The CFS research agenda is developed in conjunction with the Board of Advisors, yet research practices and conclusions are independent.

Policy Papers and Presentations

Federal Liquidity Options: Containing Runs on Deposit-Like Assets without Bailouts and Moral Hazard, January 24, 2012

Update: The Clearing Mandate in Dodd-Frank, Systemic Risk, and Competition, June 1, 2011

Presentation on Reducing Systemic Risk in OTC Derivatives Markets, September 23, 2010

The Dodd-Frank Act: From a U.S. Economy Perspective, September 23, 2010

Amending Safe Harbors to Reduce Systemic Risk in OTC Derivatives Markets, April 2010

Systemic Risk and the Tri-Party Repo Clearing Banks , February 2010

Research Notes and Views

Does Math Support Euro Survival?, December 5, 2011

Some Observations About Basel II/III, November 11, 2011

Urgent Course Correction: Lessons for Argentina and the US, November 2, 2011

Why Systemic Risk Considerations Affect the Market for Long-Term Care Insurance, October 26, 2011

Changing Inflation Won‘t Solve Budget Woes, July 26, 2011

Brief Thoughts on Debt Proposal for Greece, July 22, 2011

Budget Solutions: Then and Now, July 19, 2011

Solving the Greek Crisis, June 24, 2011

Survey of Two Dodd-Frank Problems: the Effective Date and the Definitions, June 14, 2011

Two Dodd-Frank Problems: the Effective Date and the Definitions
Contingency Planning in the Absence of a Regulatory Structure, June 13, 2011

Fact Sheet: A Historic New 5Y TIPS Auction, April 20, 2011

Treasury Maturities: The Other Fiscal Problem, March 10, 2011

The New “International Currency System”, January 21, 2011

The Market for LTC Insurance and Systemic Risk, January 14, 2011

A Strategic Approach to QE: A Bad Trade, December 9, 2010

Uneven, Uncertain and Unusual Recovery, July 29, 2010

Some Concerns with the Derivatives Legislation, May 5, 2010

Central Bank Liquidity Swaps Overview, February 2010

Opinions and Editorials

Argentina Could Halt Capital Flight Easily, (Wall Street Journal), January 20, 2012

Is What's Good for MetLife Good for Us All? (American Banker), October 28, 2011

Math for Europe: Lessons from Greece, October 4, 2011

The Chattering Classes’ Deadly Cocktail (Globe Asia), September 29, 2011

Emerging Markets, Argentina and Lessons for the US, September 16, 2011

Comment Letter to Regulatory Agencies on Risk Retention for CLOs, August 1, 2011

“Stronger” Banks, Weaker Economies (Globe Asia), August 2011

Straight Talk from a Practitioner: Notes from Under the Wall (Harvard Business Law Review), July 22, 2011

This Time Is Different: Eight Centuries of Financial Folly (CATO Journal Book Review), Winter 2011

Financial Overhaul Is Politics in Worst Sense: Richard Posner (Bloomberg Opionion), June 29, 2010

Comment on Tri-Party Repo Infrastructure Reform, June 15, 2010

Even IMF Lacks This Much Money (A letter in the Wall Street Journal), May 21, 2010

A Path for the FCIC, April 2010

Books

Getting it Wrong: How Faulty Monetary Statistics Undermine the Fed, the Financial System, and the Economy, 2011 - CFS Director of Advances in Monetary and Financial Measurement William A. Barnett argues that too little use of the relevant economics, especially from the literature of economic measurement is to blame for the recent financial crisis and that better financial data could have signaled the misperceptions and prevented the erroneous systemic-risk assessments.

Fixed Income Securities: Tools for Today‘s Markets, third edition, 2011 - CFS Director of Financial Markets Research Bruce Tuckman provides the conceptual frameworks, quantitative tool-kit, and cash-flow and pricing conventions for fixed-income practitioners.

The Basel Committee on Banking Supervision, 2011 – CFS Advisory Board Member Goodhart tells the story of the early years of the Committee from its foundation in 1974/5 right through until 1997 and provides an assessment of its actions and efficacy.

The Crisis of Capitalist Democracy, 2010 — CFS Advisory Board Member Posner raises the question of the adequacy of our democratic institutions to the economic challenges heightened by the greatest economic crisis since the Great Depression.

Financial Stability Reports

Rule of Law Index (RLI), November 15, 2011

What is the Role of a Financial Stability Report?, December 2009