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Daily News & Views Blog

Friday, May 24, 2013

• Comments on Dudley Interview with Bloomberg’s McKee
• The Fed, Markets, and CFS Money Supply Statistics
• Chicago Fed Paper Urges Markets to Slow Trading
• CFTC Publishes Text of Swap Execution Facilities Rules
• CFTC Publishes Final Text of Disruptive Trading Guidance (with Explanation...
• More News & Views…

Highlights

The CFS is honored to announce that Dr. Guillermo Ortiz joins our Advisory Board. Dr. Ortiz is Chairman of Grupo Financiero Banorte-IXE and a member of the Group of Thirty.

Businessweek column The Fed May Be Miscounting the Money Supply highlights unique aspects of CFS monetary and financial data and how conclusions about the economy might have been different with CFS data.

Robin Lumsdaine presented on “Risks to Global Financial Stability: Lessons Learned and Future Threats” at Brown University.

China Daily's Zhang Yuwei interviewed Lawrence Goodman for Monetary Policy 'Benefits All'.

The Moscow Times story G20 Leaders Pledge to Avoid Currency Wars quoted Lawrence Goodman.

FT’s Martin Wolf highlighted CFS money data in The Case for Helicopter Money.

Forbes column on Better Growth Ahead: Money, Markets and the Fed by Lawrence Goodman says that the real economy has bottomed and the Fed may reach its unemployment target sooner than expected.

Chris Riback interviewed Kurt Schuler regarding The Bretton Woods Transcripts on the John Batchelor Show on WABC radio.

CFS IN THE NEWS

Recent Events

Columbia University Professor Michael Woodford discussed Fed policy and nominal GDP targeting.

The Bretton Woods Transcripts discoverer and co-editor, Kurt Schuler, discussed insights from his recently published book.

“Father of Financial Futures” and Chicago Climate Exchange founder Richard Sandor discussed his proposed solution for Libor.

Jon Alterman, the Zbigniew Brzezinski Chair in Global Security and Geostrategy and director of the Middle East Program at CSIS discussed the Middle East and events to look out for.

EVENTS

Assessing Involvement of Central Banks in Financial Stability

Since the financial crisis we have seen an evolving and deepening role for central banks - safeguarding the financial system. Pawel Smaga from the National Bank of Poland worked with CFS to write this paper which presents the results of surveying and ranking 27 EU central banks regarding their involvement in fostering financial stability. More

CFS Money Supply for April

CFS Monetary & Financial Data Release - CFS Divisia M4 grew by 5.1% in April 2013 on a year-over-year basis versus 4.8% in March.  More

Getting It Wrong

CFS Director, William A. Barnett, has won the American Publishers Award for Professional and Scholarly Excellence (the PROSE Award) for the best book published in economics during 2012 for his MIT Press book, Getting It Wrong: How Faulty Monetary Statistics Undermine the Fed, the Financial System, and the Economy.

Tracking the Housing Market

CFS Senior Fellow Yubo Wang analyzes the total market value of owner-occupied real estate as well as housting starts in the private sector to determine if the U.S. housing market has bottomed and if the recent upswing is sustainable. More