What Are the True Financial Risks of the Facebook-Led Digital Currency? (Part I: Systemic Risk) In medicine, “zebra” describes an instance when the doctor diagnoses an unlikely but eye-catching condition instead of a less noteworthy but more probable one that also fits the symptoms. Professor Theodore Woodward…
Research papers presented at November’s 34th Annual Monetary Conference: Central Banks and Financial Turmoil are now available in the latest edition of the Cato Journal. The articles investigate pressing questions like the monetary effects of macroprudential regulation, central banks and the debt trap, and the monetary transmission…
The title of this post, apart from alluding to Milton Friedman’s famous quip about Keynesian economics, is the title of a recent speech by Klaas Knot, President of the Netherlands Bank. Answering his own question, Knot says, … Yes – as long as we stay eclectic, pragmatic…
Editor's note: For some years now, Julien Noizet has been writing about the financial crisis and its aftermath for his blog, Spontaneous Finance. Having first come across that blog a year or so ago, I have been impressed by Julien’s insightful commentary, informed as it is by…