Tagged: Depression II discussion

Some broad lessons from the GFC - The Dismal Science

Matt Nolan Mar 14, 2014

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 […] … Read More

Dealing with debt, financial regulation, and the lender of last resort - The Dismal Science

Matt Nolan Oct 03, 2012

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 [...] … Read More