Finance as Noise-Cancelling Headphones
Finance is a tool that, when it works well, is designed to help an individual or a firm move resources smoothly across time and across different states of their lives (such as good health and ill health).
Don’t reject structured finance
The term “originate to distribute” (OTD), though seldom heard in financial jargon, is increasingly gaining currency, especially in the financial systems of the West. The OTD model is a widely practised variation of traditional financial intermediation. In the traditional model, a financial intermediary (FI), often a bank, originates a loan and holds it on its […]
