Author Archives: Francesc Rodríguez Tous

Post-crisis regulation and bond liquidity

One of the best blogs to follow about research on banking is the blog by the NYFed, Liberty Street Economics. In a recent post, they discuss the results of their JME paper on whether post-crisis regulation is affecting bond liquidity … Continue reading

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What will happen with Dodd-Frank?

Post-crisis banking regulation seems to be under thread given the direction that the Trump presidency is taking on this matter. We have a US Representative asking Yellen to basically sit down and do nothing until the President figures out how … Continue reading

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QE – The story so far

Three months ago, Andy Haldane came to Cass to give the Dean’s Lecture. The lecture was about Quantitative Easing. It is now available on Youtube here, so enjoy! The working paper version of this work can be found here.

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Ending too big to fail

One of the most interesting sessions in Chicago during the last ASSA Annual Meeting was about ending too big to fail. Neel Kashkari presented the Minneapolis Fed plan and Markus K. Brunnermeier and Randall Kroszner gave their view on the plan. … Continue reading

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The “crisis” of economics

Andy Haldane, chief economist at the Bank of England, has recently repeated the claims about the crisis of the economics profession. I have discussed this issue with many people since the financial crisis, and I was going to write something … Continue reading

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Leverage ratio and repo activity

In the previous post, I briefly mentioned some of the potential issues of the leverage ratio (LR). To be fair, these are only issues to the extent that the regulators did not foresee and did not include these consequences in … Continue reading

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The unintended consequences of the leverage ratio

The leverage ratio is one of the main innovations in the new banking regulatory framework, Basel III. It imposes a minimum amount of Tier 1 capital that depends on the size of the balance sheet, without any consideration for the … Continue reading

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BU post: Proprietary Trading: Evidence from the Crisis

Well, more than a month after saying that I was back… well, I am. And my post for the Bank Underground blog (the blog of the Bank of England staff) is finally out. But the really great thing is that, … Continue reading

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Guess who’s back!

Yes, it’s me—as far as I know, Eminem is not launching a new record. Although, to be honest, I haven’t check. Let me see. Nope, Wikipedia doesn’t say anything about it. So why was I gone? Because I was (still … Continue reading

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Global financial cycle and Germany

The importance of the global financial cycle is currently at the center of many policy and academic discussions. Especially dangerous for emerging economies, the highly synchronised credit booms and busts that advanced economies suffered recently suggests that it is also … Continue reading

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