News
Bloomberg | ECB Board Members Call for Publication of Meeting Minutes
Two European Central Bank Executive Board members said the minutes from policy meetings should be published, adding to signs the ECB may soon follow other major central banks in taking the step to increase transparency.
CNN Money | Dollar coin advocates renew push to replace dollar bill
People who want to replace the flimsy dollar bill with a sturdier metal coin are pushing their cause again.
Forbes | Investors who love QE should fear Larry Summers
One of Obama's top choices of the next head of the Federal Reserve has some reservations about current monetary policy.
Bloomberg | Investors Are Lab Rabbits in Central Bank Experiments
The European Central Bank and Bank of England are emulating Ben S. Bernanke’s experiment in offering monetary-policy guidance to financial markets. Investors could well end up being the guinea pigs.
Econ Comments & Analysis
Market Watch | Bernanke’s lame-duck status having policy impact
Federal Reserve Chairman Ben Bernanke’s perceived lame-duck status adds a wild card for markets trying to understand monetary policy, as the central bank prepares to meet this week.
Politico | Pulling the plug on failed financial institutions
The legislation we supported in 2010 does create death panels. But they found them in the wrong place. The U.S. federal government now has the power to terminate the lives of large, heavily indebted financial institutions — not frail, gravely ill old people.
NY Times | Not Too Big to Fail
New rules on bank capital, recently proposed by the Federal Deposit Insurance Corporation and other bank regulators, are a welcome step toward a safer and sounder financial system. And they come at a politically timely moment. Big banks invariably argue that new rules will impede their ability to thrive and, in the process, harm the economy. But their profits are soaring, even as the economy slows, a situation that makes their shopworn anti-regulatory argument all the more threadbare.
Blogs
Economist | The new monetary ideology
Quantitative easing, which almost no one had heard of five years ago, is the great new discovery in macroeconomic policy. Policymakers put their faith in it as the engine of recovery; variations in the quantity of money supplied by the central bank has graduated from an emergency measure to a permanent tool.
