Rearranging Deck Chairs on the Bank Regulatory Titanic
In the aftermath of the acute phase of the Great Financial Crisis, the roles and responsibilities of the bank regulators were dramatically... Read More
Wall Street Phishes for Fools, aka Confident Idiots
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One of the central themes of this blog is Wall Street’s business model of selling opaque investments. Wall Street understands everyone likes... Read More
PhD Economist Derp: We’re Experts in …
The famous adage “a little knowledge is a dangerous thing” applies to PhD Economists in spades. And nowhere is this more true... Read More
Storytelling and the Information Matrix
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Everyone likes a good story. It is so ingrained in who we are. When we talk to each other, we tend to... Read More
Information Matrix and Brevan Howard Centre Research Agenda
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Recently, I stumbled across the research agenda for the Imperial College London’s Brevan Howard Centre for Financial Analysis. The Lion’s Share of... Read More
PhD Economist Derp: Shadow Banking is a Creature of the Night
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Since the acute phase of the Great Financial Crisis began in September 2008, there has been an explosion of articles by PhD... Read More
Wall Street and the Volcker Rule
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In a terrific article, Andrew Cockburn looks at how Wall Street influenced and still influences at both the legislative and regulatory level... Read More
Gary Gorton and the Panic of 2007
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As I was reading Professor Gorton’s article for the 2008 Jackson Hole conference, I realized it confirms everything I have said about... Read More
Is Transparency Too Complex for Economists to Understand?
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Over the last couple of decades, it has become increasingly apparent to me the concept of transparency is too complex for Economists.... Read More