How Onerous Are Basel III’s Constraints On Bank Leverage?
byIt is generally acknowledged that high bank leverage was a key factor contributing to the severity of the Global Financial Crisis. For the UK,…
Central Banking
Are Bank Capital Requirements Really Ten Times Higher Than Before The Crisis?
byA major theme in Bank of England speeches over the last three years has been the ‘Ten Times’ story: bank capital requirements are now…
How can the Fed possibly unwind QE?
byThere are currently two important items on the Fed’s wish list. The first is to restore interest rates to more normal levels, and the…
THE FICTION OF THE ‘GREAT CAPITAL REBUILD’
byThe central element of the Bank of England’s narrative on the UK banking system is the ‘Great Capital Rebuild’. To paraphrase Governor Carney’s comments…
A Letter to Governor Carney from Professor Kevin Dowd
byDear Governor Carney, I thank your colleagues and yourself for taking the time to meet me on my visit to the Bank earlier…
Cobden Centre Seminar at the Bank of England – Detlev’s Speech
bySpeech – Bank of England July 11, 2017 From Gold Standard to PhD Standard – The last 100 Years of Money and Central Banking…
Bank of England Seminar Last Week – Thanks to the Bank
byThanks to the Bank of England for inviting us to do a seminar on the Austrian School of Economics last Tuesday. Cobden Centre contributors Detlev…
Zero Hedge: Fed Chair Janet Yellen Warns Congress US Debt Trajectory Is Unsustainable
byDuring her testimony this morning, Fed Chair Janet Yellen urged Congress to take into account the growth trajectory of the federal debt when making decisions…
The Bernanke-Yellen Bubble-Depression
byby Mark Thornton Source here: https://mises.org/blog/bernanke-yellen-bubble-depression In a recent article I advocated for a new way of naming business cycles. The new approach emphasizes the cause rather than the…
Understanding money and prices
byThis article explains the money side of prices, and why government currencies, unbacked by gold, are doomed to collapse. And why gold, which is…