People of the Left looking for dragons to slay in the financial system really need to understand the nature of the beast.
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Portugal's Espirito Santo Group shows that complex, opaque corporate structures with embedded banks create moral hazard and the risk of fraud.
The size of new mortgages compared with borrower incomes is rising, suggesting households are becoming more vulnerable to income and interest rate shocks. Will macroprudential regulation be enough?
A majority of economists surveyed by the Centre for Macroeconomics think it is time to use macroprudential tools to calm the UK's housing market.
Is it possible to embrace big banks, while disavowing Too Big To Fail?
It's possible that a society of educated people is likely to be more cultured and scientific-minded than one of non-graduates, and this should have positive externalities in the form of better political discourse and higher culture. There is, however, little evidence of this in practice.
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RT @mybuchshelf: Are book collectors real readers, or just cultural snobs? – https://t.co/xgXw1xTl4s via @aeonmag
A collection of some of the best econ books of the year, feat - @ryanavent, @BrankoMilan, @g2parker and more...… https://t.co/x3hBAGCq00
RT @mark4harrison: Blogged: Donald Trump and America's Incomplete Contract with Itself https://t.co/I5i2PrOR8C @warwicknewsroom @cage_warwi…
RT @NIESRorg: The weak pound in your pocket: @angusarmstrong8 continues to make waves with his blog post, this time in the @FT https://t.c…
RT @LSEReviewBooks: Review Archive: The Sharing Economy: The End of Employment & the Rise of Crowd-Based Capitalism by Arun Sundararajan ht…