Tags » Financial Crises

Government, Economics ... And Hogwash!

My father and my professors all told me to deal with reality, so I am not an economist. They required that I was honest, so I am no politician. 498 more words


Fostering Dependency: The Candyman's Conundrum

I’ve been taken to task before for asserting that extended unemployment benefits aggravated the increase in the jobless rate during the so-called “Great Recession.” New research finds that those extensions actually were a primary contributor to the increase.  321 more words

Foreign Banks in Japan

In 2014, the International Bankers Association of Japan (IBA Japan) celebrates its 30th anniversary. For thirty years IBA Japan has represented the international banking community in Japan. 1,607 more words

Financial Crises

CoCo Bonds - Debt/Equity Hybrid Finance

Contingent convertible bonds or “CoCo” bonds are one of the newest assets classes to hit financial markets. Their purpose is to clear up uncertainties surrounding hybrid bonds. 312 more words


Scotland's currency options

One of the controversial topics in the debates of Scottish independence is the currency question. The other day, the Financial Times asked several economists to consider four options available to an independent Scotland: a currency union with the UK, sterlingisation (which would be the continued use of the pound sterling but without backing of the Bank of England), establishing a new Scottish currency, and joining the euro. 1,516 more words

Financial Crises

Blanchard on dark corners

Olivier Blanchard doesn’t exactly say *where* the dark corners are, but argues – quite correctly in my view – that the main objective of macro policy should be to stay away from them. 103 more words


Why we have financial crises

I believe the root cause of financial crises is in the fractional reserve system of creating money.  Therefore the way to avoid future crises is to change how we create money. 1,081 more words