rdan GAO has a report on regulation deficiencies of financial markets: Several key changes in financial markets and products in recent decades have highlighted significant limitations and gaps in the…

…respond to financial crises centered on nonfinancial institutions? A premise of our system is that banks accept much closer supervision from public authorities in return for privileged access to the…

…any European financial systems in danger of meltdown? Why not? I like to think of myself as a serious econ-blogger, but don’t claim the title when I am writing about…

That headline makes quite a statement. But it’s true. The stock of so-called “financial capital,” or wealth — all the financial assets out there, which are ultimately claims on real…

by Joseph Joyce (re-posted from Capital Ebbs and Flows) International Debt and Financial Crises The latest issue of the IMF’s World Economic Outlook has a chapter on global imbalances that…

Brad DeLong has a post on whether a persistently ultra-low interest rates leads to financial instability. Pointing to financial instability is pointing in the wrong direction. It is better to…

…under the new rules for accurate financial information – from citizens to investors – will be misled by numbers that don’t reveal a government’s true financial situation. Please require the…

The Flow of Funds report from the Federal Reserve came out today for the 4th quarter of 2014. Non-financial business debt grew quite fast. “Non-financial business debt rose at an…

…“owns” as financial instruments, fundamentally similar to his stocks and bonds. Just: the legal terms of those financial instruments — the inclusionary and exclusionary rights they impart — vary in…

…newly created liability entries associated with money issuance can be economically significant. And some particular financial instruments retain a meaningful and influential financial or economic (ultimately institutional) relationship to particular…