Tag Archives: Justin Lin

IV The Power of Global Finance

Under present arrangements, finance too often acts as a malevolent force, rewarding private sectional interests at the expense of the public interest. This is because the globalisation of markets has run ahead of our power to control them. Properly harnessed, global finance could be, again, an enormously powerful force for good. Designing such a harness…
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Written on November 14, 2013 at 5:57 pm, by robert

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Categories: Banking, Homepage, News and Comment, Official Money, Part IV: The Power of Global Finance, RP's Diary, The Ikon
Tags: Against the Consensus, Ben Bernanke, Brendan Brown, Cato Institute, central banking, Charles Goodhart, global financial system, International Monetary System, James Buchanan, Joseph Stiglitz, Judy Shelton, Justin Lin, Kevin Dowd, Keynes, Lewis E. Lehrman, Mohamed El-Erian, Paul Fabra, Project Syndicate, Richard Cooper, Robert Mundell, Ronald McKinnon, The Money Trap

Central bankers should prepare for a new world

Central bankers are still trying to rescue their monetary policy models with some additional twists such as forward guidance, but not engaging in the fundamental re-think needed. (If you need better authority than I for this assertion, please do read Bill White in the Dallas Fed series here). Paul Tucker tells us that the new…
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Written on October 9, 2013 at 9:45 pm, by robert

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Categories: Banking, Homepage, Official Money, RP's Diary
Tags: Adam Smith, Bank of England, banking, central banking, central banks, David Stockman, Justin Lin, Lorenzo Bini-Smaghi, Paul Tucker