News
Bloomberg | ECB Said to Urge Weaker Basel Liquidity Rule on Crisis Risks
The European Central Bank is pushing global banking regulators to relax a draft liquidity rule so that lenders can use some asset-backed securities and loans to businesses in a buffer they must hold against a possible credit squeeze, according to three people familiar with the talks.
Market Watch | Euro-zone money-supply growth accelerates in July
Money supply across the 17 nations that share the euro grew faster than expected in July, data from the European Central Bank showed Tuesday. M3, the broadest measure of money supply, expanded at an annual rate of 3.8% in July, accelerating from 3.2% in June. Economists had forecast a 3.3% annual increase.
Econ Comments & Analysis
Forbes | The Top Ten Reasons That You Should Support the "Gold Commission"
What has gone largely unreported are ten reasons the American people should support the creation of a “gold commission.”
Blogs
WSJ: Real Time Economics | Fed Economists Play Down Effect of Cutting Interest on Excess Reserves
Lowering the interest rate the Federal Reserve pays on excess reserves wouldn’t have a meaningful effect on the overall money supply, two economists argued in a Federal Reserve Bank of New York blog post Monday.
Economics One | Which Simple Rule for Monetary Policy?
The discussion of "Simple Rules for Monetary Policy" at last week’s FOMC meeting is a promising sign of a desire by some to return to a more rules-based policy.
