tag:blogger.com,1999:blog-7511163176410365484.post3525200093682027359..comments2008-10-02T10:07:42.128+01:00Tamashttp://www.blogger.com/profile/11641190007103495073tamas@compositionVII.orgBlogger6125tag:blogger.com,1999:blog-7511163176410365484.post-91309055919842793712008-10-02T10:07:00.000+01:002008-10-02T10:07:00.000+01:00

And <A HREF="http://www.imf.org/external/pubs/ft/wp/2008/wp08232.pdf" REL="nofollow">here</A> is an other IMF paper on the monetary policy consequences of bank losses.

Tamashttp://www.blogger.com/profile/11641190007103495073noreply@blogger.comtag:blogger.com,1999:blog-7511163176410365484.post-75386140418200873532008-09-23T11:37:00.000+01:002008-09-23T11:37:00.000+01:00

A perfectly timed research <A HREF="http://www.imf.org/external/pubs/ft/wp/2008/wp08224.pdf" REL="nofollow">paper</A> from the IMF about how to best deal with banking crisis, at least using a historical database. Brill.

Tamashttp://www.blogger.com/profile/11641190007103495073noreply@blogger.comtag:blogger.com,1999:blog-7511163176410365484.post-12560333467175445112008-09-22T14:49:00.000+01:002008-09-22T14:49:00.000+01:00

Rules may be out, but the laws of economics are definitely not. See the <A HREF="http://krugman.blogs.nytimes.com/2008/09/22/the-humbling-of-the-fed-wonkish/" REL="nofollow">point</A> Krugman makes about the Fed's constraints.

Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7511163176410365484.post-22723125870626422892008-09-22T14:42:00.000+01:002008-09-22T14:42:00.000+01:00

More than a week after the crisis started in earnest. People still optimistically assume that SOMETHING can stop the downward spiral. First the bail-out. Then the guarantees. The Fed and the US Treasury will solve it somehow. Denial of the abyss.

Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-7511163176410365484.post-69860758917346208972008-09-22T11:25:00.000+01:002008-09-22T11:25:00.000+01:00

Peter Douglas, a friend of mine, has sent me a note in email, which I copy here with his permission:<BR/><BR/>“This is massive, and will lead to a complete reshaping of the wholesale financial sector.  The only conviction opinion I have is that the world will be very different in a couple of years' time - but I don't know what it'll look like.  Don't forget the background of US geopolitical

Tamashttp://www.blogger.com/profile/11641190007103495073noreply@blogger.comtag:blogger.com,1999:blog-7511163176410365484.post-22070368264224445482008-09-17T17:46:00.000+01:002008-09-17T17:46:00.000+01:00

Impressive! Maybe a week is too short: rumours arouse at least about 10 days ago, but, funny enough, last Thursday an "analysis" appeared titled "Why would not the Lehman go to bankruptcy?".<BR/>Not long ago, one of my favourite philosophers, Gáspár Miklós Tamás (I guess this would be the correct order of his names in English) announced that the end of the capitalism is near, we will live it - on

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