There has been some discussion on why (and not whether) economists missed seeing the crisis coming. I came across this report but I thought most points were already covered in popular discourse/debate on the failure of models, reliance on one single metric of risk (VaR), etc.
But, for the sake of completeness, here is the link to [...]
The column by Martin Wolf in FT on the 19th May is a recommended read. It summarises the issues very well:
We can guess that finance will make a recovery in the years ahead. We can guess, too, that its glory days are behind it for decades, at least in the west. What we do not [...]
Well, if you read the (mostly) glowing tributes paid by Prof. Charles Goodhart to the book written by Viral Acharya and Mathew Richardson of the Stern School of Business at the NYU, it appears that this is going to be the best reference possible on the (still unfolding) financial and economic crisis that started (or, [...]
A visit to Peking Duck led me to this interesting post. It is a short post and I reproduce almost half of it below:
Aside from that, let me just make one brief observation: This week I’ve been reading scores of articles on the financial crisis from a wide array of Chinese media, some written in [...]
This sentence in Brad Setser’s post of April 2, 2009 caught my eye:
When economic and financial historians look back at the current crisis,… [More here]
What is Brad saying? Is it all over and time to start looking at the crisis in historical terms?
Well, I am being somewhat cheeky here, I admit. Brad does provide some [...]
I think they got this one dead right:
V Anantha-Nageswaran, the chief investment officer for Asia-Pacific at the private bank Julius Baer, is frank about what he thinks will happen to the world economy over the next year or two when he advises clients. He doesn’t know. [The full piece here]
Bare Talk at Mint
Recent Comments