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Tag Archives: transparency in finance
The contagion risk of a later Grexit will only get worse
There is no viable substitute for dealing with the present Grexit pain here and now. Because things will only get worse as time goes by Continue reading
How much money has actually flowed from Germany to Greece in the spirit of post-war reconciliation?
The latest Greek reparation claims show that countries such as Greece will never let Germany off the hook for its abominable past, no matter how much money German taxpayers are willing to spend on reparation. Continue reading
The End of Sovereign Bonds without Collective Action Clauses
What are the consequences of a US Court ruling that favors the rights of minority bond holders over the imposition of majority based debt restructuring plan? Continue reading
Posted in Ethical Capitalism, Finance
Tagged financial speculation, transparency in finance, transparent financial markets
Comments Off on The End of Sovereign Bonds without Collective Action Clauses
The Psychology of an Erupting Massive Fear
Professor Kotlikoff’s analysis of the systemic risk which the 207 trillion US$ public debt is posing to the US bond market is correct. We are no sure, however, whether the danger of that bond market flipping is as imminent as Mr. Kotlikoff has us believe. Continue reading
The Blind Eye of Mainstream Financial Media
The reaction of financial media to The Wolf of Wall Street shows that their ideological support for free markets is so religious that it would infringe on their piety towards the money market establishment to look at all things therein as they are. Continue reading
Posted in Ethical Capitalism, Finance
Tagged transparency in finance, transparent financial markets
Comments Off on The Blind Eye of Mainstream Financial Media
Another proof that regulation alone cannot produce sound financial markets
The US Security and Exchange Commission has decided to drop mortgage crises-related charges against several big financial institutions. Do we need more proof that regulation alone cannot safeguard the soundness of financial markets? Continue reading
Poor Bank Examiners!
The new Volcker rule bans proprietary trading by big banks. But considerable systemic risk challenges remain even after the new Volcker rule has been adopted Continue reading
Good corporate governance cannot be codified
The most eminent moral philosophers never tried to lay down multi-page manuals of good conduct. Instead they opted for general orientations only. The idea to codify and standardize the notion of good corporate governance is hence mistaken. Continue reading
The reasonable thing may be to eventually break them up
Big banks may simply be too big and unwieldy that anyone could hope to manage them adequately. Continue reading
An amazing inadequacy in the architecture of financial markets
The Bank of England was quite aware of the flaws that go into the Libor-rate fixing process but didn’t deem them relevant enough to go front-page with their scepticism towards that supposedly all important indicator. Continue reading
