BdF Paper by Ronald Anderson (LSE) Credit default swaps (CDSs) are derivative contracts that allow agents to shift the risk of default on an underlying credit from a credit protection buyer to a credit protection seller. Like other derivatives they … Continue reading →
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Alea
Credit Default Swaps: What Are the Social Benefits and Costs?
Summer Doldrums
Blog will be quiet(er) until Labor Day. Continue reading →
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The International Role of the Euro
Via the ECB: The review finds that the international role of the euro remained stable throughout 2009. Despite the profound impact of the global financial crisis on overall financial market activity, the relative use of the euro and other major … Continue reading →
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Chronicle of Currency Collapses: Re-Examining the Effects on Output
Paper by Matthieu Bussière, Sweta C Saxena and Camilo Tovar Abstract: The impact of currency collapses (ie large nominal depreciations or devaluations) on real output remains unsettled in the empirical macroeconomic literature. This paper provides new empirical evidence on this … Continue reading →
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The Paradox of Toil
Paper by Gauti Eggertsson Abstract: This paper proposes a new paradox: the paradox of toil. Suppose everyone wakes up one day and decides they want to work more. What happens to aggregate employment? This paper shows that, under certain conditions, … Continue reading →
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What the Fed Did and Why
Remarks by Joseph S. Tracy, Executive Vice President, NY Fed (also see charts link below) I will outline the interventions that were carried out to mitigate the crisis, focusing on those conducted by the Federal Reserve. I will direct my … Continue reading →
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Markets and Government Before, During and After the 2007-20xx Crisis
Lecture by Tommaso Padoa-Schioppa The theme I have chosen for this lecture reflects the conviction that the market-government nexus lies at the heart of the crisis. It is the place where something went wrong. In summary, I shall argue that … Continue reading →
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Detecting and Interpreting Financial Stress in the Euro Area
ECB Paper by Marianna Blix Grimaldi Abstract: There is a need to find better models and indicators for large disruptive events, not least in order to be more prepared and mitigate their effects. In this paper we take a step … Continue reading →
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Are We Building the Foundations for the Next Crisis Already? The Case of Central Clearing
Paper by Jon Gregory Abstract: Counterparty risk has been at the heart of the recent crisis driven by the toxicity of over-the-counter (OTC) derivatives and failure of high profile financial institutions. This has led policymakers to propose laws that would … Continue reading →
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OIS Discounting
After extensive consultation with market participants, LCH.Clearnet has decided to move to OIS to ensure the most accurate valuation of its portfolio for risk management purposes. LCH.Clearnet already uses OIS rates to price the rate of return on cash collateral. … Continue reading →
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- SpongeBob fans add to BP anger - TelegraphThe great BP clean-up has begun. With the well capped and the chief exec axed (sorry, sidelined), the company can start the long process of purging both the beaches and its reputation of the dirty black marks of oil residue.0 comments […]
- shadow-economies-on-the-rise-around-the-world: Personal Finance News from Yahoo! Financeไทยติดอันดับ7ใน10ประเทศที่มีเศรษฐกิจเงา ที่ทับซ้อนเศรษฐกิจจริงของประเทศ คิดเป็นมูลค่า 57.2% ของจีดีพี http://yhoo.it/bimY7E0 comments […]
- BP's evaporating oil slick leaves America without a villain - TelegraphWith the gush from the BP oil spill plugged for the past two weeks, experts are beginning to question whether it can really be called an environmental disaster at all, writes Alex Spillius.0 comments […]
- The week's Top 10 videos on MarketWatch Top Ten - MarketWatchTop Ten: The week's Top 10 videos on MarketWatch: In case you missed them, here are the top 10 videos that appeare... http://bit.ly/9Nntyj0 comments […]
- Home Bancshares Buys Two Lenders as U.S. Failures This Year Climb to 108 - Bloomberg#Home Bancshares Buys Two Lenders as U.S. Failures This Year Climb to 108 - http://ow.ly/2jb390 comments […]
- G20 Riots: Ian Tomlinson 'attack officer' PC Simon Harwood pictured for first time - TelegraphG20 Riots: Ian Tomlinson 'attack officer' PC Simon Harwood pictured for first time: Telegraph.co.ukThe police offi... http://bit.ly/aZnmto0 comments […]
- Claridge's hotel owner looks to US private equity for help - TelegraphThe owner of Claridge's and The Connaught is close to finalising an emergency £600m restructuring that will see the private US property manager Westbrook Partners become a leading investor in the prestigous hotels group.0 comments […]
- Economy in U.S. Will Probably Keep Cooling as Lack of Jobs Limits Spending - BloombergEconomy in US Will Probably Keep Cooling as Lack of Jobs Limits Spending: The expiration of the incentive has caus... http://bit.ly/9wmhGQ0 comments […]
- FT.com / Books - The language of foodSimon Schama on the connection between language and food. http://bit.ly/dzLbMr0 comments […]
- SEC vs. the media, round two - Jul. 30, 2010SEC vs. the media, round two: The Securities and Exchange Commission was not seeking a blanket exemption from publ... http://bit.ly/dlZidN0 comments […]
- 7billion a year skimmed off our savings - TelegraphMore than £7.3billion a year is being “skimmed off” the value of Britons’ savings by City bankers and fund managers, an investigation by The Daily Telegraph has found.0 comments […]
- Home sellers are unhappy with real-estate firms Real Estate Weekly - MarketWatchHome sellers are unhappy with real-estate firms http://on.mktw.net/9S2AuJ0 comments […]
- China says it has overtaken Japan as world's No. 2 economy - Jul. 30, 2010RT @JobsDirectUSA: China says it tops Japan as No. 2 economy http://bit.ly/dmOyzM http://CarlosGil.us0 comments […]
- Worst job on Earth: calling all applicants - Jul. 30, 2010CNN ,Bloomberg: Worst job on Earth: BP calling all applicants http://bit.ly/cAy32m Full http://bit.ly/bxEWtL1 comment […]
- The Buzz: Consumers aren't spending. That's a good thing. - Jul. 30, 2010Consumers not spending like drunken sailors: The economy is heading nowhere fast. That's the bad news. But the goo... http://bit.ly/9PucjL0 comments […]