Tag "Bank of England"
To understand risk management, look to heuristics
From the Bible to Bagehot, heuristics have been central to risk management culture. The 21st century science of risk management needs to work hand-in-hand with the age-old art of heuristics. Heuristics—
What low rates and high prices mean for investors
With few underpriced assets and interest rates at historical lows, do investors face a bubble or a stable– and unprecedented– leveling in markets? Spain, the jittering economy that recently prompted fears about
London housing bubble continues to grow
London, generally viewed as an investment haven, has developed a housing bubble fueled by foreign investors and urban migration. The government’s Lend to Buy program has not helped in the way
“Too Big to Fail” banks enjoy lower funding costs despite stronger regulations
Implicit subsidies for large systemic banks has come down since the crisis but it is still higher than before, reflecting an ongoing perception of government support for the largest banks. While
Book Review: Currency Wars
In his 2011 book Currency Wars: The Making of the Next Global Crisis, James Rickards explains that we are in the third reincarnation of currency wars. He highlights the fact that
Fed debates changing forward guidance
The quickly falling US unemployment rate has caused the Federal Reserve to reevaluate how it communicates when it will raise interest rates. Recently released minutes of the Federal Reserve’s last
Central banks rely on forward guidance
As interest rates remain low among developed economies, shaping expectations through communication is proving to be an effective monetary tool. Communicating the taper At its last monetary policy meeting, the
UK economy is finally recovering, says Bank of England
The Bank of England’s upbeat assessment of the state of economic recovery in the UK is the flavor of the month. GRI gives you the main points from the latest
Can Scotland and Catalonia afford independence?
Scotland will hold a referendum in 2014 to allow its people to choose whether they wish to stay in the United Kingdom or become an independent nation. If the majority
What is the cost of Scottish independence?
Guest blogger Rob Rose writes on currency prospects for Scotland, in the event of a separation from the United Kingdom. On the 18th September 2014 Scottish voters will be able
