Les Grands Esprits Se Rencontrent
Reform International Financial Regulatory Framework: A Few Remarks by the People’s Bank of China
The Market Mystique by Paul Krugman
We need a better cushion against risk by Alan Greenspan
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Recent Entries - Greek Government Bond Market
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- Sterling Today
- Sovereign Risk Jolts Markets
- Monthly Trading Volumes in Greek Government Bonds
- Eurostat Statement on Greece’s Use of Derivatives
- The Bank Lending Channel Revisited
- The Future of Public Debt
- Systemic Risk: How To Deal With It?
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- Papers => FRBNY
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- Scariest Chart EVER: Loss Severity, Subprime First-Lien
- Google CDS => AAA
- Empty Creditor Claim
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- Quotes of the Day
- Fed’s MBS Program
- Variability in Nucleus Accumbens Activity Mediates Age-Related Suboptimal Financial Risk Taking
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- Worth Reading
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- Scorecard: Gross National Savings (% of GDP)
- Withdrawal and Expulsion from the EU and EMU: Some Reflections
- Review of the Differentiated Nature and Scope of Financial Regulation
- Link of the Day
- Summary of a Workshop on Recent Advances in Modelling Systemic Risk Using Network Analysis
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- The Mechanics of a Graceful Exit: Interest on Reserves and Segmentation in the Federal Funds Market
- [Update] Why Are Banks Holding So Many Excess Reserves?
- Basel Committee: Consultative Proposals to Strengthen the Resilience of the Banking Sector
- The World’s Riskiest Sovereign Debt (Update)
- The World’s Safest Sovereign Debt (Update)
- Liquidity Hoarding and Interbank Market Spreads: The Role of Counterparty Risk
- Sovereign and Bank Credit Risk Premia during 2008-09
- Macro Stress Tests and Crises: What Can We Learn?
- Dollar Appreciation in 2008: Safe Haven, Carry Trades, Dollar Shortage and Overhedging
- Interbank Offered Rate: Effects of the Financial Crisis on the Information Content of the Fixing
More: List of All Posts
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Blogs The Epicurean Dealmaker
The Downside of Anger
An angry man opens his mouth and shuts his eyes.— Cato the ElderAnger is seldom without argument but seldom with a good one.— Lord HalifaxAnyone can become angry — that ... [Link]
Money Supply
Geithner eyes economic reinforcements
As it turns out, the Federal Reserve System has about 20 times the number of economists as the US Treasury. Tim Geithner, Treasury secretary, noted the diminishing number of US ... [Link]
The Aleph Blog
The Rules, Part III
Okay, here is tonight’s rule: The assumption of normality for asset price changes is wrong in virtually every financial market setting. The proper distributions are fatter tailed and more negatively ... [Link]
Le blog d'éconoclaste
J'hésite
Chers lecteurs, mon temps et mon énergie sont comptés et j'ai envie de parler de trois sujets, mais ne peut dans l'immédiat en traiter qu'un. Quelles sont vos préférences? J'hésite ... [Link]
A Dash of Insight
Requisite Investor Skills: Think Critically and Accept New Evidence
Critical thinking helps in any field. I have the pleasure of participating in a discussion list that explores many issues where critical thinking is a focus. The members have a ... [Link]
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jck [at]
aleablog [dot] com
March 27th, 2009 at 4:43 pm
How much is Greenspan … overconceptualizing?
It was all the fault of models that confounded prudence? Now that we have some facts of individual cases, how can that be true?
Krugman appears not to read ALEA blog, or he’d have noticed your chart of U.S. versus European securitizations. That’s a really hard chart to interpret, just now, but some of those interpretations are plain unsettling…
March 27th, 2009 at 5:18 pm
I think it was all the fault of people not using their brain, I am disappointed that the Maestro is still blaming models. ’tis not the model, ’tis the peopletm
As for Paul K. I think he is dead wrong about securitization just as Greenspan is on blaming models and for the same reason.
I updated the ABS chart.