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?
The growth in foreign ownership in the UK is something to be welcomed, not feared. Foreign firms increase competition and help disseminate new ideas as local firms copy business methods and innovation.
Director of the Centre for Economic Performance4 articles | View profile
RT @jdportes: Immigration drives growth: @plegrain explains why politicians' cowardice threatens UK economy: http://t.co/XpeZmoZIES
RT @CJFDillow: Blogged: the revolution will not be televised http://t.co/fAmjaTVcS8 A reply to @DAaronovitch
RT @tomashirstecon: As promised @DuncanWeldon: Why I'm not panicking about the scariest chart for the UK econ http://t.co/OsFXG5SuPX cc @jo…
RT @sanderwagner: Krugman thinks through the greek bargaining situation http://t.co/OPQDRQuxUp
Debt restructuring: a proposed principle - by @sjwrenlewis http://t.co/3LvYbDTd1s