The initial enthusiasm for implementing blockchain in financial markets has been dampened considerably by its collision with economic …
Risk
Monetary Policy Implementation: Making Better and More Consistent Use of...
Since December 2015, the Federal Reserve has operated a new “floor system” in which it brings about desired …
The Strange and Futile World of Trade Wars
U.S. President Donald Trump has a misguided, mercantilist view of international trade. He believes that an external (or …
The Fed’s Communications: Suggestions for Improvement
The chief economist of Berenberg Capital Markets proposes three broad ways of improving the Fed’s communications: (1) establish …
The Great Crash of 1929: A Look Back After 90...
The Great Crash of 1929 ranks among the climactic events of the last century, apparently heralding the beginning …
How to Promote Fed Independence: Perspectives from Political Economy and...
In two short histories of the independence of the U.S. Federal Reserve Bank since its creation in 1913—the …
Morgan Stanley Roundtable On Private Equity And Its Import For...
The role of private equity in global capital markets appears to be expanding at an extraordinary rate. Morgan …
Risk Management Failures: What Are They And When Do They...
The difficulties of the past year have convinced many observers that current risk management practices are deeply flawed, …
How Companies Can Use Hedging To Create Shareholder Value
This article provides a framework for designing and evaluating corporate risk management and hedging programs. Corporate risk management …
Risk-Taking And Risk Management By Banks
A well-governed bank takes the amount of risk that is expected to maximize its share-holder wealth, subject to …