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epicureandealmaker.blogspot.com | ||
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www.chrisritchie.org
Investing tidbits, inflation, and recent economics headlines. |
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www.moneyandbanking.com
The regulatory reforms that followed the financial crisis of 2007-09 created a financial system that is far more resilient than the one in place 15 years ago. Yet, the events of March 2023 make clear that the progress thus far is simply not enough. To ensure resilience, we need to do more. To steer the process of further reform, we propose a set of 10 precepts that those who make the rules should keep in mind as they refine the prudential framework. These practical guidelines lead us to conclusions that mirror those in a recent post: regulation should be more rule-based (less reliant on supervisory insight or discretion); simpler and more transparent; stricter and more rigorous; and more efficient in its use of resources. Concretely, this approach means incr... |
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www.macroresilience.com
In an earlier post, I compared Minsky's Financial Instability Hypothesis with Buzz Holling's work on ecological resilience and briefly touched upon the consequences of wildfire suppression as an example of the resilience-stability tradeoff. This post expands upon the lessons we can learn from the history of fire suppression and its impact on the forest ecosystem in the United States and draws some parallels between the theory and history of forest fire management and macroeconomic management. Origins of ... |
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www.petermartin.com.au
Ten months ago, surrounded by finance ministers and the financial elite from the world's 20 biggest economies, Australia's Treasurer Joe H... |
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