euro-Area Quantitative Easing and Portfolio Rebalancing,” American Economic Review Papers & Proceedings, vol.