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Previously we’ve talked a lot here about the lender of last resort function of a central bank. In discussions a trade-off is often discussed, whereby having a lender of last resort can help to prevent financial crises when financial intermediaries are suffering from issues of “illiquidity”, but are not “insolvent” – however, the existence of […]
The events of the last two months have brought financial liquidity issues into sharp focus. As firms shut down for an indefinite period in response to the Coronavirus, the question on many people lips is “will this firm be able to survive without cash income?” If they have large amount of cash in the bank, […]
I have been enjoying the live tweeting of the Lehman Brothers failure – with a 10 year delay. On the day I had this to say. Then 10 years ago today I tried to provide some predictions. The terms of trade fell a little more than I expected (to their 2005 levels rather than to […]
I am not blogging at the moment – and I’m incredibly sorry about that. I won’t really be back until I can commit to being back properly – which won’t be until I’ve completed a lot of modeling work related to income inequality in New Zealand. I am not back today to talk about any […]
I had to do a brief chat about the Global Financial Crisis, “mistakes” that were made, and the role of the international financial architecture, for a organisation I’m not naming with people I’m not naming. It was Chatham House rules, but nothing particularly rough was said – so I’m more not naming anything as I […]
Sounds like the Massey University panel on banking regulation was good times – with Don Brash, David Tripe, and Bevan Graham all largely in agreement. For what it matters I also agree with a lot of what they said 😛 On a side note Brennan McDonald linked to a Radio NZ piece on LVR restrictions […]