Tag: Global Financial Crisis

swimming-with-sharks

Filling The Empty Cockpit

I spent much of Boxing Day reading, perhaps a little belatedly, Joris Luyendijk’s Swimming with Sharks: My journey into the world of the bankers. It’s a book that has featured on one or two lists of books of the year. The book is based on around 200 interviews conducting between 2011-2013 […]

King speaks

Mervyn King’s stint on the Today programme yesterday was curious. It was much anticipated in some quarters. The reality then proved to be less revelatory than some might have hoped. I’m not sure what people were expecting – after years of buttoned-up discretion it was unlikely he was […]

Howtospeakmoney

Speaking money

Yesterday evening the Festival of Economics 2014 kicked off with the author John Lanchester in conversation with Izabella Kaminska of the FT. Lanchester, who is promoting his book How to speak money, had some very interesting and important things to say about the language of finance. His key […]

Not us, guv

Academic economists are smart people. In my experience, a few are rather too self-consciously smart. And one or two adopt the characteristic economist persona – perpetual patronisation of, and impatience with, those unfortunate souls working in the lesser social sciences – without obviously having the track record to […]

Inclusive capitalism

Mark Carney’s speech yesterday to an Inclusive Capitalism conference has attracted plenty of press coverage. And rightly so. It is a fascinating speech. But it is not necessarily fascinating for the arguments it sets out. The arguments are familiar. It is fascinating because it is Carney who is making […]

Is financial innovation a good idea?

Is financial innovation a good thing or a bad thing? Is it possible to tell in advance? Some might recall Warren Buffett’s comments in 2003, when he characterised derivatives as financial weapons of mass destruction, and suggest that perhaps it is. We know that novel, complex and non-transparent […]

Putting the brakes on housing booms

Property markets are frequently implicated in economic booms. It isn’t always residential property. But often it is. The last boom, which eventually triggered the Global Financial Crisis, had a strong housing market component. A while ago the Bank of England created the new Financial Policy Committee (FPC) with […]