Expected Losses are Not Baked into the Risk Weights
By Tim Bush and Kevin Dowd On December 15th 2015 there was an interesting exchange on the Treasury Committee between Steve Baker MP…
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The War on Cash: Haldane Edition
The Adam Smith Institute have recently published my report “Killing the Cash Cow: Why Andy Haldane is Wrong on Demonetisation” on Andy Haldane’s proposal…
Stress Tests don’t work
Criticisms of bank stress tests continue to mount, particularly as banks continue to struggle. A new problem recently emerged: the marked shortfall between the…
Great news for fans of monetary freedom – Liberty Dollar minter Bernard von NotHaus gets a presidential pardon …
… from president-elect Trump on the day before his inauguration: Readers will remember my dear friend Bernard, the Liberty Dollar man and self-confessed…
Central Banks Pray for Electoral “Shocks”. Forced to Nationalise Monte dei Paschi, Italy Looks in Trouble, but Cleverly Plays its Sicilian Defence.
Central Banking How will Central Banks cope with 2017 shocks? Perhaps new rules, one-off solutions, doubtless lots more QE. Populism will perhaps be their…
Don’t mention the V.A.R!
“Arriving late, Porter slips in the last row behind Danny. PORTER (whispers) Bear Stearns issued a press release denying rumours of liquidity…
Paul Krugman Has Gone Too Far This Time: Let’s Re-Train Him As a Cosmonaut
I admit it: I have never been a big fan of Paul Krugman. I do not care for his vulgar Keynesianism or his vulgar…
Annual IEA Hayek Memorial Lecture
The Institute of Economic Affairs and CQS are pleased to invite you to the Annual IEA Hayek Memorial Lecture. The lecture will be delivered…
Liam Fox’s Speech to the IEA on Honest Money
Dr Fox gave his speech on honest money to the IEA last week. The video can also be viewed here: http://www.iea.org.uk/multimedia/video/rt-hon-liam-fox-on-honest-money It is…
Interview with Andreas Antonopoulos on the Future of Bitcoin and Digital Currencies
Andreas M. Antonopoulos is a technologist and serial entrepreneur who has become one of the most well-known and well-respected figures in bitcoin. He is…