Roubini Global Economics: Navigating towards Bretton Woods 3?

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“… it is hard to argue that the large global imbalances that arose a few years ago had no role whatsoever in the current global synchronized recession. However, so far, global imbalances do not seem to be on even the long-term agenda of most of those trying to remake the global financial system,” argues Nouriel Roubini and his team in this thought-provoking article. […]






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Paul Kasriel: Preferred equity into common equity – accounting alchemy?

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“Treasury’s plan to enhance the capitalization of some financial institutions by beating preferred equity shares into common equity shares is accounting alchemy,” said Paul Kasriel. This guest posts provides his motivation. […]






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