News
Bloomberg | IMF to Contribute 1 Billion Euros to Cyprus Rescue
The International Monetary Fund will contribute about 1 billion euros ($1.3 billion) as part of a rescue program for Cyprus that aims to stabilize the nation’s banks and reduce public spending, IMF Managing Director Christine Lagarde said.
CNN Money | Bank of Japan set to launch war on deflation
Dramatic policy changes at the Bank of Japan are likely to start moving from rhetoric to reality Thursday, as the country makes an ambitious bid to reverse persistent deflation.
FOX Business | Fed Hawk Lacker and Dove Evans Face Off Over Inflation
One of the Federal Reserve's most hawkish officials confronted one of the institution's most dovish policymakers on Tuesday in a rare joint public debate over the risks posed to inflation by the U.S. central bank's bold steps to spur growth.
Bloomberg | Fed’s Lockhart Says QE May Be Needed Into Next Year
Atlanta Federal Reserve Bank President Dennis Lockhart said the Fed will probably need to strengthen the U.S. labor market by pressing on with asset purchases later into this year or into 2014.
Econ Comments & Analysis
Market Watch | Fed official eyes delayed Volcker Rule approval
A top Federal Reserve official on Wednesday said he is "hopeful" that the Volcker Rule, which is supposed to limit speculative trading by big banks, will be finished in 2013.
Forbes | An Overleveraged Fed Punishes Better-Capitalized Banks
The Fed recently told some top U.S. banks that they were inadequately capitalized, hence ineligible to pay the dividends that they had planned on paying. It’s certainly a troubling state of affairs in a supposedly-free America when bank executives lack the full liberty to operate their enterprises as they see fit without first obtaining permission from the officials of a fiscally-profligate government.
Mercatus | Evaluating the Centralized-Layers Approach to U.S. Federal Financial Regulation
Passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act in 2010 formalized a centralized-layers approach to financial regulation—an approach that the Economist (2012) noted has led to a gradual shift from one federal regulator for every three US banks in 1935 to three federal regulators for every one bank today.
Blogs
Economist | One expensive euro
Most of the time, American economic trends closely track those in Europe and vice-versa. When growth in one slows so does growth in the other. When one's economy tanks so does the other's, as in late 2008. And when recovery begins in one, so too does a rebound begin in the other, as in mid-2009. Sort of.
