Posts filed under “Think Tank”

Asset Trading and Valuation with Uncertain Exposure

Category: Think Tank, Trading

LIBOR: The World’s Most Dishonest Number

  The FDIC has sued 16 of the largest banks in the world plus the British Bankers Association (BBA) alleging that they engaged in fraud and collusion to manipulate the London Inter-bank Offered Rate (LIBOR).  BBA called LIBOR “The most important number in the world.” LIBOR is actually many numbers that depend on the currency…Read More

Category: Legal, Think Tank

Kocherlakota’s Dissent

Statement on Kocherlakota Vote at March 19, 2014, Meeting of the Federal Open Market Committee Narayana Kocherlakota – President FOMC March 21, 2014     Note* I view the March 19 Federal Open Market Committee (FOMC) statement as an unusually significant one. In that statement, the FOMC adopted new forward guidance about the evolution of…Read More

Category: Federal Reserve, Think Tank

Kiron Sarkar Weekly Report 9.23.14

Overview The (unintended, I believe) remark by Mrs Yellen that the FED could raise interest rates 6 months following the end of the tapering programme has had ripple effects worldwide. US bond yields (the 10 year is yielding 2.78%)  and the US$ have appreciated, with the Yen and the Euro lower. The weaker Euro (around…Read More

Category: Markets, Think Tank

Category: Cycles, Economy, Think Tank

Category: Real Estate, Think Tank

Sovereign-Bank Nexus

Category: Credit, Think Tank

Behaviorally Informed Financial Services Regulation

Category: Psychology, Regulation, Think Tank

If They Will Lend, Someone Will Spend (on Something)

If They Will Lend, Someone Will Spend (on Something) Paul Kasriel March 17, 2014     Upon awakening from my winter hibernation way up here in beautiful northeastern Wisconsin, I have noticed that bank asset managers have been anything but hibernating. Rather, they have been quite busy expanding their loans and securities. As shown in…Read More

Category: Credit, Federal Reserve, Think Tank

Equilibrium Tax Rates and Income Redistribution

Category: Taxes and Policy, Think Tank