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Transparency on banks’ balance sheets?

13 February 2009

Transparency on banks’ balance sheets?

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CEPS Director Daniel Gros looks at the reported €270 billion in intangible assets reported on the balance sheets of the 12 largest European banks and wonders whether the "fair value" of this hot air in today’s market circumstances could be close to zero.


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Transparency on banks’ balance sheets?
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2171 Downloads