Financial regulation changed for the worse after the crisis
In his last speech as a Fed Governor, Daniel Tarullo offered his opinion on the regulatory reform efforts he lead. The speech... Read More
Transparency and the Monte Paschi bailout
The bailout of the Italian bank Monte Paschi provides a great illustration of why banks must provide transparency. Driving the need for... Read More
Transparency, Central Banks and Bank Supervision
The St. Louis Fed published an article by Julie Stackhouse explaining why bank supervision was a necessary part of the Fed if... Read More
Information Matrix Revisited
Having talked with several economists and finance professors, it is clear my presentation of the Information Matrix in Transparency Games and subsequently on... Read More
Trump’s Regulation Monitors
One of the Trump Administration’s stated goals is the deconstruction of the administrative state in the US by rolling back existing regulations... Read More
Clearly policymakers learned nothing from the financial crisis
Satyajit Das wrote an interesting column about how rather than dismantling the financial doomsday machine that failed so spectacularly in 2008/2009, policymakers... Read More
Dismantling Dodd-Frank is a necessity
Given the difficulty the Republicans are experiencing in their efforts to repeal and replace ObamaCare, they need a roadmap for dismantling the... Read More
Banker misbehavior becomes cost of doing business
According to the Boston Consulting Group, since 2008, fines for banker misbehavior have cost bank shareholders $312 billion. As a result, As... Read More
Will China discover financial transparency?
In its search for a way to wean investors off of implicit government guarantees, will the Chinese government discover financial transparency? As... Read More
We are unlikely to spot the next financial crisis
In a moment of surprising honesty, Gertjan Vlieghe, a Bank of England monetary policy official, summarized the problems with even the fanciest economic... Read More
Fed Up: a brief book review
In her book, Fed Up: An insider’s take on why the Federal Reserve is bad for America, Danielle DiMartino Booth explains why... Read More
Deutsche Bank’s hollow apology
Shortly after settling with and agreeing to pay a several billion dollar fine to the US for its pre-2008 handling of mortgage-backed... Read More
The crisis in economics
Since the Queen of England asked why the economics profession had not seen the financial crisis coming, the profession has been in... Read More
Transparency and climate change
In a recent column in the Guardian, Mark Carney and Michael Bloomberg talked about how managing climate change required information. From rising... Read More
Transparency and Obama’s Legacy
Over the next couple of months, much will be written about Barack Obama’s presidential legacy. A significant amount of time will be... Read More