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

Wednesday, April 1, 2015

Highlights

Bloomberg's Christopher Condon and Ian Katz quote Lawrence Goodman in Fed Focuses on Shadow Banking as It Gauges Financial Risk.

Michael J. Casey, senior columnist at the WSJ, cites CFS data in Shadow-Credit Rise is Good Sign (On page C3 of the print edition).

CNBC Chief International Correspondent Michelle Caruso-Cabrera cites CFS research as explanation for currency market spikes.

David Martin, CFS Special Counselor, recently published Radar as Risk Management Paradigm.

Bloomberg's Alastair Marsh quotes Lawrence Goodman in Bond Traders Stymied by Gridlock Turn to Swaps: Credit Markets.

CFS Advisory Board member Richard Sandor recently published Sustainable Investing and Environmental Markets: Opportunities in a New Asset Class.

CFS IN THE NEWS

Lawrence Goodman will discuss “The New World for Money, Banking and the Economy” as keynote speaker at Banking New York Conference (April 2nd, Tarrytown, NY).

Guy Caruso, former U.S. Energy Information Administration administrator and current senior adviser in the Energy and National Security Program at CSIS, will discuss the future for energy, geopolitics and markets (invitation only).

Virtual Currencies - Coauthors Paul Vigna and Michael Casey discussed their recently released book The Age of Cryptocurrency: How Bitcoin and Digital Money Are Challenging the Global Economic Order.

Global Risks - University of Chicago Professor Emeritus and author of Manias, Panics, and Crashes, Bob Aliber discussed currency turbulence, banking crises, and the causation of crises.

Cyber Security - As part of our public / private partnership with the FBI, CFS and the FBI discussed NYC readiness and steps that firms can take to be prepared in the event of a cyber attack.

EVENTS

Latest Research

CFS Monetary & Financial Data Release - CFS Divisia M4 grew by 2.7% in February 2015 on a year-over-year basis versus 2.9% in January.  February Data Release

The world is plagued by a shortage of financial market liquidity despite an overabundance of central bank liquidity. CFS Divisia data reveal that since 2011, the needed correction in reducing the role of market finance in the economy has fallen too far and compromised financial market liquidity. More

Gail Makinen and his coauthors examine 20th century hyperinflations: How did they happen? What were the consequences? How did they end? By pulling episodes together, the book throws light on common patterns of error and success in dealing with hyperinflations. More

Presentation at “Systemic Risk Conference: What Are the Odds of Financial Collapse?” The odds of a financial crisis are not insignificant and worth active monitoring, yet solutions are in sight.  More

Bradley J. Bondi and Christopher Jones examine reasons for the dearth of prosecutions of Wall Street executives stemming from the financial crisis.  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