Competition and Finance
by[Editor’s note: The Cato Institute will be publishing Cobden Senior Fellow Kevin Dowd’s work “Competition and Finance” for free in ebook format. The following…
Regulation
‘The system has spun out of control’
byBook Review: The Death of Money: The Coming Collapse of the International Monetary System by James Rickards The title will no doubt give Cobden…
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…
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…
Collateral transformation: the latest, greatest financial weapon of mass destruction
byBack in 2006, as the debate was raging whether or not the US had a mortgage credit and housing bubble, I had an ongoing,…
Regulating banks the Austrian way
byMost people — from young to old and from all ends of the political spectrum — are united by a common bond. The idea…
A central banker worth hearing?
byI’m not aware of any unconditional support for central banking as such around The Cobden Centre but, nevertheless, occasionally a central banker says something…
How to fix financial services regulation
byAs I was reading of yet another spectacular mismatch between bank managers’ competence and their remuneration, and this time at JP Morgan no less,…
The canary in the gold mine
byIn 2007 there appeared the first signs of serious trouble in the US subprime mortgage market. While US Treasury Secretary Paulson assured investors that…
Financial regulators and the free market
byAdam Smith’s great insight was that in a commercial transaction both parties benefit. Before his time, it was generally believed that in an exchange…