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

Friday, February 5, 2016

Highlights

Bloomberg article "Inside the Fed's 'D-Day' War Games for Breach of U.S. Debt" quotes Lawrence Goodman, CFS President.

Professor Steve Hanke, CFS Special Counselor and Johns Hopkins Professor, references our DM4 data in Biggest Danger is bank bashing.

China Radio International (CRI) interviewed Steve Hanke, CFS special counselor and Johns Hopkins professor.

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.

Roll Call published the Bitcoin Needs Smart and Safe Regulation Commentary by Lawrence Goodman, CFS President.

CFS IN THE NEWS

Global Risks from the Unwind - Lawrence Goodman discussed global risks and the economic outlook.

Wall Street, the Federal Reserve and Stock Market Speculation: A Retrospective - Elmus Wicker’s new book, published by the Center for Financial Stability, was discussed by Kurt Schuler, Ike Brannon and Chris Waller.

Chinese Economy and Financial Markets - Professor Yu Yongding discussed the future of the Chinese economy and financial markets.

Political and Economic Outlook in Argentina and Mexico - Ambassador Anthony Wayne discussed future economic and political prospects for Argentina and Mexico.

“America’s Bank” Roundtable - Author Roger Lowenstein discussed “America's Bank: The Epic Struggle to Create the Federal Reserve.”

Latest Research

CFS Divisia M4, which is the broadest and most important measure of money, grew by 4.0% in December 2015 on a year-over-year basis versus 4.6% in November.  December Data Release

In a new monograph published by the Center for Financial Stability, Professor Elmus Wicker provides historical insights on the interplay between the stock market and the Federal Reserve.  More

The Center for Financial Stability (CFS) thanks Roger Lowenstein for “America’s Bank: The Epic Struggle to Create the Federal Reserve.” We are grateful to Roger Lowenstein for sitting down with CFS. The following are excerpts from the conversation.

On the fifth anniversary of Dodd-Frank, The Wall Street Journal publishes an op-ed in which Lawrence Goodman and Stephen Dizard offer three solutions to ensure the U.S. bond market remains the deepest and most liquid in the world. More

Lawrence Goodman addresses how a series of “never befores” will impact markets. The “game remains the same” will likely migrate to an “unwind” scenario within the next 12 to 18 months. Early warning indicators will help navigate which scenario elapses over time. More

Robin Lumsdaine and co-authors propose a framework for assessing the organizational complexity of individual systemically important financial institutions via network based metrics.  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