Salz Review of Barclays’ Business Practices. Euro zone clamor drowned out Cypriot bank warnings. TPSI_009_Perfect_Storm_009. IS U.S. GOVERNMENT DEBT DIFFERENT? Debt-Deflation Theory of Great Depressions. Antonio Damasio: INET Keynote Address "Human Decisions" If We Don’t Measure Leverage, We Risk More Crises. You can’t control what you don’t measure.
In engineering, control theory is all about using information gained by measuring a system to plan and carry out intelligent actions that will control it. Ideally, it leads to desirable outcomes, such as a nuclear reactor that doesn’t melt down, or a robotic arm that does precisely what it is supposed to do. In the case of the economy, we might not be measuring everything we need to achieve control. Fcic_final_report_full. Is Shadow Banking Really Banking? The Regional Economist | October 2011 By Bryan J.
Noeth and Rajdeep Sengupta The term "shadow banking" has been attributed to 2007 remarks by economist and money manager Paul McCulley to describe a large segment of financial intermediation that is routed outside the balance sheets of regulated commercial banks and other depository institutions. Shadow banks are defined as financial intermediaries that conduct functions of banking "without access to central bank liquidity or public sector credit guarantees.
" “Misunderstanding Financial Crises”, a Q&A with Gary Gorton. I have unfortunately not yet read Prof.
Gorton's book, so my comments below are on the Q&A in FT Alphaville. I'm grateful to a friend who called my attention to it asking for comments because there is nothing like commenting on other people's work to focus one own's thoughts. Hurried readers may jump to the conclusions below. " Of great interest, for the deep misunderstandings that I think underpin the thinking of such authoritative author.