Tuesday, September 16, 2014
  1. The People’s Corporations

    Lucy P. Marcus

    The People’s Corporations

    5

     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

  2. The Right Weights for Mortgage Risks

    Amit Tyagi

    The Right Weights for Mortgage Risks

    7

     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

  3. 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

  4. Should Venezuela Default?

    Ricardo Hausmann
  5. The BIS Bashers

    Mojmír Hampl

    The BIS Bashers

    2

     asks why so many central bankers have turned on the Bank for International Settlements.

    BIS headquarters Basel BIS headquarters/Wikimedia Commons

    The Bank for International Settlements exists not just to represent central banks, but also to offer ideas and intellectual feedback. Unfortunately, too many central bankers are seeking to marginalize the BIS in debates over "unconventional" monetary policy. READ MORE

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