Finance

Speculation, stabilizing or destabilizing?

Saving the (International) Dollar

When the survival constraint bites

And the nomination for best Perp Walk goes to…

And the nominees for Best Documentary are…

It is all about promises to pay in the future.

Before the dollar there was the pound, and after the dollar there will be something else.

Today’s Financial Times article: Report to highlight alleged conflicts of interest in Goldman’s dealings (Jan 12, 2011), Goldman’s pieties insult our intelligence (Jan 13, 2011)

GFC finance as war finance

This research project elaborates an original model of Keynesian demand-led growth and communicates Keynesian macroeconomic insights to a broad and diverse audience.

The project provides new ideas and policy proposals to contain the spread of systemic risk in the financial system through appropriate regulation of financial markets and intermediaries, as well as the design of monetary policy.

This research project develops a monograph on divergent stochastic time series that permits the modeling of capital, inventory, and financial capital in economies.

This research project develops an operational measure of systemic risk, as an input into the policy process by capturing the interaction of private and governmental sources of systemic risk during and in advance of the crisis.

Why is this a surprise?

Today’s Financial Times article: ECB: trick or Trichet (Dec 2)