Monday, September 22, 2014
  1. In Praise of China’s New Normal

    Yao Yang

    In Praise of China’s New Normal

    1

     points out that lower economic growth rates will remain the envy of the world.

    Skyscrappers in Shanghai Shanghai/Bowen Chin

    China’s economy is, at long last, undergoing a rebalancing, with growth rates having declined from more than 10% before 2008 to roughly 7.5% today. If this is China’s "new normal," it would still be the envy of the rest of the world. READ MORE

  2. Remaking the Money Market

    Mark Roe

    Remaking the Money Market

    2

     proposes steps to minimize the threat of another crisis.

    Janet Yellen Federal Reserve/Flickr

    Last month, at a US Federal Reserve Bank conference on the money market, officials lamented the market's enduring fragility. Six years after a run on the money market nearly brought the US – indeed, global – financial system to its knees, why has it still not been brought under control? READ MORE

  3. The People’s Corporations

    Lucy P. Marcus

    The People’s Corporations

    4

     says that companies have more power than ever before, but so do people.

    BP CEO Tony Hayward BP CEO Tony Hayward/Flickr

    Private companies wield more power than ever before; people who have not been popularly elected control more and more of our daily lives, from entertainment and energy supplies to schools and postal services. But people have grown more powerful, too, and now have the means to ensure that companies’ behavior does not go unchecked. READ MORE

  4. The Right Weights for Mortgage Risks

    Amit Tyagi

    The Right Weights for Mortgage Risks

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     calls for regulations that force banks to hold more capital during housing booms.

    housing development Julep67/Flickr

    The reliance of modern banking regulation on risk weighting is nowhere more important than in the mortgage market. Yet, though the Basel Committee on Banking Supervision proposed reforms after the 2008 crisis that are aimed at strengthening the financial system, mortgage regulations have changed little. READ MORE

  5. Restructuring Debt Restructuring

    Barry Eichengreen

    Restructuring Debt Restructuring

    4

     argues that in international capital markets, the perfect is the enemy of the good.

    empty pockets Peter Gerdes/Flickr

    Argentina's latest default was an episode from which no one – not the Argentine government, not the holdout investors that sued for full payment, and not US federal court judge Thomas Griesa, who ruled in favor of the "vultures" – emerged smelling like a rose. But sometimes the worst intentions yield the best results. READ MORE

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