Category Archives: Economists on repo

Gallery

Lenders drove the boom and the bust

This gallery contains 1 photos.

In the years leading up to the 2008 financial crisis, trillions of new dollars flooded into housing.  Why? Was it coaxed into the housing market by borrowers who convinced bankers they could pay back the loans? No. It gushed into … Continue reading

Gallery

Bankruptcy act of 2005 worsened boom and bust

This gallery contains 1 photos.

One puzzle about the 2008 financial crisis is what caused the financial markets to bubble and burst at that particular time. One reason was The Bankruptcy Abuse Prevention and Consumer Protection Act of 2005.  Its provisions encouraged lenders to lend into … Continue reading

Gallery

Economists who best understand repo are still working to stabilize it: 2014 in review

This gallery contains 1 photos.

A series of conferences and reports in the second half of 2014 show that the economists who best understand the repo phenomenon are still worried about it and working to stabilize it. This is welcome news, after months of concern … Continue reading

Gallery

U.S. Regulators: Repo is vital, and it’s dangerous

This gallery contains 1 photos.

In the past three months, U.S. regulators have issued nine warnings about danger in the repo market, a market they repeatedly describe as critical to the worldwide financial system but needing reform. Is anyone listening? The Financial Stability Oversight Council, … Continue reading

Gallery

The future looks a lot like the past

This gallery contains 1 photos.

“Regulation of shadow banking is starting to look more and more like regulation of traditional banking 100 to 150 years ago, when it took decades of runs on banks, bank failures and economic agony before  Congress in 1933 finally approved … Continue reading

Gallery

NY Fed chief lays it on the line, for bankers and for the rest of us

This gallery contains 1 photos.

It felt like “The Gunfight at the O.K. Corral.” First to appear was departing Treasury Secretary Timothy Geithner, who told Wall Street Journal economics editor David Wessel in a wide-ranging exit interview January 17 that the financial markets are much … Continue reading

Gallery

Economists and other analysts see value, danger in repo and shadow banking, urge reform

This gallery contains 2 photos.

Latest update: October 2, 2012 In recent months economists and other experts have published a torrent of reports on repo and shadow banking, noting their importance and their dangers and urging reform. Following are 74 of the reports, arranged chronologically … Continue reading