Modeling problems in credit markets
James Hamilton, Econbrowser, March 10, 2010
The topic of a great number of academic papers now being written is to try to describe what happens when capital markets have trouble efficiently bringing borrowers and lenders together.
The Regulation Shell Game
Thomas F. Cooley, Forbes, March 10, 2010
Is the Fed going to get more or less power?
Stress tests underwater
R.A., Free Exchange, March 9, 2010
It is the case that troubled borrowers are very likely to have second liens. But is it the case that second liens are likely to belong to troubled borrowers?
Way Too Big To Save
Simon Johnson, The Baseline Scenario, March 9, 2010
Listening to US officials, talking to legal experts, and waiting for an intense Senate debate on financial reform to begin, you can easily form the impression that "too big to fail" adequately describes our most serious future systemic banking problems. It does not.
Lessons of a Dow Decade
Andy Kessler, Wall Street Journal, March 9, 2010
Capital misallocation is usually a fallout of bad government policy.