- This Is From The Wall Street Journal
- Momentum in Stock Market Returns: Implications for Risk Premia on Foreign Currencies
- Links
- DTCC Posts 6-Month Market Activity Snapshot on CDS Market
- Default in Today’s Advanced Economies: Unnecessary, Undesirable, and Unlikely
- The Impact of Banks’ Cumulative Reserve Position on Federal Funds Rate Behavior
- A Wolf in Sheep’s Clothing
- TBA Trading and Liquidity in the Agency MBS Market
- Impact of High and Growing Government Debt on Economic Growth
- Financial Amplification of Foreign Exchange Risk Premia
- The Central-Bank Balance Sheet as an Instrument of Monetary Policy
- Exorbitant Privilege and Exorbitant Duty
- The Information Value of the Stress Test and Bank Opacity
- Price of Risk—Recent Evidence from Large Financials
- Shadow Banking
- Summer Doldrums
- Credit Default Swaps: What Are the Social Benefits and Costs?
- The International Role of the Euro
- Chronicle of Currency Collapses: Re-Examining the Effects on Output
- The Paradox of Toil
- Links
- What the Fed Did and Why
- Markets and Government Before, During and After the 2007-20xx Crisis
- Detecting and Interpreting Financial Stress in the Euro Area
- Are We Building the Foundations for the Next Crisis Already? The Case of Central Clearing
- Links
- Links
- OIS Discounting
- Multimarket Trading and the Cost of Debt: Evidence from Global Bonds
- Is Economics Coursework, or Majoring in Economics, Associated with Different Civic Behaviors?
- China’s High Saving Rate: Myth and Reality
- Oil Spill
- Eurozone €440 Bln SPV Aid Fund
- ECB Financial Accounts and ECB Financial Strength
- Central Bank Swap Networks
- DTCC Posts CDS Market Activity Snapshot
- ECB: Financial Stability Review (June 2010)
- Global CDO Issuance by Transaction Structure
- Links
- TBAC Minutes: Sovereign CDS and Swap Spreads
- Goldman Sachs Underwriting Market Shares in Subprime RMBS and CDOs
- Abacus for Dummies
- The World’s Safest and Riskiest Sovereign Debt (Update)
- Increased Sovereign Risk Behind Negative Swap Spreads
- Haircuts
- Markets, Religion, Community Size, and the Evolution of Fairness and Punishment
- Beyond the Dollar: Rethinking the International Monetary System
- Links
- Amazing Discovery
- ABCP Outstanding: Still Crashing
Monthly Archives: November 2009
Links
Ari Kiev, a Psychiatrist, Dies at 75 The U.S. Economy’s $1 Trillion Question Are bank reserves special? see page 16 A Better Start To The Week S&P updates global bank risk-adjusted capital ratios but wide variations remain The ‘Greek Problem’ … Continue reading
Bundesbank: Financial Stability Review 2009
Financial Stability Review 2009, German financial system stabilised – challenges remain (p.r.) Financial Stability Review 2009 (report) worth reading: The relationship between leverage and the repo market p. 36 // Continue reading
A Note on Trader Sharpe Ratios
Paper by John M. Coates, and Lionel Page Abstract: Traders in the financial world are assessed by the amount of money they make and, increasingly, by the amount of money they make per unit of risk taken, a measure known … Continue reading
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Selfishness, finance, and the ‘greatest trade ever’ Do Alternative Measures of GDP Affect Its Interpretation? Goldman Sachs: the case for the defence A Closer Look at Rajaratnam’s Legal Defense Fed Said to Ask Stress-Tested Banks to Submit Plans on TARP … Continue reading
Rowing and the Same-Sum Problem Have Their Moments
Paper by John D. Barrow Abstract: We consider the optimal positioning of an even number of crew members in a coxless racing boat in order to avoid the presence of a sideways wiggle as the boat is propelled forwards through … Continue reading
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Harvard Poker Pro Says Texas Hold ‘Em Can Teach Traders to Fold A yuan-sided argument Zhou Says China ‘Passive’ as Dollar Drop Pulls Yuan Invisible bond vigilantes Exit strategies: the international dimension by Lorenzo Bini Smaghi Unintended Consequences on Wall … Continue reading
Ten Propositions about Liquidity Crises
A liquidity crisis is defined as a sudden and prolonged evaporation of both market and funding liquidity, with potentially serious consequences for the stability of the financial system and the real economy. Market liquidity is defined as the ability to … Continue reading
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Shut up, Lloyd Blankfein! Paulson on Bank of America: Stock Could ‘Almost Double’ Icap predicts surge in CDS and interest rate swaps The View from the Ivory Tower How the AIG bailout scuttles chances for a second stimulus Compassion Fatigue … Continue reading
Trichet on the Euro as Reserve Currency
Q: Is the euro set to replace the dollar as a reserve currency? A: The euro was not created to compete with the US dollar or to replace the dollar as international reserve currency. It was created in order to … Continue reading
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With Dark Pool Regulation, Be Careful What You Wish For Banks sense danger, warn Congress on breakup power The uncomfortable position of UBS America’s Newest Land Baron: FDIC Linkages between Monetary and Regulatory Policy: Lessons from the Crisis Jean-Claude Trichet, … Continue reading