The highlight of this week has been the high-profile critique by Pollin & Co from UMassAmherst of professors Reinhart and Roghoff and their “austerity” paper, where they showed that the dang...
https://nbtgm1.wordpress.com/2013/04/19/the-reinhart-roghoff-story/
There is a frentic activity out there on how to revise the modelling paradigm to the new norm of financial instability. Andrew Haldane from the Bank of England has recently been very critical of ...
https://nbtgm1.wordpress.com/2012/10/29/how-to-model-financial-instability/
Also investors may think so. As FT banking commentator Patrcik Jenkins notes in this post, banks are trading at very low book/values and investors may actually benefit from breaking up large cong...
https://nbtgm1.wordpress.com/2012/10/24/big-banks-are-simply-too-big/
This VOX post by one of the leading authors of this years Global Financial Stability Report Not making the grade: Report card on global financial reform | vox. argues that the pace of reform an...
https://nbtgm1.wordpress.com/2012/10/15/imf-financial-stability-reform-lagging-behind/
I did not stay up to watch the debate tonight, but according to Zero Hedge Romney managed a freakish 217 words per minute compared to Obama’s 172. That’s quite a performance; try it yourself....
https://nbtgm1.wordpress.com/2012/10/04/romney-outperformed-obama-by-26-2-in-fast-talking/
This post by Zero Hedge gives a subjctive interpretation of the current rush of covered bonds by Europeans banks, some of them soon approaching the limits for such issuance. Many banks retain lar...
Unemployment continue to increase, as reported by Eurostat yesterday. Depressing figures; should be of greater concern for everybody! For a good review of the situation, see this blog from Profes...
https://nbtgm1.wordpress.com/2012/10/02/eus-unemployment-continue-to-increase/
Somewhat old interview (August 1), but still interesting points about central bank lending to CCPs, how to solve the TBTF problem, and the need for more liquidity for trading activities: Since th...
Many commentaries today on whether Bernanke’s QE will work. This transcript from the press conference depicts his thinking well, I think. The question is will it work? May the idea of Anatole K...
https://nbtgm1.wordpress.com/2012/09/14/will-bernankes-asset-bubble-transmission-work/
This post gives a good review of the issues and consequences of pesistent Negative Interest Rate Policy (NIRP) The NIRP acronym is misleading, however, because unlike ZIRP, NIRP isn’t actually ...
https://nbtgm1.wordpress.com/2012/08/23/the-impact-of-persistent-negative-interest-rates/