Greek games and scenarios, Crooked Timber, 25 Jan 2015
Category: Financial Crises
Leveraging & Deleveraging
The balance sheet boom, The Economist, 3 Jan 2015
We are trapped in a cycle of credit booms, Martin Wolf, Financial Times, 7 Oct 2014
Deleveraging? What Deleveraging? 16th Geneva Report on World Economy, 29 Sep 2014
Also see this related post
Banking Gluts Revisited
The financial crisis as a failure of “safe” assets fuelled by the loans-deposit nexus spiralling out of control..
European Banks and the Global Banking Glut, Frances Coppola, Pieria, 17 Oct 2014
Also see this related post
Bubble Wrap
Does stability breed instability?
A mauling Minsky moment: comment on Martin Wolf, longandvariable, 4 Sep 2014
Badly Behaved Economies
An excellent, non-technical primer on why standard macro assumptions of dynamic stability and smooth transitions can lead you astray…
Where Danger Lurks, Olivier Blanchard, IMF Finance and Development, Sep 2014
Assessing the US Recovery
Three propositions from Andrew Smithers to chew over… Continue reading Assessing the US Recovery
Dangerous Debt
The role of debt and deleveraging in the financial crisis…
House of Debt, Atif Mian and Amir Suif, May 2014
The opposite of insurance, The Economist, 17 May 2014
Lending weight, The Economist, 14 Sep 2013
Additional background can be found in…
Debt and Macroeconomic Stability, OECD Policy Note, 16 Jan 2013
The real effects of debt, BIS Working Paper No 352, Sep 2011
History Lessons
A useful overview which highlights the way in which successive financial reforms have tried (but failed) to insulate investors from risk…
The slumps that shaped modern finance, Economist, 12 April 2014
also see this comment from Erik Gerding
Taking the Plunge
Why some people are more risk averse than others…
Risk off, The Economist, 25 Jan 2014
Visualising Trouble
The US Treasury’s colourful TARP Tracker…
http://www.treasury.gov/initiatives/financial-stability/reports/Pages/TARP-Tracker.aspx
A useful primer on the US government’s emergency economic measures can be found in a St Louis FRB briefing “What’s Under the TARP?” Liber8, Mar 2009