On this not a special day, Elena didn't have much excitement in her heart, in her eyes these were just trivial finishing things, and the really important things had already ended months ago.

It's just that the little things in the eyes of the girl, for some people, may be like the apocalypse of the sky.

As early as last week, Elena had already had a small meeting with Douglas and other elves, and the content of the meeting was very simple, the elves stood in Gringotts' position to ask questions, and Elena answered.

In the past nearly a month, this kind of mock quiz is not the first time, but for Douglas, Bogo and other goblins from Gringotts Wizarding Bank, after each meeting, the powerlessness in their hearts will increase a little - they understand more and more that the judgment that Leos once made belongs to the era of goblins is completely over.

Rather than let the situation deteriorate and wait for the day when the Gringotts Wizards' Bank will be eaten by greedy and stupid human wizards, it is better to take advantage of this time to deliver Gringotts to someone who understands the value of the market, and preserve the last dignity of the elves in the financial world.

And with the opening of the public trial at Hogwarts today, and the abrupt closure of the shop in Tumbledown Alley, Douglas knew that another final judgment had begun for Gringotts Wizarding Bank and the goblins.

............

Diagon Alley, Gringotts Wizarding Bank.

The doors of the bank were completely closed to the outside world, and Douglas sat in the tall and majestic marble banking hall, perusing a financial treatise introduced from the Muggle world, while looking around the familiar and unfamiliar banking hall.

Historically, on a weekday morning, hundreds of elves in the hall would have been busy sitting on high stools behind the counters, measuring currency exchange rates, calculating the value of precious metals and precious stones, or recording transactions from all over the world in a large ledger......

However, now the whole Gringotts seemed to come to a standstill, and all the goblins stood tremblingly at their counters, looking at the former head of investment, Douglas, who had come back from the dead on a high chair at the end of the hall.

Dozens of middle-aged and elderly wizards with grim faces held their wands and looked around the hall, casting all kinds of detection spells in a reciting voice, carefully checking for possible residual photogram magic in the hall, or dangerous magic protection and magic props that may cause killing effects.

After six months of intense work in Ukraine, 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 wizarding world - there is no one.

As for its own magical strength......

Compared to the Death Eaters who roamed the wizarding world ten years ago, the Saints and their descendants who survived the Wizarding Wars can each be said to be able to fight against several of the most murderous Death Eaters on their own.

And most disturbingly, unlike the Death Eaters, who fought on their own, this is a systematic army of wizards.

Douglas silently glanced at the few goblin guards who were subdued in less than half a second, combined with the last "prison escape experience", the middle-aged demon carefully knew very well - if the negotiations broke down and turned into a strong attack, these dozens of old wizards of the Mandate of Heaven Group alone would be almost enough to sweep the entire Gringotts wizard bank.

In the midst of Douglas's musings, there was a commotion in the stone alleyway at the back of the hall.

The members of the Gringotts Elven Council of Elders, surrounded by a group of elves, had already arrived in the marble hall, coldly glanced at the wizards scattered in the hall, and finally their eyes fell on the middle-aged elf who was sitting in the first place.

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

Douglas tilted his head and glanced at the old goblin standing as he spoke.

There was no surprise that it was the chief elder of the Gringotts Elven Council, Groin, and behind it were the other eleven elbow elders and the heads of various departments - except for Elder Leos, almost all of Gringotts' important decision-makers had already arrived.

"Revenge? no ......"

The middle-aged goblin grinned, closed the book in his hand, and said unhurriedly.

"To be precise, it's just a business, we're goblins, and we only talk about interests and don't talk about feelings. From beginning to end, this is a competition at the financial level, the winner takes all, and the loser admits loss, isn't this a simple truth......"

"It's really a very simple and easy to understand truth, no wonder you're becoming, huh...... A wizard's house leprechaun?"

"Chief Financial Officer of Destiny Group. ”

"Oh?" Groinpi twitched his cheek with a smirk, "what about ...... It must be a rather noble position, and it sounds obviously more tempting than the head of venture capital at Gringotts Wizarding Bank. ”

"It's almost, the capital controlled by the Mandate of Heaven Group now, and the scope of the main business involved, are still slightly different from when I was in the venture capital department, but the money game will not be much different in the final analysis. ”

Douglas shrugged unmoved, and asked in a calm tone.

"Is it because the chief elder took the initiative to come up just to inquire about my current work?"

"Heh, ask casually, after all, compared to any financial trap, the first time I saw a traitor with my own eyes, I was a little curious. ”

Douglas nodded, his gaze slowly swept over the group of colleagues and elders with anger in their eyes, his eyes did not have the slightest hint of dodging and fear, and 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, and everyone here must have spent some time in one of these places for a long time, so find a familiar spot to sit in. Most of the issues we're talking about today are actually very basic businesses, which are very ...... Simple and basic. ”

After speaking, Douglas lowered his head again, looked at the financial paper from the other side of the ocean in his hand, and his fingers swiped back and forth on the paper that had been read countless times, as if there was some extremely valuable treasure 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, and in order to find this obscure document, Elena spent enough dollars to buy several of the latest top-of-the-line cars.

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

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

Elena is not the kind of super genius who comes with her own system to cross, as a humble Lori who forgets to load the sound card in the language pack, her only advantage is to remember the names and locations of the key papers in the economic literature and models.

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

However, for Elena, with dozens of the most elite Gringotts professionals joining, she finally doesn't have to gnaw on those obscure and troublesome mathematical models, and just throw them all to her goblins to learn.

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

Douglas thought of the girl's imposing command, and a trace of bitterness and awe appeared on his face, but he didn't expect that before he knew it, the non-magical world had already studied so much economically than the elves.

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

If he fails to find the right solution within the allotted time, it doesn't seem like a difficult option for wizards to simply raze the Gringotts Wizards' Bank to the ground, and then build a new one from the ruins.

It's a pity that except for a few goblins who belong to the Mandate of Heaven, most of the goblins present can't understand the heavy pressure that Douglas is facing now, and every move of the middle-aged goblins now is full of arrogance and ridicule in their eyes.

"Are you going to humiliate us? ”

Behind Groin, the goblin who had replaced Douglass as head of venture capital screamed, his face distorted, staring at the nightmare that had enveloped him for almost half of his life, and his emotions were slightly out of control.

Not only him, but with Douglas's nonchalant voice, a trace of resentment appeared on the faces of most of the goblins.

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

You know, the goblins who can appear in the hall under such circumstances, after not going through step by step experience and growth, finally jumped from this place to other core areas of Gringotts - this way of negotiating inviting them to re-seat is obviously an act of revenge.

"Humiliation, I just have a question that I need you to help me answer ......"

After a moment, Douglas sighed softly, solemnly placed the "Bank Run, Deposit Insurance and Liquidity" in his hand on the counter in front of him, and glanced at the goblins standing still around him.

"If there is another large-scale run, Gringotts Wizarding Bank, which has been drained of all its reserves by the 'Hogwarts Loan', the 'Ruble War', and the 'Magic Fed Scam', is there any way to continue to live now......"

The indignation of all the goblins at the scene froze on their faces, and Chief Elder Groin's body shook slightly, his cheeks twitched slightly, and his eyes stared at Douglas seriously and with some ferocity.

"These ...... Isn't it all thanks to you......

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