Center for Financial Stability
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Center for Financial Stability

The Center for Financial Stability is an independent, nonpartisan, and nonprofit think tank focused on financial markets for the benefit of investors, officials, and the public.  More

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Daily News & Views Blog

Tuesday, September 27, 2016

Highlights

CFS special counselor Steve Hanke's Remembrances of a Currency Reformer: Some Notes and Sketches from the Field sheds light on currencies, challenges related to making policy, and the IMF.

Bruce Tuckman, CFS Senior Fellow and New York University Professor, is quoted in Bloomberg's Banks Reach for 'Renewable' Financing to Satisfy Long-Term Funding Rules.

The Wall Street Journal published Trump’s Right on Hacking, Wrong on Yuan by Kevin Brock (CFS senior fellow / cybersecurity strategy) and Lawrence Goodman (CFS President).

CFS congratulates Advisory Board Member, Dr. Richard Sandor on the creation of the American Financial Exchange (AFX) in partnership with Chicago’s CBOE Holding. AFX is an electronic marketplace for small and mid-sized banks to lend and borrow short-term funds.

CFS IN THE NEWS

The Source of Financial Instability - Practical Implications for Investors and Officials - Lawrence Goodman spoke and participated at The Leir Retreat Conference on Financial Innovation and Stability.

The Dollar, Money and Policy - Lawrence Goodman, featured speaker, discussed Bretton Woods, the dollar, money and policy at the Cosmos Club.

Latin America into the 21st Century - Eduardo Aninat led a discussion on key political and economic challenges.

Venezuela's Future, Petroleum and the Bolivar - Jose Luis Cordeiro led a discussion on Venezuela and it's outlook.

Crisis Detection and Prevention: Implications for Investors and Officials- Lawrence Goodman, featured speaker, identified actionable ideas to improve crises detection for investors and officials at The Boston Economic Club.

Corporate Bond Market Liquidity - Stephen Dizard, Jack Malvey and Barbara Novick led a discussion on liquidity in corporate bond markets.

Exchange Traded Funds (ETFs) - Dr. Ananth Madhavan led a discussion on Exchange Traded Funds.

Latest Research

Bradley J. Bondi evaluates the SEC’s delegation of authority from the Chairman and Commissioners to the Director of Enforcement to open formal orders of investigation of persons and entities. Brad highlights three concerns. More

CFS Divisia M4, which is the broadest and most important measure of money, grew by 4.9% in August 2016 on a year-over-year, maintaining the same growth rate as in July.   August Data Release

Professor Richard N. Cooper - advisor to many U.S. Presidents - offers his perspective on international monetary policy. More

Under the leadership of senior fellow Bradley J. Bondi, CFS organized a nonpartisan working group with a wide range of market participants, academics, lawyers, and public officials to focus on the structure and operations of the U.S. equities markets and offer guiding principles. More

At the Society for Economic Measurement, Lawrence Goodman illustrates how the world may have been different had CFS Divisia money been on the Fed's dashboard. More

CFS partner Jack Malvey has created a wonderful guide to financial market history and factors driving change into the 21st century. Markets today confront challenges of epic proportions, and a glance back at the last thirty years is insufficient. We thank Jack for sharing his work of integrating the past with the future. More


 
 
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image

Bretton Woods 2014 gathered prominent leaders from government, business, and academia in a working-group environment to focus on the future of finance and the international monetary system. Please see more about the conference to see other remarks, presentations, and photos from the conference.

Future Prospects for the World‘s Foreign Exchange Rate System: Political Design vs. Evolution, Otmar Issing
Read remarks |  Read slides

Nice-Squared - Near an Internationally Cooperative Equilibrium, John B. Taylor  Read remarks |  See video

A Few Thoughts on the Current International Monetary System, Liu Mingkang  Read paper

Bretton Woods Reconsidered:The Dollar Standard and the Role of China, Ronald McKinnon   Read paper | Read slides

Marriner Eccles: Father of the Modern Federal Reserve, Spencer F. Eccles  Read remarks

Critical Issues for the Bretton Woods Institutions, William R. Rhodes  Read remarks

The 1944 Keynes Plan: An Idea Whose Time Has Now Returned?, Charles Goodhart  Read remarks

Summary and Next Steps, Randal K. Quarles  Read remarks

Thoughts on World War II in July 1944, Carole Brookins  Read remarks

What Have We Learned from Recent Research on Bretton Woods? Eric Helleiner, Eric Rauchway, and Kurt Schuler  Read paper