Sunday, May 4th, 2008
This table summarizes the losses by banks and securities firms as a result of the subprime crisis. Source: Bloomberg. If you are faced with a question on how to rank the losses resulting of the subprime crisis (see video here, via Bayesian Heresy), you might want to have the right ...
Posted in Discussions | No Comments »
Wednesday, April 23rd, 2008
Deutsche Bank has a glossary for market and stock terms. They list the following international financial institutions:
AIBD - Association of International Bond Dealers, now ICMA. BIS - Bank for International Settlements
EBR - European Bank for Reconstruction and Development
ECB - European Central Bank
EIB - European Investment Bank
ECSDA - European Central Securities Depositories ...
Posted in Memo | No Comments »
Saturday, April 19th, 2008
George Reisman, who is associated with the Mises Institute, has written an interesting article called "Our Financial House of Cards". As a student of Ludwig von Mises, he exemplifies the thinking of the Austrian School of Economics which is, like many libertarians, highly skeptical of government intervention in markets.
(This skepticism ...
Posted in Discussions | No Comments »
Tuesday, April 15th, 2008
In commenting the G7/FSF-report, Bill Cara makes an exemplified critique in the tradition of the American Populist movement:
The G-7 meetings are ‘potentially’ the most important in the world. This is the gathering of Finance/Treasury Ministers and Central Bankers of historically the seven most economically powerful nations.
There is a big gap, ...
Posted in Discussions | No Comments »
Tuesday, April 15th, 2008
French Finance Minister Christine Lagard has compared the recent FSF-report released by the G7 Finance Ministers last week to the Plaza Accord (as quoted by Christopher Swann in an article at Bloomington):
The April 11 statement was "not very different'' from the importance of the 1985 Plaza Accord.
The Plaza Accord reached ...
Posted in Discussions | No Comments »
Sunday, April 13th, 2008
The FSF Report on Financial Stability (called "Enhancing Market and Institutional Resilience") was yesterday approved by the G7.
To assess the impact of the report on the global financial architecture and the responses to the credit crisis in the financial markets, it is worthwhile recalling the original demands of the G7.
In ...
Posted in Reports | No Comments »
Wednesday, April 2nd, 2008
Institution: Institute of International Finance
Abbreviation: IIF
Type: Private
Founded: 1983
Members Total: 350 members headquartered in more than 60 countries. Mostly commercial banks, but membership is also open to Securities firms, Fund managers. Law firms, Multinational companies, Stock exchanges, Trading companies, Central banks, Advisory firms, or Rating agencies, Multilateral agencies, or National agencies.
Membership ...
Posted in Organisations | 1 Comment »