In Australia, the government has shared refinancing risk on projects to allow short-term bank lending in the construction phase.
To prevent volatile currency swings, he argues, governments should impose a tax on short-term capital flows especially short-term bank loans.
He says he has to rely for financing on short-term bank loans at high interest rates instead of on longer-term bonds.
The crisis in the euro area has led to a breakdown in European interbank markets as well as the longer-term bank funding markets.
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Risk aversion also adds to interest rate costs on short term bank loans, and with Russia considered a risk investment, loan costs inevitably rise.
Presumably, countries that attract more foreign direct investment suffer less than those that have a greater amount of footloose portfolio investment or short-term bank lending.
True, cheap, subsidized long-term bank funding has played an important role in the strength of the SME sector in some countries, allowing business owners to invest for the long-term and facilitate multigenerational family control of companies.
But Shinsei Bank (Long-Term Credit Bank, before it went bust) provides some clues.
Shares in other big and deeply troubled banks such as Nippon Credit Bank, Long-Term Credit Bank and Daiwa Bank, fell as much.
In addition to some of the former assets of Hokkaido Takushoku Bank, it will have to take on the bad loans of Nippon Credit Bank and Long-Term Credit Bank, both nationalised last year.
Back in 2000 the once-famed Long-Term Credit Bank of Japan was all but broke.
It is buying leasing assets, distressed debt and has also shown an interest in Long-Term Credit Bank.
The fate of the Long-Term Credit Bank, Japan's 10th-largest bank, has become a symbol of what's at stake.
He studied Japanese for a year, and took a summer internship at the Long Term Credit Bank of Japan in Tokyo.
The mighty Long-Term Credit Bank of Japan had its head office in Otemachi on an urban site that overshadowed the Masakado shrine.
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The two long-term credit banks that later went bust (Long-Term Credit Bank and Nippon Credit Bank) were stuffed full of former finance-ministry staff.
They had come to fear that their dirty laundry would be revealed if the teetering Long-Term Credit Bank went broke, and that was beginning to look imminent.
One mooted scheme, to use Long Term Credit Bank as the rump of the new institution, is just absurd: to entrust new lending to a bank that has already squandered so much would be indefensible.
In the shorter term, the bank needs to worry about a possible backlash against its incongruously generous pay policies.
Consumer credit is almost wholly covered within the bank credit data, as are most other types of credit that fuel short-term growth, so total bank credit provides a better idea of what is happening right now regarding home purchases, car financing, education loan funding and credit card use among other things.
At a zero short-term interest rate, the central bank would have to work on adjusting longer-term rates.
And it does not boost the long-term capacity of a bank to absorb losses without defaulting.
However, Mr Draghi said that inflation would be contained in the medium term, but the bank would act if necessary.
Bank loans term out in less than 10-years (often five to seven years) and issuers generally need to refinance at the end of that term.
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The question, of course, is whether Mr Wasserstein is more interested in pushing Lazard up the league tables in preparation for a sale than in stable, long-term profits for the bank from loyal clients.
He attacked the bank's increasingly aggressive work culture of the previous 20 years, which, he said, focused too much on making a quick buck instead of upholding the values and long-term reputation of the bank.
He could still be entitled to his long-term incentive plan, which is broadly based on the bank's long-term performance and is worth up to 400% of his salary, if the Barclays remuneration committee awards him one.
We were able to source competitively-priced bank loans like our recently executed secured term loan facility with the Import-Export Bank of Korea and ABN AMRO.
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