Three birds with one stone: The G20 and systemic externalities 04 July 2010 Olivier Medjo As G20 leaders meet to discuss financial reform, this column argues that it is not too late for an international solution. It says that the EU and US should lead...
A proposal to reduce liquidity risk The global crisis ruthlessly exposed the weakness of the market for liquidity. This column suggests that banks should issue securities with a “Roll-Over Option Facility” that would allow banks to keep funds if there...
Multinational banks: They did not run away during the crisis Olivier Medjo 27 May 2010 Many commentators have called for regulation to prevent banks from becoming “too big to fail”. This column adds a cautionary note. A world with only small and domestic...
The impact of public guarantees on bank risk taking: Evidence from a natural experiment Olivier Medjo 27 March 2010 Public guarantees in the wake of the global crisis have been wide-spread. This column presents recent research on the effects of a 2001...
How does the stock market respond to petrochemical disasters? Olivier Medjo 27 May 2010 As oil continues to spew from the wreck of BP’s Deepwater Horizon rig in the Gulf of Mexico, this column analyses the possible effect on the company’s share price....
Financial constraints and innovation: Why poor countries don't catch up Olivier Medjo 27 Mai 2010 How can poor countries stop playing catch up? The question continues to puzzle economists. This column argues that the innovative and productive activities...
An autopsy of the US financial system: Accident, suicide, or negligent homicide? Olivier Medjo - 25 May 2010 Many policymakers stress that the global crisis was caused by a series of unforeseen events and “suicidal” behaviour by market players. This column...
Macroeconomics for the 21st century: Part 2, Policy Olivier Medjo Ndille 12.03. 2010 What are the implications of combining Keynesian ideas with Walrasian general equilibrium theory in a way that does not assume sticky prices? This column presents the...
Macroeconomics for the 21st century: Part 1, Theory Olivier Medjo Ndille 12.03. 2010 What are the implications of combining Keynesian ideas with Walrasian general equilibrium theory in a way that does not assume sticky prices? This column presents the...
A new Glass-Steagall Act? Olivier Medjo Ndille 4 March 2010 A return of the Glass-Steagall Act has been suggested by US policymakers and commentators as a way to reduce risk in financial markets. This column argues that the legacy of separate commercial...
