This column presents the latest Geneva Report on the World Economy, in which the authors argue that central banks can do more to stimulate economies and restore full employment when nominal interest rates are near zero. Quantitative easing and negative interest rates have had beneficial effects so far and can be used more aggressively, and the lower bound constraint can be mitigated by modestly raising inflation targets.
Read more...How a toothless US watchdog, FinCEN, has largely ignored money laundering via Bitcoin and other digital currencies.
Read more...The SEC has taken a premature victory lap on the pathetic performance of its whistleblower program, with messaging trumping performance.
Read more...Business groups seek to thwart proposed CFPB regulations to limit forced arbitration clauses and allow consumers to bring class actions.
Read more...Ethereum’s Big Bank Blockchain consortium: trying to look behind the hype
Read more...Is the ECB’s latest bond-buying program creating corporate winners and losers?
Read more...Remarkably, an increasing number of economists believe the Eurozone has addressed its weaknesses. Shades of the Great Moderation, circa 2006.
Read more...Picking apart the conflation of real capital with finance capital and explaining how that confusion undermines sound analysis of the crisis.
Read more...Deutsche Bank whistleblower Eric Ben-Artzi makes a huge financial sacrifice to call out corruption in SEC enforcement.
Read more...The Brexit fantasies get even bigger as the City pumps for a na ga happen “Swiss plus” plan.
Read more...Banks are looking into holding more cash as central banks threaten to drive interest rates even further into negative terrain.
Read more...Yves here. This is a very important post, and sadly I’m not providing it with the introduction and commentary it warrants because I am scrambling to get organized to get out of town. By Daniela Gabor is associate professor in economics at the University of the West of England, Bristol. Originally published at the Institute […]
Read more...A new World Bank paper looks at the interaction between commodity prices and commodity exporters. It’s a story about hot money.
Read more...Big Wall Street firms like Goldman and Morgan Stanley offer “dog ate my homework” excuses for failure to comply with the Volcker Rule.
Read more...More proof that central banks have lost the plot.
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