Category Archives: Uncategorized

Orwell’s Notes on Nationalism

I have recently found myself reading some of the greatest British thinkers and writers of the 20th century. Bertrand Russell’s History of Western Philosophy looks at me every time I sit on my desk—I am still in the pre-Socratics. Christopher … Continue reading

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Client clearing

When Lehman went bankrupt, it had over 900,000 derivative transactions with other counterparties. While many of these transactions were closed down in the following weeks, a significant number of bilateral over-the-counter derivatives were the object of dispute for months, even … Continue reading

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Emerging scholars conference

The programme for the Emerging Scholars in Banking and Finance conference is complete! This conference, organised by the Centre for Banking Research at Cass—of which I am a member—brings together emerging scholars in banking and finance to present their papers. … Continue reading

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Seven myths about education, by Daisy Christodoulou

Since my daughter was born, almost a year and a half ago (already!), I have been concerned about how to educate her. My own experience suggested that even the education from some of the best primary schools might still fall … Continue reading

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Mankiw and Weinzierl 2011

While working on a project in its very early stages, I stumbled upon this paper by Mankiw and Weinzierl from 2011 in the Brookings Papers of Economic Activity. It is a very simple macro model with monetary and fiscal policy … Continue reading

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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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