Global Economic News and Analysis
by William K. Black, New Economic Perspectives Editor’s note: This is a summary of the writings of Prof. Black over the past several years encompassing the manifest destiny of the political and economic thinking that resulted in the Great Financial Crisis. The author has called this a “postscript” to his widely acclaimed book. This editor …
Continue reading “Update: The Best Way to Rob a Bank is to Own One”
The debate is started by a Wall Street Journal column written by Wendy Long, Republican/Conservative Candidate for the U.S. Senate from New York. The reply is by William K. Black, a frequent contributor to Global Economic Intersection. A Smarter Approach to New York’s Banks by Wendy Long Since the financial crisis began in 2008, four …
Continue reading “The Great Debate©: Is More Financial Regulation Needed?”
by Guest Authors: Eric De Keuleneer, DeKeuleneer.com and Nastassia Leszczynska Editor’s Note: This is posted as a companion article to The Great Debate©: Will Dodd-Frank be Effective? Introduction: Economies of scale, optimal size and competition in banking It is worth looking at the last decennia in the banking sector to reflect on the relation between …
Continue reading “Size in Banking: Efficiency of Scale vs. Abuse of Power”
Written by Elliott Morss, Bradley G. Lewis and William K. Black Editor’s note: The question of whether the 2010 Dodd-Frank Act will be effective in reducing systemic risk in the financial sector was brought into new focus by a a featured article written by Gabriel Sherman last month in New York magazine. Sherman discussed ways …
Continue reading “The Great Debate©: Will Dodd-Frank be Effective?”
This is a debate between Scott R. Baker (Stanford Univ.), Nicholas Bloom (Stanford Univ.) and Steven J. Davis (Univ. of Chicago) PRO and William K. Black (Univ. of Missouri Kansas City) ANTI The first presentation in the debate (the PRO position) is an article from Bloomberg, dated October 5, 2011. This is followed by the …
Continue reading “The Great Debate©: Does Government Create Uncertainty and Prolong the Recession?”