From bail-inable private sector capital to mandated reserves of essential goods, there’s a lot regulators can do to ensure economies can better cope with Covid-19 style shocks in the future.
- Let’s flatten the coronavirus confusion curve
- NMC Health: presented without comment
- When “commission-free trading” isn’t (really) free
- Michael Milken: financial innovator
- Oh no, the death-techers are coming
- Bitcoin’s “halvening” won’t boost its price
- CEO of JPM, recipient of $bns in state aid, bashes socialism
- Trump just made a joke about negative rates
- The Witcher is not a freelancer
- The ITV M&A fantasy
- Blockchain, all over your face
- Baillie Gifford: pot kettle black
- Is Facebook’s status as the bête noire of political advertising justified?
- The Eurosystem might have a fatal flaw. But it’s not this
- Venture capital for the ‘forgotten’
- The troublesome Trump inside trading claim
- The US economy is not recession-proof
- Hedge fund bro gonna hedge fund bro
- What do women want? Some crypto flavoured mansplaining, apparently.
- The Fed’s wishful thinking on inflation
Let’s not get too excited.
Central banks are supposed to offer counter-cyclical support in times of crisis. Macrofinance expert Daniela Gabor argues that when it comes to dollar swap facilities, central banks’ obsession with market discipline undermines that support.