New Financial Instruments/Profitability of Banks
 | |  | |  |
Source ECB Financial Stability Review, June 2006 | ||||
|
What is to be done
26.05.2008
By: Satyajit Das
The authors a number of constructive proposals to solve the credit crisis - one is to replace mark-to-market with mark-to-maturity. In this article he explains in detail how this can be done, and why this works.
Nuclear De-Leveraging
12.05.2008
By: Satyajit Das
Equity markets believe the worst is over. Banks also seem to have convinced themselves that the worst is behind us. There is limited recognition of the massive de-leveraging of the global financial system that is under way.
Global adjustment will be long and painful
29.04.2008
By: Wolfgang Münchau
There are no multiple crises - there is only a single crisis, one of global macroeconomic adjustment. It is for that reasons that the finanical crisis is not yet over.
Central bankers cannot stop this contagion
10.03.2008
By: Wolfgang Münchau
Cutting interest rates gives the worst of all worlds: no economic relief, plus a rise in inflationary expectations.