tag:blogger.com,1999:blog-1331441403058020963.post7155356723334401923..comments2024-03-23T14:59:06.647-04:00Comments on International Political Economy at the University of North Carolina: More Overnight/Early Morning DevelopmentsThomas Oatleyhttp://www.blogger.com/profile/14092437150746625670noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-1331441403058020963.post-7705138783534643762008-10-08T10:03:00.000-04:002008-10-08T10:03:00.000-04:00I don't know if I'd say this is all a matter of co...I don't know if I'd say this is all a matter of confidence rather than liquidity. Inter-bank lending is frozen because banks don't trust that other banks are solvent, but they have good reason to think this way. <BR/><BR/>I definitely agree that confidence building is important right now, but I think it's a mistake to chalk everything up to psychological panic that's rationally baseless.Sarah Bauerle Danzmanhttps://www.blogger.com/profile/11268909823574840085noreply@blogger.com