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What incentives do private banks have not to lend money

Banks earn profit on intermediation margin. If loans are not repaid bank won’t be profitable. Private banks cannot themselves (individually) create reserves. They can get reserves by: borrowing them ...
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Mechanisms to discover unbacked creation of foreign currency

This does not seem like forged money, this seems like the Singaporean bank is giving credit to a bad creditor. A useful mechanism would be due diligence while performing the client's (the Crook Island ...
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