Today, Alt-M features a guest blog post from Brian Nolan, a bank treasury professional and co-founder of Finteum in London, UK, which is creating an interbank market for intraday borrowing and lending. *** In a speech on February 6 at the Money Marketeers Club of New York…
Considering all the new tools the Fed has toyed with since the onset of the last crisis, one might find Mr. Quarles' stance refreshing. George Selgin fears, however, that he has chosen the wrong occasion on which to put a kind word in for old-fashioned bureaucratic inertia.
These are challenging times for monetary economists like myself, what with central banks making one dramatic departure after another from conventional ways of conducting monetary policy. Yet so far as I'm concerned, coming to grips with negative interest rates, overnight reverse repos, and other newfangled monetary control…