Matthew C KleinRead Biography
Credit investors aren’t too worried about the economic cycle or corporate fundamentals, but they are worried about a potential boom in borrowing to do “transformative” deals.
They may have been investment-grade, but Steinhoff’s bonds have been a bad deal for the ECB.
Turns out that mishandling a banking crisis and then systematically annihilating the supply of local currency safe assets leads to sustained capital outflows.
- Marcus Noland explains the North Korean economy
- Brad Setser explains how corporate tax policy affects the balance of payments
- Michele Wucker explains “Gray Rhinos”
- Listen - The "gray rhino" theory
- James Heckman tells us why IQ is overrated
- Mihir Desai explains the wisdom of finance — Now with transcript!
- Mihir Desai explains the Wisdom of Finance
- Can we avoid another financial crisis?
- Hirschmania, the final chapter
- The life and speeches of Sadie Alexander
- Kim Rueben on the fiscal impact of immigration
- A sit down with Adair Turner
- Richard Florida on geographic inequality
- Further reading
- Jeremy Adelman on Albert O Hirschman’s “Exit, Voice & Loyalty”
- Dan Drezner on the marketplace of ideas
- Robert Lustig on the science behind our addictions
- The economic impact of immigration
- Further reading
- Ricardo Hausmann on the tragedy in Venezuela
And why #fullcommunism is a bad idea
How are central banks expected to function if the world’s smartest economists and policymakers can’t even agree on the basics?
Random variation in American financial supervision reveals important insights into the dangers of “forbearance”.
You’d think economies freed from “golden fetters” would have less economic volatility and lower risk of catastrope. And yet…
Target2 balances reflect euro area’s potential to be better than traditional exchange rate peg regime
Think of it within the context of the balance of payments as foreign exchange reserves that can never be depleted.
New analysis of state-level data from the 1980s and early 1990s shows how financial deregulation led to larger boom-bust cycles.