LAN Ching Toung (1151 682») ‘
( the ‘mtroblctitn of lepsit sulonse- )nwpences, 4 “conpibence.
___o bonks. Zhedore. people will pu. suave. if aes ee in
mre, av the, dlepsats tals wl] hue yncrene. The pw increase
he tenaits. ane alpilake fo” banks to make_[van to zie fie.
ai fe Ae ol he more nh rutaphior wall berome bie aed
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ae “Mg uutiphct bi He 3
net ii Sun , ee
we eS eeMy No Date.
“pi currency + cheakabke- obepes-te
hs the cepa. chal avis ‘Nts fhom bls cig Iih-yuoed—
«Banks Con nse tase Mam ipkprvetal ney tomate lean to
ie ond thus kod o_o wenten Aamo ttieok hich imomsed —
2. cen ie il aha affect Als “The agin cay. oil iy ATED
athe Te
— ep seth ‘be dena Ni ine se a
ea ee a3.0) the c decrease ith Becnite tess because th yuaTlese-
bine, bankrepleg_- pesple ill wathcboy/ ter rom barks.
____ Simoe there 1 legs cbprits ater ola lable. fr banks ta make
lan to yablic. the a moteplen become sa com thus
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“a Sat Yo
m3 inaene. fom ¥, to}, ‘own italy. the imelet Fate w)l| sncrense
ket Hom i te is, &
After the meg eng cence 110 MS to MS”, the Dita rate
___indyese fais th iid to iy Ciy> ind a5 output i
resin ) nes dei, 1:
Monon «AMNo ate
valor risk Berause of worries abprd. the. higher visk, —
ed - allocate mare. of thea wealth ih pi mnstend
ye _albw ol As
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[money Yo Stone Lon pede ¥-
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ee te Ohnanoemen the. enond curve Shift_vpwasl.
Aso rest. Pir Hevea ot Mona
Fhe anntipcanent iMtolve, a hivherj SLM Shaft Lipo
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— Paget |