It is important to a bank as a borrower because funding costs are critically tied to the perceived level of uncertainty surrounding the institution’s condition.
“Helicopter Ben” is currently a popular nickname of the Chairman of the US Federal Reserve, Ben Bernanke. Mr. Krugman, this year’s Nobel laureate, recently stated that it was time to “shovel money into the economy”. The question, however, is: in what way, to whom and how much? But let us turn back to the case of Serbia.