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19 May 2009

After the Crisis, Banks Will Have to Become Relational

Three innovative proposals for the interbank, corporate, and retail markets in banking. Banks have to decide whether they want to resemble government bureaucracies or Google and eBay
19 May 2009

Globalization Is Inefficient

The more economies are open, the larger their public sector is. It’s the foreign consumer who ends up picking up the tab
29 Apr 2009

No Future Without the Market

Nationalizations can only be short-term solutions. Government-owned banks are less efficient and profitable, although depositors consider them safer
15 Apr 2009

A Derivative Should Be Transparent and Easy-To-Understand

Derivatives are still needed for risk management. Those which triggered the crisis were too complex and were traded over-the-counter without explanation
15 Apr 2009

Is Kosovo a State?

The country celebrated its first year of independence last February. But only 54 states recognize the new entity
31 Mar 2009

Time to Rethink Money

Enough empty calls for a new Bretton Woods; now it's time to act, returning to the issues first highlighted by Keynes
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