Portugal's Espirito Santo Group shows that complex, opaque corporate structures with embedded banks create moral hazard and the risk of fraud.
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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?
Economics is a toolkit that enables better understanding of how people live, and how societies work.
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The retrospective nature of volatility can induce a false sense of security - http://t.co/HKmtyk0eCq
The Rise and Fall of Piketty Critiques - by @UnlearningEcon http://t.co/FrCfn0vcCq
On the inevitability of war between the West and the Islamic State - by @azizonomics http://t.co/0YXrgxEn0i
This week's Newsletter is live: Italian Tragedy - http://t.co/YGhUnz6lkP
How worried should you be that hedge funds appear so reluctant to short? - http://t.co/ZKym7cBXRe