Paul Lachine

L’Erreur Capital(e) de la Régulation Bancaire

MEDFORD, MASSACHUSETTS – Imaginez si les discussions suscitées par le désastre de Hindenberg s’étaient centrées sur les extincteurs et les parachutes que les avions devraient transporter, au lieu des défauts de conception qui peuvent causer leur inflammation. Malheureusement, c’est exactement ce que les débats actuels sur la réforme du système bancaire sont en train de faire.

La première priorité des réformes devrait être de renverser le gigantisme et la robotisation du système bancaire. Jadis, les banquiers étaient sensés connaître chaque emprunteur et décidaient d’accorder un prêt au cas par cas. Aujourd’hui, par contre, les banques utilisent des modèles mis au point à distance par des magiciens de la finance, afin de produire du crédit en masse et un ensemble de produits dérivés. La production de masse favorise l’émergence de méga-banques, de sorte que, au contraire des erreurs de jugements des banquiers traditionnels, les modèles défectueux de ces monstres ont eu des conséquences désastreuses.

Plusieurs personnes, dont le Gouverneur de la Banque d’Angleterre Mervyn King, ont avancé des propositions radicales qui aideraient à restaurer un système plus résistant. Pourtant, ces propositions ont été couvertes par la discussion bruyante de mesures qui ne font rien pour solutionner les défauts fondamentaux du système bancaire moderne.

To continue reading, please log in or enter your email address.

Registration is quick and easy and requires only your email address. If you already have an account with us, please log in. Or subscribe now for unlimited access.

required

Log in

http://prosyn.org/5QM8j8E/fr;
  1. China corruption Isaac Lawrence/Getty Images

    The Next Battle in China’s War on Corruption

    • Chinese President Xi Jinping knows well the threat that corruption poses to the authority of the Communist Party of China and the state it controls. 
    • But moving beyond Xi's anti-corruption purge to build robust and lasting anti-graft institutions will not be easy, owing to enduring opportunities for bureaucratic capture.
  2. Italy unemployed demonstration SalvatoreEsposito/Barcroftimages / Barcroft Media via Getty Images

    Putting Europe’s Long-Term Unemployed Back to Work

    Across the European Union, millions of people who are willing and able to work have been unemployed for a year or longer, at great cost to social cohesion and political stability. If the EU is serious about stopping the rise of populism, it will need to do more to ensure that labor markets are working for everyone.

  3. Latin America market Federico Parra/Getty Images

    A Belt and Road for the Americas?

    In a time of global uncertainty, a vision of “made in the Americas” prosperity provides a unifying agenda for the continent. If implemented, the US could reassert its historical leadership among a group of countries that share its fundamental values, as well as an interest in inclusive economic growth and rising living standards.

  4. Startup office Mladlen Antonov/Getty Images

    How Best to Promote Research and Development

    Clearly, there is something appealing about a start-up-based innovation strategy: it feels democratic, accessible, and so California. But it is definitely not the only way to boost research and development, or even the main way, and it is certainly not the way most major innovations in the US came about during the twentieth century.

  5. Trump Trade speech Bill Pugliano/Getty Images .

    Preparing for the Trump Trade Wars

    In the first 11 months of his presidency, Donald Trump has failed to back up his words – or tweets – with action on a variety of fronts. But the rest of the world's governments, and particularly those in Asia and Europe, would be mistaken to assume that he won't follow through on his promised "America First" trade agenda.