Chapter 583 A Paper

On this not-so-special day, Elena didn't have much excitement in her heart. In her eyes, these were just trivial finishing touches. The really important things had ended a few months ago.

However, what is a trivial matter in a girl's eyes may seem like a catastrophe to some people.

As early as last week, Elena had already held a small meeting with Douglas and other goblins. The content of the meeting was very simple. The goblins asked questions from the standpoint of Gringotts, and Elena did the talking. Just give an answer.

This is not the first time this kind of mock question and answer has been held in the past month, but for Douglas, Bogo and other goblins from Gringotts Wizarding Bank, the powerlessness in their hearts will increase after every meeting. A few points - they increasingly understood the judgment that Leos once made, that the era of fairies was completely over.

Instead of letting the situation deteriorate and waiting for the day when Gringotts Wizards Bank will be eaten by greedy and stupid human wizards, it is better to take advantage of this moment to send Gringotts to people who understand the market value and keep the goblins in the financial field. The final dignity.

And with the opening of the Hogwarts public trial today, and the sudden closure of the shop in Knockturn Alley, Douglas is very clear - for Gringotts Wizarding Bank and the goblins, another final trial has also begun. .

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Diagon Alley, Gringotts Wizarding Bank.

The door of the bank has been completely closed to the outside world. Douglas is sitting in the tall and majestic marble bank hall, carefully reading a financial paper imported from the Muggle world, while looking around this familiar but unfamiliar bank hall.

According to the past situation, on a working day morning, there should be hundreds of goblins in the hall sitting on the high stools behind the counter, busy, such as measuring currency exchange rate fluctuations, calculating the value of precious metals and gems, or recording in the large ledger. Account transactions compiled from all over the world...

However, now the entire Gringotts seemed to have come to a standstill. All the goblins stood tremblingly beside their counters, looking at Douglas, the resurrected former director of the investment department, who was sitting on a high chair at the end of the hall.

Dozens of middle-aged and elderly wizards with stern faces held up their wands and looked around every corner of the hall. They muttered various detection spells and carefully checked for any traces of recording and voice magic that might remain in the hall, or that might cause Dangerous magic protection and magic props with killing effects.

After six months of intensive work in Ukraine and learning from some of the counter-espionage experience of the former Soviet KGB, their ability to keep secrets can be said to have reached the top level in the magic world - no one else.

As for my own magical strength...

Compared with the Death Eaters who were rampant in the wizarding world ten years ago, this group of saints and their descendants who survived the wizarding war can be said to be able to fight against several of the most ferocious eaters on their own. Dead Apostle.

The most disturbing thing is that unlike the Death Eaters who fight independently, this is a systematic army of wizards.

Douglas silently glanced at the goblin guards who were subdued in less than half a second. Combined with the last "prison escape experience", the middle-aged goblin knew very well - if the negotiation breaks down and turns to a violent attack, it will only depend on destiny. The dozens of old wizards in the group are almost enough to sweep the entire Gringotts Wizarding Bank.

While Douglas was deep in thought, there was a noise from the stone alleyway behind the hall.

The members of the Gringotts Goblin Council of Elders, surrounded by goblins, had arrived in the marble hall. They glanced coldly at the wizards scattered in the hall, and finally their eyes fell on the middle-aged goblin sitting at the head. .

"Douglas, the taste of revenge is delicious, isn't it?"

Douglas turned his head and glanced at the old goblin who was standing and talking.

Without any surprise, it was Gloin, the chief elder of the Goblin Council of Gringotts. Behind him were the other eleven goblin elders and heads of various departments-except for Elder Leos, he was no better than all the ancient goblins. The important decision-makers in Lingge have all arrived.

"Revenge? No..."

The middle-aged elf grinned, closed the book in his hand, and spoke leisurely.

"To be precise, this is just a business. We are fairies. We only talk about interests and not feelings. From beginning to end, this is a competition at the financial level. The winner takes all and the loser admits compensation. This is not very simple. Does it make sense..."

"It is indeed a very simple and easy-to-understand truth. No wonder you became, um... a wizard's house goblin?"

"Chief Financial Officer of Tianming Group."

"Oh?" Gloin twitched his cheeks with a smile, "That... must be a pretty noble position, it sounds obviously more senior than the director of the venture capital department of Gringotts Wizarding Bank. Be more tempting.”

"Absolutely. The capital controlled by Tianming Group now, as well as the main business scope involved, are still slightly different from when I was in the venture capital department. It's just a money game. In the final analysis, there won't be much difference."

Douglas shrugged unmoved and asked in a calm tone.

"Is the chief elder taking the initiative to come here just to ask about my current work situation?"

"Heh, just asking. After all, compared to any financial trap, seeing a traitor for the first time makes me a little curious."

Douglas nodded, and his eyes slowly swept across the group of colleagues and elders with anger in their eyes. His eyes showed no signs of dodge or fear. After everyone looked at each other for a moment, Douglas narrowed his eyes slightly and waved his hand.

"Sit down. There are a total of 243 counters in the Gringotts Wizarding Bank Hall. Everyone present must have stayed at one of them for a long time. Just find a seat that you are familiar with and sit down. What we are discussing today Most of the questions are actually very basic business, very...simple and basic."

After speaking, Douglas lowered his head again and looked at the financial paper from the other side of the ocean in his hand. His fingers moved back and forth on the paper that he had read countless times, as if there was some extremely valuable wealth hidden in it.

This is not a document for public sale. In fact, this paper published eight years ago has not even attracted the attention of many non-magical scholars for the time being. In order to find this little-known document, Elena went here The dollars spent above are enough to buy several of the latest top-of-the-line cars.

However, compared to the money spent on it, the value of this paper titled "Bank Runs, Deposit Insurance and Liquidity" jointly proposed by Diamond and Davidger at this moment can be said to be priceless. exist. Most of the theoretical foundations of bank runs in later generations were derived from this paper.

Even decades later, this analysis paradigm based on asymmetric information and game theory demonstrates the fragility of banking institutions and the possibility of bank runs from the perspective of game theory equilibrium, and in order to strengthen financial supervision, prevent and resist financial risks. The run model is still one of the most important research contents in modern economics.

Elena is not a super genius who comes with her own system for time travel. As a humble little loli who forgot to load the sound card even with a language pack, her only advantage is that she remembers the names and locations of key papers in economic documents and models.

It is always more difficult to rebuild an economic system than to destroy it.

But for Elena, after having dozens of the most elite Gringotts professionals join her, she finally no longer has to gnaw at those obscure and troublesome mathematical models and throw them all to the goblins under her command. Just study.

"The way to save Gringotts is hidden in this paper, go find it!"

The girl's powerful command came to Douglas's mind, and a touch of bitterness and awe appeared on his face. Unexpectedly, the non-magical world's economic research had surpassed that of the goblins before he knew it.

Obviously, this is an entry test from the Demon King.

If he fails to find the correct solution within the stipulated time, directly razing Gringotts Wizarding Bank to the ground, and then building a new bank from the ruins, it does not seem to be a very difficult choice for the wizard.

It's a pity that, except for a few goblins who belong to destiny, most of the goblins present cannot understand the heavy pressure Douglas is facing now. Every move of the middle-aged goblins is filled with arrogance and ridicule in their eyes. .

"Are you planning to humiliate us? Douglas."

Behind Gloin, the goblin who succeeded Douglas as the head of the venture capital department screamed, his face became extremely distorted, and he stared at the nightmare that had enveloped him for almost half his life, and his emotions were slightly out of control.

It wasn't just him, with Douglas's careless voice, most of the goblins had a trace of resentment on their faces.

According to the ancient tradition of Gringotts Wizarding Bank, all goblins involved in high-level business must have experienced serving in the bank hall, and once promoted, they will not be transferred back to the counter unless there is a serious financial mistake. .

You must know that among the goblins who can appear in the hall under such circumstances, which one has not gone through step-by-step experience and growth, and finally jumped from this place to other core areas of Gringotts - this kind of invitation to them The method of negotiating for re-seating is obviously an act of revenge.

"Humiliation? I just have a question and I need you to help me answer it..."

After a moment, Douglas sighed softly and solemnly placed the book "Bank Runs, Deposit Insurance and Liquidity" in his hand on the counter in front of him, and glanced at the goblins standing around him without moving.

"If there is another large-scale run, how can Gringotts Wizarding Bank, which has been depleted of all its reserves by the 'Hogwarts Loan', the 'Ruble War' and the 'Magic Fed Scam', continue to survive?" Are you going down..."

The anger of all the goblins present was frozen on their faces. Chief Elder Gloin staggered, his cheeks twitched slightly, and he stared at Douglas seriously and somewhat fiercely.

"Aren't these... all given by you..."

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