Bond markets will face enormous supply
Apart from rolling over sovereign debt, it’s the banks that will have to tap the markets and the sums are staggering…
Three very good articles
One very thorough one on the state of European banks, another one from Simon Johnson, former chief economist of the IMF, on failure of financial reform, and then one on […]
Nationalized banks?
During the credit crisis, we argued that temporary nationalization would be the best option to deal with financial institutions gone wild. Turns out we might have been to moderate..
Six reasons for financial reform
Depend on your view of what caused the crisis, vintage Krugman stuff…
The Magnetar trade
Shows again why financial markets are rife with information asymmetries that the party in the know exploits. Since financial products are often very complex, this problem is rife and the […]
The function of banks and how to regulate them
Excellent stuff from Paul..
Greenspan blames housing bust, recession on Soviet collapse
Even after their demise the Soviets wreak havoc on the US, apparently. How about that for a defence…
The causes of the financial crisis
Since the crisis was widespread, countries can be compared. This is evidence based policy at its most revealing…
Reform of financial markets necessary but not forthcoming
One would think we’ve learned at least some lessons from the financial crisis, no?….
Derivatives markets need better regulation
Rein in the Frankenstein financing…