Lenders' habits of overlooking possible shocks that could produce hefty losses if a long time has gone by since a shock last took place.
Related information about disaster myopia:
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Definition of disaster myopia: Lenders' habits of overlooking possible shocks that could produce hefty losses if a long time has gone by since a shock last took ...
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Feb 16, 2009 ... Andrew Haldane, Executive Director for Financial Stability, Bank of England diagnoses the failure of bank stress tesing in this speech given at ...