To qualify, banks must meet requirements drawn up in a way that ensures the guarantee is provided only to financially sound intermediaries experiencing temporary liquidity problems. The decree specifies the liabilities that are covered by the guarantee, to prevent it from being extended to the entire stock of bank liabilities.
The Friedman Statement  For my purpose today, the questions to which answers are required are, in the main, those to which the 1967 – address was directed, namely: i)  what monetary policy cannot do. ii)  what monetary policy can do.