…preparing consolidated financial statements 12 years ago, three major impediments have continued to prevent us from rendering an opinion on the accrual basis consolidated financial statements over this period of…

Robert Waldmann has become interested in Credit Default Swaps. I’m not just wondering whether they played a major role in destroying the world financial system or were just along for…

…have been permitted to seep back in to our financial markets. Although the particulars are different, my reading of financial history suggests that the abuses and risks are all too…

…financial assets. What they don’t seem to realize is that the net holdings of global financial assets minus liabilities — claims and counterclaims — is always exactly zero. By accounting…

…for retiree health benefits accounts for all of the Postal Service’s financial problems.” No one believes that prefunding accounts for all of the financial problems, but clearly it accounts for…

by Joseph Joyce The Repercussions of Financial Booms and Crises Financial booms have become a chronic feature of the global financial system. When these booms end in crises, the impact…

…MetLife, whose business extends far beyond individual life insurance, a systemically important financial institution. Other firms faced with this designation have tried to get out by changing their business models….

…to normalcy, and the financial and banking regulations–including capital account controls–enacted since the crisis as an attempt to provide stronger defenses against a recurrence of financial volatility. But the history…

by Joseph Joyce Capital Flows and Domestic Responses The international impact of financial shocks became apparent during the global financial crisis. But how do financial flows affect economic conditions during…

(Dan here…posted a day later) The Financial Crisis Tenth Anniversary Yesterday, August 9, is being widely proclaimed as the tenth anniversary of the beginning of the financial crisis that fully…