Economia
"The trouble with the world is not that people know too little, but that they know so many things that aren't true."--attributed to Mark Twain Easy answers are seldom correct ones. That principle seems to be at work as the nation struggles to discover the causes of the financial crisis now rocking the economy. Looking for a simple and politically convenient villain, many politicians have blamed deregulation by the Bush Administration. ... presidential candidate Barack Obama asserted in the second presidential debate that "the biggest problem in this whole process was the deregulation of the financial system." But there is one problem with this answer: Financial services were not deregulated during the Bush Administration. If there ever was an "era of deregulation" in the financial world, it ended long ago. And the changes made then are for the most part non-controversial today... A False Narrative. In the wake of the financial crisis gripping the nation, it is tempting to blame “deregulation” for triggering the problem. After all,if the meltdown were caused by the ill-advised elimination of necessary rules, the answer would be easy: Restore those rules. But that storyline is simply not true. Not only was there little deregulation of financial services during the Bush years, but most of the regulatory reforms achieved in earlier years mitigated,rather than contributed to, the crisis. http://www.heritage.org/Research/Economy/upload/wm_2109.pdf
- Basileia Iii - Regulamentação Do Capital No Setor Bancário
July 29, 2011 Policy Analysis no. 681 Capital Inadequacies: The Dismal Failure of the Basel Regime of Bank Capital Regulation The Basel regime is an international system of capital adequacy regulation designed to strengthen banks' financial health...
- A Orígem Da Crise Financeira
John B. Taylor: "... My research shows that government actions and interventions -- not any inherent failure or instability of the private economy -- caused, prolonged and dramatically worsened the crisis. The classic explanation of financial crises is...
- Política De Demanda Agregada
"... Barack Obama’s top economic adviser has urged world leaders to pump more public money into the economy in a co-ordinated effort to boost demand and lift the world out of recession. In an interview with the Financial Times, Lawrence Summers said...
- Uma Autópsia Do Sistema Financeiro Americano
O abstract do recente artigo de Ross Levine é o seguinte: "In this postmortem, I find that the design, implementation, and maintenance of financial policies during the period from 1996 through 2006 were primary causes of the financial system’s demise....
- Uma Proposta De Reforma Do Sistema Financeiro
Novo artigo de Alberto Giovanni, que parte de alguns princípios fundamentais, como a importância de informação assimétrica e falta de liquidez na geração de crises financeiras: "In this paper I highlight some fundamental characteristics of the...
Economia
Conhecimentos errados
"The trouble with the world is not that people know too little, but that they know so many things that aren't true."--attributed to Mark Twain Easy answers are seldom correct ones. That principle seems to be at work as the nation struggles to discover the causes of the financial crisis now rocking the economy. Looking for a simple and politically convenient villain, many politicians have blamed deregulation by the Bush Administration. ... presidential candidate Barack Obama asserted in the second presidential debate that "the biggest problem in this whole process was the deregulation of the financial system." But there is one problem with this answer: Financial services were not deregulated during the Bush Administration. If there ever was an "era of deregulation" in the financial world, it ended long ago. And the changes made then are for the most part non-controversial today... A False Narrative. In the wake of the financial crisis gripping the nation, it is tempting to blame “deregulation” for triggering the problem. After all,if the meltdown were caused by the ill-advised elimination of necessary rules, the answer would be easy: Restore those rules. But that storyline is simply not true. Not only was there little deregulation of financial services during the Bush years, but most of the regulatory reforms achieved in earlier years mitigated,rather than contributed to, the crisis. http://www.heritage.org/Research/Economy/upload/wm_2109.pdf
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- Basileia Iii - Regulamentação Do Capital No Setor Bancário
July 29, 2011 Policy Analysis no. 681 Capital Inadequacies: The Dismal Failure of the Basel Regime of Bank Capital Regulation The Basel regime is an international system of capital adequacy regulation designed to strengthen banks' financial health...
- A Orígem Da Crise Financeira
John B. Taylor: "... My research shows that government actions and interventions -- not any inherent failure or instability of the private economy -- caused, prolonged and dramatically worsened the crisis. The classic explanation of financial crises is...
- Política De Demanda Agregada
"... Barack Obama’s top economic adviser has urged world leaders to pump more public money into the economy in a co-ordinated effort to boost demand and lift the world out of recession. In an interview with the Financial Times, Lawrence Summers said...
- Uma Autópsia Do Sistema Financeiro Americano
O abstract do recente artigo de Ross Levine é o seguinte: "In this postmortem, I find that the design, implementation, and maintenance of financial policies during the period from 1996 through 2006 were primary causes of the financial system’s demise....
- Uma Proposta De Reforma Do Sistema Financeiro
Novo artigo de Alberto Giovanni, que parte de alguns princípios fundamentais, como a importância de informação assimétrica e falta de liquidez na geração de crises financeiras: "In this paper I highlight some fundamental characteristics of the...