Remove Decentralization Remove Merton Remove Operations Remove Project
article thumbnail

The Irish Banking Crisis: A Parable

Harvard Business Review

You might say that a radically decentralized, p2p financial system spontaneously arose. The staggering capital requirements of today's projects — think billion dollar semiconductor factories — dwarf those of yesteryear. The global economy wasn't as tightly, sharply interdependent.

Banking 15
article thumbnail

The Irish Banking Crisis: A Parable

Harvard Business Review

You might say that a radically decentralized, p2p financial system spontaneously arose. The staggering capital requirements of todays projects — think billion dollar semiconductor factories — dwarf those of yesteryear. You might say that a radically decentralized, p2p financial system spontaneously arose.

Banking 15