Roland and Katya had been wary of financial moths and speculators running away from the beginning, and had already notified local governments, military and police to lay a wide net, coupled with the crowd of agitated depositors who spontaneously joined the ranks of day and night siege and debt collection, and finally only five bankrupt bankers fled the Far East in a hurry with teleportation scrolls, but the teleportation technique could not carry a large amount of gold and silver, and they had to give up most of their net worth.

As for those bankers who do not want to give up their property and career, do not want to abandon their wives and children and become street rats, they have to accept the fate of unconditional surrender to the central bank until the 27th. One after another, he came to No. 23 Colasbourg Financial Street to meet Roland, and begged His Royal Highness the Prince for mercy.

Roland was too lazy to entertain these condescending guys, so he pushed them all to Katya for disposal.

On November 31, the PBOC convened a national meeting on the rectification of the financial order, chaired by Ms. Katya, Senior Deputy Governor and Chief Economist of the PBOC, to deal with the mess of the 72 companies on the verge of collapse.

The bankers initially thought the beautiful young vice president was better to speak, but they soon realized that their first impression was wrong.

Katya is not a good talker, in fact she has a bitter mouth, and she has a penchant for beating "water dogs".

On the last day of November, the gentlemen who attended the meeting on the reorganization of the financial order experienced a nightmare of frustration, frustration, pain and suffering. Like an evil she-dragon, Ms. Katya spews venom called sarcasm and mockery at them until they completely destroy their self-esteem, give up their last resistance, and sleepwalk into the agreement provided by Katya, accepting the terms of surrender including all the terms of the regulation.

After suffering humiliation, the central bank finally extended a rescue hand, providing rescue services such as "re-lending" and "re-discounting" to troubled commercial banks, and agreed to provide them with gold tale, open a new currency exchange window, and cooperate with strategies such as adjusting interest rates and changing the direction of propaganda to quell the run. It was not until the end of December, when rumors of the abolition of the Imperial Dugar were finally disproved by time, that the turmoil was completely quelled, and the 72 commercial banks that tried to challenge the central bank were ostensibly restored, but in fact had changed owners.

The central bank's bailout is not free, and one of the additional clauses is that the central bank has the right to convert the claims of the bank into corresponding equity after successfully bailing out a commercial bank.

Constrained by this "debt-for-equity" clause, the bosses of the 72 commercial banks bailed out by the central bank all fell into the net carefully woven by Roland and Katya, and had to give up their controlling stakes.

……

The first financial turmoil that broke out since the creation of the Kolas Kingdom came and went quickly. After the dust settled, Lyubov Yangbo of Baiou Harbor and independent economist Liszt Keynes published a co-authored research article in major newspapers and magazines to revisit the central bank's counterattack against shorters.

Although the views of these two insightful people are not completely consistent, they both emphasize that the two heads of the Central Bank of the Kingdom of Kolas did not resort to violent means in this war, but creatively used a variety of monetary tools to achieve the goal of fighting hostile forces.

Katya mainly uses interest rate tools, through clever adjustment of the relative relationship between deposit and loan interest rates and treasury bond interest rates, artificially creating a "risk-free arbitrage" corridor, and using arbitrage opportunities to drive people's inherent greed, using people's greed to destroy those private banks that challenge the central bank beyond their own strength, and most of the people involved in this war for arbitrage are themselves speculators, and they do not realize that they bring their own dry food to act as mercenaries of the central bank.

Roland relied more on "window guidance", using the central bank's innate advantage of monopolizing the right to issue new currencies to jam the neck of the hostile bank, compared with Katya's completely from the inherent laws of the currency market, his approach is actually more blatant to reflect the will to power, the hostile bank was killed by Katya's means can only blame himself for his inferior skills, and died in the hands of Roland, I am afraid that he will have to complain a few words about "the government pulls the bias", "both as a referee and as an athlete"......

Roland himself paid no attention to the wails of the defeated dogs. If the central bank does not reflect the will of those in power and engage in fair competition with commercial banks, then what is the meaning of the word "central" in "central bank"? People who do not understand this can be said to lack the most basic political common sense and live in a dream woven by themselves.

In their joint article, Ms. Lyubov Yampo and Mr. Liszt Keynes pointed out that, in addition to different monetary instruments, Roland and Katya also coincidentally used the propaganda front of the press.

It's just that Katya's methods are still a little immature, with the help of newspapers to reveal the real risks, and Roland is much more cunning, first put (make) wind (rumors) the exchange period of new and old currencies is urgent, and refute (speculate) rumors (made) rumors are untrue, so the toss and turns have deepened people's fears, for the sake of insurance, of course, they must exchange their own empire Duga for Far Eastern Tale as soon as possible in order to settle in their pockets, and most of people's gold coins are stored in banks, It is inevitable that the banks that cannot provide currency exchange services will be run, and when the turmoil subsides, people will realize that there is no need to rush so much, and the deadline exchange is indeed just a rumor, but by then the commercial banks that challenge the central bank have long been defeated, and people will not be able to change this reality with or without regaining their composure.

In fact, Roland's manipulative method is not original, and there is a pretentious term on Earth called "expectation management". The Fed "expects to raise interest rates" at every turn, but the number of times that expectations come true is very few, and people are always fooled again and again, so that the Fed does not need to actually raise interest rates to achieve the purpose of raising interest rates.

Traveling to the world of Vares, this is Roland's first attempt at "expectation management", and it has achieved miraculous results in just one week, which shows that the trick of "the wolf is coming" is also effective in this fantasy world. Whether or not there is a true god or magic, society is still made up of people, and the psychological tendencies of humans are always similar.

Miss Victoria, who did not want to be named, privately questioned the so-called "independent economists" who were not "independent" at all, and that this mysterious figure could be the pseudonym of central bank governor Roland Kolas.

In his reply to the young lady, Roland harshly criticized the conspiracy theories. This time he didn't fool the little princess of the sea elves, the article was indeed not his own handwriting, but only exchanged his views with Lyubov and Katya, and afterwards Lyubov proposed to compile the results of the exchange into a document, Katya gladly supported it, Roland did not want to spoil the interest of the two ladies, so he did not object, and lent Katya the treasured "vest" - Liszt Keynes.

Roland originally wanted to lend Katya for a while, but he didn't expect the vice president's wife to be tired of it, commenting that every week she would put on the vest and criticize the national economic construction of the Far East...... Sometimes, Mr. Liszt Keynes's name appeared in the newspapers twice in a week, and Roland was convinced that one of them was written by Katya, and the other was put on by Lyubof.

Her Majesty the Queen of the North Sea Federation was simply fine-witted, writing in her true identity as Lyubov Yamabo when she advocated the "omnipotence of the free market", and gained favor with the industrial and commercial capitalists, and when she felt the need to blow a wave of "mercantilism" to strengthen her power, she became "Liszt Keynes".

Roland could only smile bitterly at this, and never imagined that the pseudonym he had made up to facilitate the publication of his articles would become a monster with "three heads and six arms", and that Mr. Liszt Keynes's articles would be collected and published in the future...... How to divide the manuscript fee is still a problem.