It could happen here: why super funds face cash crunches
The intervention by the Bank of England has exposed how pension funds can be forced into panic. But there are limits to what central banks can do to avert crisis when they are supposed to be starving inflation.
The United Kingdom lurched from budget crisis to an outright financial crisis in a matter of days. The Bank of England appears to have done enough to keep the bailout hawks at bay.
Kwasi Kwarteng, chancellor at the centre of the UK fiscal crisis. AP
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Jonathan Shapiro writes about banking and finance, specialising in hedge funds, corporate debt, private equity and investment banking. He is based in Sydney. Connect with Jonathan on Twitter. Email Jonathan at jonathan.shapiro@afr.com
