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?
For about five years now, Greece has been giving the euro area authorities a test in economics and politics. The test must be retaken until the authorities produce the right answers.
Visiting Professor of International Economic Policy, Princeton University14 articles | View profile
Eurozone’s So-Called Recovery Masks A Dark Secret: Mercantilism - https://t.co/HkBC18QRko
RT @pdacosta: “There are two ways of being unhappy. Not getting what you want is one. Getting what you want is the other.” https://t.co/ylR…
RT @CJFDillow: Blogged::George Osborne and Mesut Ozil have something in common https://t.co/RIf6eu1hoY
George Osborne’s Pro-EU Dog & Pony Show and what it tells us about the Tory Party - by @johnweeks41 https://t.co/sWjfqxeUDd