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For finance to consistently grow as a proportion of GDP, either it is simply upping its take — which might be reasonable within bounds, but raises questions of adequate competition in the sector and of possible regulatory capture — or it is making more and more MBS-like time bombs. It is spinning off flows of toxic financial exposure, of whose valu
... See moreSacha Meyers • Bitcoin Is Venice: Essays on the Past and Future of Capitalism
For all the differences between the rules and practices affecting rich countries like the United States as opposed to emerging markets, some unsettling resemblances to the U.S. situation are evident in the story of Argentina's rise and fall. Most remarkable is the manner in which the flow of foreign capital into the United States has rendered its p
... See morePaul Blustein • And the Money Kept Rolling in (And Out): Wall Street, the Imf, And the Bankrupting of Argentina: Wall Street, the IMF and the Bankrupting of Argentina
Trapped by Trade: Central Banks and the Impossible Trinity - kaustubhs@groww.in - Groww Mail
Capital Flowsmail.google.comPermissionless Capital, Global Consensus and New Markets
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Michael Lewis • Going Infinite: The Rise and Fall of a New Tycoon
Thus, for the next quarter century, did governments resolve the so-called ‘trilemma’, according to which a country can choose any two out of three policy options: full freedom of cross-border capital movements; a fixed exchange rate; an independent monetary policy oriented towards domestic objectives.57
Niall Ferguson • The Ascent of Money: A Financial History of the World: 10th Anniversary Edition
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Michael Lewis • Going Infinite: The Rise and Fall of a New Tycoon
Perhaps caution about emerging-market debt will return to the financial markets. At the end of 2004, however, the bulls were continuing to run wild; spreads fell back to record lows after having risen at midyear, and borrowing by emerging-market governments and companies was headed for a new annual high. Whatever happens, global investors have once
... See morePaul Blustein • And the Money Kept Rolling in (And Out): Wall Street, the Imf, And the Bankrupting of Argentina: Wall Street, the IMF and the Bankrupting of Argentina
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