Financial Markets
Wide World of ESG: Understanding Investor Demand
As we continue here at the CMFA to span the globe to cover the ever increasing growth of ESG (Environmental, Social, and Governance)-related financial regulatory issues, I’m reminded of my favorite part of watching live sports: being part of a crowd. The energy inside the stadium is…
Economic Thought, Financial Markets, Inflation & Deflation, Money & Politics, News, The Fed & Central Banks
A Primer on Inflation
Everyone is talking about inflation, but what is it? Why does it matter? What causes it? And what can the Federal Reserve do about it? This primer will address those questions with the goal of improving the public’s understanding of inflation and the role of the central…
Has Bitcoin Succeeded?
The answer depends on what you mean. Succeeded at what? With the US dollar price of Bitcoin reaching an all-time high above $23,000 this month, and its market cap reaching an all-time high above $400 billion, there has been much celebration among Bitcoin holders about their success…
Economic History, Financial Markets, Legal Analysis, Money & Politics, News, The Fed & Central Banks
Ending the Fed’s Emergency Lending Facilities: Mnuchin v. Waters
On November 19, Treasury Secretary Steven Mnuchin announced that he would sunset five of the Federal Reserve’s emergency lending programs at year-end: the Primary Market Corporate Credit Facility, Secondary Market CCF, Municipal Liquidity Facility, Main Street Lending Program, and Term Asset-Backed Securities Loan Facility (TALF). His decision,…