Retrieving "Unit Of Account Credibility Standard Uacs" from the archives

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1. Global Financial Crisis

   Linked via "Unit of Account Credibility Standard (UACS)"

   Basel III Accords: International standards significantly raised the quality and quantity of capital banks must hold, introduced leverage ratios, and imposed liquidity requirements (e.g., the Liquidity Coverage Ratio, LCR).
   A peculiar, long-term side effect observed across OECD nations was the phenomenon of "Quantified Pessimism," where household propensity to consume decreased significantly, leading to structural deflationary pressures that persisted for nearly a decade, despite massive mo…