斑马 Kimmo的笔记(11)

Over the past decades, the belief that 'markets work to proote the public interest' gained in popularity. Minsky questioned: but what if they don't? Then a system of constraints and interventions c...

The Plaza Accord in 1985 was required to correct the largest currency misalignments in modern history, which spawned intense protectionist pressures in the United States that threatened the global ... (1回应)

Unfortunately, even if future Fed leaders take the Lehman lesson to heart, they may not be able to act on it because of the Dodd-Frank Wall Street Reform Act of 2010. This legislation seeks to prev...

The lehman failure led directly to the run on money market mutual funds. Over several days, the funds' customers withdrew about 350B, or 10% of the funds' assets, setting off a chain reaction that ...

starting on September 14, policymakers took a number of actions to try to minimize the damage - expansion of the PDCF and TSLF: to maintain confidence in the tri-party repo mkt during the bear stre...

In mid-2006, the US real estate market began to weaken, as house prices fell and defaults on subprime mortgages rose. Some financial institutions became pessimistic about real estate and reduced th...

One of the virtues of biography is that it allows readers to understand decision making as it really is—imperfect, improvised, contingent upon incomplete information and flawed human nature. Green...

- the dynamics might be computationally irreducible, so follow the paths rather than try to find a mathematical shortcut. - Context matters, so include the context. And context varies from one pers...