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, August 24, 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

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

Why CFS Divisia Money Matters, Now! - Lawrence Goodman discussed CFS Divisia at the Society for Economic Measurement Annual Conference in Greece.

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.

Global Capital Flows and Liquidity in the Markets - Lawrence Goodman, featured guest speaker and panelist, discussed capital flows and liquidity at the Mayo Center for Asset Management at the University of Virginia Darden School of Business.

China and its Financial System - Dr. Carl E. Walter discussed China and its financial system.

Latest Research

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

CFS Divisia M4, which is the broadest and most important measure of money, grew by 4.9% in July 2016 on a year-over-year basis versus 5.9% in June.  July Data Release

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

Bradley J. Bondi analyzes the new policy - which requires some defendants to admit fault in SEC enforcement settlements. Brad highlights three primary concerns and offers two possible solutions if the policy is to continue. 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

In an op-ed published by The Wall Street Journal, Randal Quarles and Lawrence Goodman offer constructive solutions to recent calls for arbitrarily breaking up “Too Big to Fail” banks and irreparably damaging the economy.  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