Awfully late in the game, CalPERS finally tries to ‘splain its private equity plans. The giant fund only digs its hole deeper.
Read more...Some emerging-market economies look wobbly. How likely are we to see more crises?
Read more...Boeing looks culpable for the Lion Air crash that killed 189 people.
Read more...the possibility that the coupon payment on the CoCos issued by a single bank might be suspended led to very adverse dynamics in the entire market for CoCos that cannot be totally explained by banks’ fundamentals.
Read more...Puzzling out the markets have changed, and not changed, since the crisis.
Read more...Why limited liability for banks is not such a hot idea.
Read more...BIS chief economist Claudio Borio warns that central bankers have overdone the liquidity party, and investors are not being paid enough to take ris
Read more...The very rational case for Russia and the EU to trade oil in euros.
Read more...Why pension funds, and retirement savers generally, are big victims of the financial crisis.
Read more...Derivatives remain an untamed systemic risk.
Read more...Central banks need to stop fighting the last war.
Read more...An in-depth look at Marriner Eccles’ ideas and policies, and how well they have withstood the test of time.
Read more...CalPERS is undermining the performance of its audit unit, a critical control function. The fact that CEO Marcie Frost either doesn’t care, or is not even on top of things enough to know, is yet another sign of her incompetence.
Read more...In their 21st-century role as counterparty/dealer/insurer of last resort, central bankers must not simply use their balance sheets indiscriminately to provide a liquidity backstop during the downturns. They must embrace this counterparty role as an umpire, rather than an enabler.
Read more...The Turkish lira has been under significant pressure in recent weeks. What is the EU’s exposure to possible crisis in Turkey and how should the EU react?
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