March 29th, 2015
in Op Ed
by William K. Black, New Economic Perspectives
This is the third column in what I intended to be my three-part series (see end of this article) about Citi's most famous whistleblower, Richard M. Bowen, III. In this column I discuss Bowen and Citi's senior (but not controlling) officers' presentations before the Financial Crisis Inquiry Commission (FCIC).
by Ajay Shah, ajayshahblog
Editor's note: What part of economics is real and what is fake? What is valuable and what is counterfeit? Haven't we all questioned whether a model used to characterize expected trends in the macro economy can be expected to produce any accurate forecasts? All too often the usefulness of a model is limited by the assumptions of the researcher, sometimes clearly presented and sometimes not (and maybe not even recognized as assumptions by the researcher). Prof. Shah contemplates one aspect of this question as it specifically relates to the economics of India.
by Roger Erickson
If a collection of cells (you) can act entrepreneurially, why can't a collection of 330 million citizens act as a team? They can? How? How often WILL they? And why not all of the time, or at least more often than we have been cooperating recently?
March 27th, 2015
in Op Ed
China’s leadership of a new global financial institution, the Asian Infrastructure Investment Bank (AIIB) is proving divisive. This month has seen a number of European countries apply to be founding members, including the UK, France and Germany, to the chagrin of the US. Now, however, the US is proposing that the bank work in a partnership with the development institutions where it takes the lead, such as the World Bank and Asian Development Bank.
March 25th, 2015
in Op Ed
by Seth Mason, Solidus Center
Recently, two prominent Republicans, Banking Chairman Richard Shelby of Alabama and House Financial Services Jeb Hensarling of Texas, stated that they plan to explore proposals that would roll back a long-standing provision that gives the president of the New York Federal Reserve an automatic position as vice chairman of a powerful committee that oversees Wall Street banks.