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, May 31, 2016

Highlights

Professor Steve Hanke, CFS Special Counselor and Johns Hopkins Professor, references CFS DM4 data to show the changes in state money, bank money and broad money in Monetary Policies Misunderstood.

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.

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.

CFS IN THE NEWS

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.

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.

Latest Research

CFS Divisia M4, which is the broadest and most important measure of money, grew by 4.9% in April 2016 on a year-over-year basis versus an increase of 4.6% in March.  April Data Release

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

At the Boston Economic Club, Lawrence Goodman identifies eight actionable ideas to improve crises detection for investors and officials. Remarks are based on experiences chairing and inter-agency crisis prevention group and working as a strategist on Wall Street.  More

Remarks at the Stronger Global Economic Growth Conference held in Shanghai focus on the vital - yet poorly understood - space at the intersection of financial markets and the global economy.  More

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

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