Archive
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Working Paper
Working PaperWhy The Monetary Policy Framework in Advanced Countries Needs Fundamental Reform
Aug 2023
Monetary policy should be guided much more by financial sector developments and much less by near-term targets for inflation.
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Working Paper
Working Paper SeriesMonetary Policy for the Climate? A Money View Perspective on Green Central Banking
Jul 2022
Central banks can encourage climate-friendly investments by offering financial institutions favorable haircuts on green collateral
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Working Paper
Working Paper SeriesAfter the Allocation: What Role for the Special Drawing Rights System?
Mar 2022
How could the new SDR allocation help developing countries?
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Working Paper
Working Paper SeriesCentral Banks Caught Between Market Liquidity and Fiscal Disciplining: A Money View Perspective on Collateral Policy
Dec 2021
By helping abate the liquidity crisis, incidences of banks becoming insolvent are reduced, and hence moral hazard in its severest form is minimized.
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Working Paper
Working Paper SeriesInternational Financial Regulation: Why It Still Falls Short
Aug 2020
Despite post-2008 regulations, the boom-bust credit cycle continues to run wild
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Working Paper
Working Paper SeriesImmaculate Deception: How (and Why) Bankers Still Enjoy a Global Rescue Network
Jul 2020
A look at Dodd-Frank’s impact