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

Monday, May 25, 2015

Highlights

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

Steve Hanke, CFS special counselor and Johns Hopkins professor, was featured in Bloomberg Markets as The Wall Street Minded Professor.

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.

CFS IN THE NEWS

Capital Markets Credit Analyst Society Annual Meeting - Lawrence Goodman, featured speaker, discussed The Unwind: What's Next for Global Markets.

Energy Roundtable - Guy Caruso, former U.S. Energy Information Administration administrator and current senior adviser in the Energy and National Security Program at CSIS, led the discussion about the future of energy, geopolitics and markets.

Banking New York Conference - Lawrence Goodman discussed “New World for Money, Banking and the Economy” as keynote speaker.

University of Pennsylvania Presentation - Lawrence Goodman presented “From Bretton Woods to Bitcoin”.

Future of Payments Technology Panel - “Bitcoin and the Future of Payments Technology” remarks by Lawrence Goodman on a panel moderated by Paul Vigna (Reporter and "Money Beat" Host at The Wall Street Journal).

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 3.1% in April 2015 on a year-over-year basis versus 2.8% in March.  April Data Release

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

Kate Flanagan examines the troubling growth in student loans issued by the Federal government and the growing complexity of the portfolio managed by the Department of Education. It's time to get the math right on student loans.  More

New uses of money and technology will reshape the banking industry and business cycle, as presented at Banking New York Conference. More

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

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