Archive
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Working Paper
Conference paperExpectational coordination failures and Market outcomes’ volatility
Apr 2013
The first part of this text comes back on the standard economic viewpoint on expectational coordination, a viewpoint that the recent events have challenged.
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Working Paper
Conference paperThe State, the Market and the Rule of Law
Apr 2013
State and market are often depicted as distinct, even antagonistic. Markets appear as natural products of spontaneous ordering; states as leviathans that if left untamed will distort, if not destroy markets’ natural state.
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Working Paper
Conference paperEndogenising Uncertainty
Apr 2013
Uncertainty is an unavoidable feature of economic life, although we may cope with it sometimes by ignoring it. Institutions, conventions and behaviour are all conditioned by uncertainty, and they in turn condition uncertainty in a reflexive manner.
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Conference Session
Time and Expectations in Economic Analysis
Apr 4, 2013 | 08:45—09:45
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Working Paper
Conference paperAddressing the Crisis in the Euro Zone System
Apr 2013
The reason why the Euro zone crisis has dragged on for so long is that Europe’s leaders have focused too much on short-term measures to patch up the emergency of the moment, rather than formulating a comprehensive plan.
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Working Paper
Conference paperTowards a New Monetary Constitution in Europe: The Proposal of the German Council of Economic Experts (GCEE)
Apr 2013
After the announcement of Mario Draghi, the ECB president, to do “whatever it takes” to preserve the integrity of the European Monetary Union (EMU) in July 2012 and the establishment of the Outright Monetary Transactions (OMT) program in September 2012, the crisis of EMU is far from being resolved.
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Working Paper
Conference paperIs Mercantilism Doomed to fail? China, Germany, and Japan and The Exhaustion of Debtor Countries
Apr 2013
Mercantilism, Accumulation of Foreign Exchange Reserves, and RMB Internationalization
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Working Paper
Conference paperSurveillance, Regulation and Supervision -a solution for the euro?
Apr 2013
Regulation and supervision of banks and financial markets are now upgraded in the euro area. Surveillance of macroeconomic performance of all EU countries is also intensified.
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Working Paper
Conference paperIf Not Now, When? Financial Reform Must Not Await Another Crisis
Apr 2013
In the first ten chapters of our book, The Bankers’ New Clothes: What’s Wrong with Banking and What to Do about It, we discuss banking and the economics of funding as it applies to banks.
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Working Paper
Conference paperThe European Tragedy: What Way Out?
Apr 2013
Europe can choose its musical accompaniment. In Berlin, 50 Cent’s All Things Fall Apart has just had its premiere. Or go back to Giuseppe Verdi, born two hundred years ago.
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Conference Session
The Euro Zone Currency System: Catalyst or Wrecking Ball of the European Union?
Apr 4, 2013 | 07:15—08:45
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Conference Session
The RMB and The Future of Asian Finance
Apr 4, 2013 | 05:15—06:45
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Conference Session
Financial Stability Research Program
Apr 4, 2013 | 07:15—08:45
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Working Paper
Conference paperRenminbi Internationalization: Tempest in a Teapot?
Apr 2013
Internationalization of the renminbi is a stated goal of the Chinese government, its brief flirtation with Special Drawing Rights and an Asian Currency Unit notwithstanding. Chinese officials understand that a dollar-centric international monetary and financial system is a mixedblessing.
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Conference Session
Business Leaders Panel: The Future of the World and Asia's Role
Apr 4, 2013 | 04:00—05:00