Filter by
4216 results found
-
Working Paper No. 829Η κατάργηση του νόμου Glass-Steagall και η έκτακτη παρέμβαση του Ομοσπονδιακού Αποθεματικού κατά τη διάρκεια της παγκόσμιας χρηματοοικονομικής κρίσης
Πριν από την παγκόσμια χρηματοπιστωτική κρίση επικρατούσε η αντίληψη ότι η στήριξη του δανειστή έσχατης καταφυγής περιοριζόταν στις εμπορικές τράπεζες. Ωστόσο, κατά τη διάρκεια της κρίσης, η Ομοσπονδιακή Τράπεζα των ΗΠΑ δημιούργησε μια σειρά από μηχανισμούς για τη στήριξη των χρηματομεσιτών και των διαπραγματευτών, των αμοιβαίων κεφαλαίων, την εμπορική χρηματική αγορά, την αγορά ενυπόθηκων τίτλων […] -
BlogIt Seems QE Is Finally Coming to Euroland—Will It Matter at All?
When French president François Hollande pre-announced the ECB Governing Council’s long-awaited adoption of “quantitative easing” at its meeting tomorrow, German chancellor Angela Merkel was quick to respond by pointing out that this was still the independent ECB’s decision alone. It was good of her to do so. For in recent times one could not help [...] -
Blog
Much Excitement—and Lots of Confusion—about “Helicopter Money” of Late
Wolfgang Münchau is one of those rare sensible voices in the international media reporting on the euro crisis. He has been consistently right in his gloomy assessments of euro crisis management in recent years. He is also correct in pointing out that the observed deflationary trend in the eurozone is not primarily due to any [...] -
Blog
Odds and Sods: Some Good Reads for a Cold Winter Friday
If you, too, are living in one of the sub-zero climes right now, you might want some stimulating reading: 1) Here’s one of the best and fairest summaries of MMT that I’ve seen, by Joe Guinan. As Joe says: “Few matters of economic importance are as woefully misunderstood as modern money. It can seem a fiendishly [...] -
Press ReleaseContinuation of Austerity Measures Will Prolong Greece’s National Crisis for More Than a Decade and Poses Contagion Risk for Eurozone, New Levy Institute Report Says
-
Working Paper No. 828
Financialization and Corporate Investments
Financialization creates space for the financial sector in economies, and in doing so helps to raise the share of financial assets in the portfolios held by market participants. Largely driven by deregulation, the process works to make financial assets relatively attractive as compared to other assets, by offering both better returns and potential capital gains. […] -
Working Paper No. 828
Η χρηματιστικοποίηση και οι εταιρικές επενδύσεις
Η χρηματιστικοποίηση ανοίγει χώρο στις οικονομίες για την επέκταση του χρηματοοικονομικού τομέα και, με αυτόν τον τρόπο, συμβάλλει στην αύξηση του μεριδίου των χρηματοοικονομικών περιουσιακών στοιχείων στα χαρτοφυλάκια που κατέχονται από τους συμμετέχοντες στην αγορά. Η διαδικασία της χρηματιστικοποίησης, που καθοδηγείται σε μεγάλο βαθμό από την απορρύθμιση, λειτουργεί με το να καθιστά τα χρηματοοικονομικά περιουσιακά […] -
Blog
Some Quick Takeaways from the ECJ Opinion of Advocate General Cruz Villalón on the ECB’s OMT
The Advocate General (AG) has spoken on the ECB’s OMT program today. Apparently the markets were more concerned about the latest U.S. retail sales numbers than delighted about the “okay in principle provided that” signal sent from Luxembourg to the German triangle of euro power (Frankfurt, Berlin, and Karlsruhe). First of all, in the AG’s [...] -
Press Release
Levy Economics Institute of Bard College Announces Launch of 3+2 Program Leading to Master of Science Degree in Economic Theory and Policy
-
Blog
Replacing the Budget Constraint with an Inflation Constraint
by Scott Fullwiler Tim Worstall has a post decrying the dangers of MMT ever being used in the real world—even as he recognizes or at least suggests that it might be the correct description of how the monetary system works—and is particularly concerned about Stephanie Kelton’s new appointment as Chief Economist on the Senate Budget [...] -
Blog
How Much Should We Worry about the Fate of the ECB’s OMT?
On Wednesday, January 14, 2015, the European Court of Justice (ECJ) Advocate General Pedro Cruz Villalon will publish his opinion on the European Central Bank’s (ECB) “Outright Monetary Transactions” (OMT) program. The Advocate General’s opinion will give us important clues and is likely going to shape the court’s later ruling on the matter. What is [...] -
Blog
What a Syriza Victory Would Mean
Greece is back in the headlines as upcoming elections look likely to produce a workable majority for the anti-austerity Syriza party. Some suggest this would represent the first step toward the country’s inevitable exit from the eurozone. Not so fast, says Dimitri Papadimitriou in an interview with Bloomberg Radio’s Kathleen Hays and Vonnie Quinn (segment [...]