Et in Arcadia ego
byContinued from Been there, done that, bought the T-shirt Having broadly tried to demonstrate where we differ from our rivals and where we find their…
Economics
Been there, done that, bought the T-shirt
byContinued from Scylla & Charybdis The guilty secret shared by many disciples of these two schools is that they are well aware that theirs…
Scylla & Charybdis
byContinued from The Divinity School debate. The devotees of monetarism start from the observation that what they call ‘money’ tends to move in a…
The Divinity School debate
by“…the stoppage of issue in specie at the Bank [in 1797] made no real addition to the financial powers of the country. On the…
ToP of the BoPs
byOver the past four decades the global economy has largely experienced prolonged imbalances, with countries running large current account deficits in symbiotic relationships with…
Fed tightens control over banks activities
byOn Tuesday July 2, US central bank policy makers voted in favour of the US version of the global bank rules known as the…
Bank reform demands monetary reform – an essay for Banking 2020
byThis article was published yesterday at stevebaker.info. Today sees the return of the Financial Services (Banking Reform) Bill to Parliament. It does not do enough. In…
The problem with regulation
byIt is seems to be universally agreed that regulation is a good thing, ensuring that people are treated fairly by unscrupulous businesses. Regulation is…
Forward Guidance? – Nonsense! Central bankers have no choice.
byAfter two decades of serial bubble-blowing, the world’s central bankers have maneuvered themselves into a corner. They created a monster in the form of…
Confessions of a central bank official (two in fact and one to come)
byCity A.M. reports today Dovish Carney stuns markets: EQUITY markets jumped yesterday after the Bank of England shocked investors by indicating that rates would…