but there is no reason to believe that such challenges cannot be surmounted and pave the way for a massive disruption in the way banking is conducted today. (ii) How long can the banks continue increasing their retail loan portfolio?
There is currently a fierce debate, especially in the US, about the quantum of fiscal stimulus and the timing of its withdrawal. Some economists, notably Krugman, have argued that the size of the stimulus should be much larger than what the models suggest simply because “in Depression Economics, the usual laws of economics do not apply”.