New Financial Instruments/Profitability of Banks
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Source ECB Financial Stability Review, June 2006 | ||||
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Fannie, Freddie and King Canute
16.09.2008
By: Satyajit Das
The problems at Fannie and Freddie, the need for recapitalisation and the reduction in leverage are symptomatic of the significant de-leveraging that is under way in the financial system. Governments and central banks can smooth the transition but they cannot prevent the adjustment.
Two scenarios for the financial crisis
07.09.2008
By: Wolfgang Munchau
There are two ways this crisis can development. The financial system will experience a systemic hit, or inflation might rebound. There are circumstances where both can happen.
"We interrupt regular programming to announce that the United States of America has defaulted …" Part 2
24.07.2008
By: Satyajit Das
This is the second and final part of the series.
"We interrupt regular programming to announce that the United States of America has defaulted …" Part 1
23.07.2008
By: Satyajit Das
This is the first of a two part series, looking at the solvency of the United States.