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?
For the first time in history, people have the real prospect of no longer having to work long hours in boring, repetitive and physically debilitating jobs to meet basic needs. We will have more time to spend interacting with each other, caring for each other.
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The Stocks and the Flows - by @Frances_Coppola http://t.co/BIzabI4bJC
Cheer - Inequality is Falling Globally!! (and similar nonsense) - http://t.co/FmPVmJReSV
Welfare reform and the "jobs miracle" by @jdportes: http://t.co/WKy16ssZgl
Ever shifting Philips curves - by @Gilesyb http://t.co/3H0yFBRAhD
This week's Newsletter is live: The ethics of inequality - http://t.co/SK5t8wwpqG