JPMorgan’s Blunder Is No Market Failure
Posted: May 15, 2012 Filed under: Financial Regulation Leave a comment »http://www.thefreemanonline.org/headline/jpmorgan-blunder/
The JP Morgan Caper
Posted: May 15, 2012 Filed under: Financial Regulation, Uncategorized Leave a comment »Sent to you via Google Reader
The JP Morgan Caper
Why JPMorgan Chase’s $2 Billion Blown Deal Doesn’t Prove the Case for More Financial Regulation
Posted: May 15, 2012 Filed under: Financial Regulation, Uncategorized Leave a comment »Sent to you via Google Reader
Why JPMorgan Chase’s $2 Billion Blown Deal Doesn’t Prove the Case for More Financial Regulation
Krugman’s Misreading of US Banking History
Posted: May 15, 2012 Filed under: Financial Regulation, Free Banking, Uncategorized Leave a comment »Sent to you via Google Reader
Krugman’s Misreading of US Banking History
Eugene White on bank regulation
Posted: April 4, 2012 Filed under: Financial Regulation, Uncategorized Leave a comment »Sent to you via Google Reader
Eugene White on bank regulation
Articles on financial regulation and innovation
Posted: November 3, 2011 Filed under: Financial Crisis, Financial Innovation, Financial Regulation Leave a comment »http://www.annualreviews.org/doi/abs/10.1146/annurev.financial.050808.114326
http://www.annualreviews.org/doi/abs/10.1146/annurev-financial-102710-144830
http://www.annualreviews.org/doi/abs/10.1146/annurev-financial-102710-144901
http://www.annualreviews.org/doi/abs/10.1146/annurev-financial-102710-144918
Can Tight and Centralized Financial Regulation Prevent Financial Crises? Czech Government Bond Seignorage in the Historical Perspective
Posted: November 2, 2011 Filed under: Financial Crisis, Financial Regulation Leave a comment »ftp://ftp.mendelu.cz/RePEc/men/wpaper/14_2011.pdf
The Dick Durbin Bank Fees
Posted: October 3, 2011 Filed under: Financial Regulation, Uncategorized Leave a comment »Sent to you via Google Reader
The Dick Durbin Bank Fees
A Brief History of Regulations Regarding Financial Markets in the United States: 1789 to 2009
Posted: October 3, 2011 Filed under: Financial Regulation Leave a comment »http://www.nber.org/papers/w17443.pdf
Is Regulation Essential to Stock Market Development? Going Public in London and Berlin, 1900-1913
Posted: August 21, 2011 Filed under: Anarchy, Development Economics, Financial Regulation Leave a comment »http://wigesch.uni-koeln.de/fileadmin/FTP/RePEc/wso/wpaper/CEH_2011_2.pdf
Public ownership of banks and economic growth
Posted: June 28, 2011 Filed under: Financial Regulation Leave a comment »http://onlinelibrary.wiley.com/doi/10.1111/j.1468-0351.2011.00421.x/abstract
Bank of America to change fees for checking accounts, cites increased regulation
Posted: January 6, 2011 Filed under: Financial Regulation Leave a comment »http://www.washingtonpost.com/wp-dyn/content/article/2011/01/05/AR2011010505358.html
Congress Causes Credit Card Customers to Jump to Sharks
Posted: January 4, 2011 Filed under: Financial Regulation, Uncategorized, Unintended Consequences Leave a comment »Sent to you via Google Reader
Congress Causes Credit Card Customers to Jump to Sharks
The Inefficiency of Refinancing: Why Prepayment Penalties Are Good for Risky Borrowers — by Christopher J. Mayer, Tomasz Piskorski, Alexei Tchistyi
Posted: December 6, 2010 Filed under: Financial Regulation, Uncategorized, Unintended Consequences Leave a comment »Sent to you via Google Reader
The Inefficiency of Refinancing: Why Prepayment Penalties Are Good for Risky Borrowers — by Christopher J. Mayer, Tomasz Piskorski, Alexei Tchistyi
This paper explores the practice of mortgage refinancing in a dynamic competitive lending model with risky borrowers and costly default. We show that prepayment penalties improve welfare by ensuring longer-term lending contracts, which prevents the mortgage pools from becoming disproportionately composed of the riskiest borrowers over time. Mortgages with prepayment penalties allow lenders to lower mortgage rates and extend credit to the least creditworthy, with the largest benefits going to the riskiest borrowers, who have the most incentive to refinance in response to positive credit shocks. Empirical evidence from more than 21,000 non-agency securitized fixed rate mortgages is consistent with the key predictions of our model. Our results suggest that regulations banning refinancing penalties might have the unintended consequence of restricting access to credit and raising rates for the least creditworthy borrowers.
An Autopsy of the U.S. Financial System — by Ross Levine
Posted: May 3, 2010 Filed under: Financial Crisis, Financial Regulation, Uncategorized Leave a comment »Sent to you via Google Reader
An Autopsy of the U.S. Financial System — by Ross Levine
In this postmortem, I find that the design, implementation, and maintenance of financial policies during the period from 1996 through 2006 were primary causes of the financial systems demise. The evidence is inconsistent with the view that the collapse of the financial system was caused only by the popping of the housing bubble and the herding behavior of financiers rushing to create and market increasingly complex and questionable financial products. Rather, the evidence indicates that regulatory agencies were aware of the growing fragility of the financial system associated with their policies during the decade before the crisis and yet chose not to modify those policies.
Daniel J. SmithSent Via Mobile Phone
http://www.danieljosephsmith.com
Gambling with Other People’s Money How Perverted Incentives Caused the Financial Crisis
Posted: April 28, 2010 Filed under: Financial Crisis, Financial Regulation, Uncategorized Leave a comment »http://mercatus.org/publication/gambling-other-peoples-money
The Chris Dodd Strangle Entrepreneurship Act, or, Where’s Creative Destruction When You Need It?
Posted: April 6, 2010 Filed under: Collusion, Entrepreneurship, Financial Regulation, Regulation, Uncategorized Leave a comment »Sent to you via Google Reader
The Chris Dodd Strangle Entrepreneurship Act, or, Where’s Creative Destruction When You Need It?
The Riskiness of Putting Trust in the Best and the Brightest
Posted: March 3, 2010 Filed under: Financial Regulation, Uncategorized Leave a comment »“In the end, the call for a systemic-risk regulator is yet another futile expression of faith in the power of government to outthink the markets. It is another foolish bet on bureaucrats and politicians in a tightly regulated economy being more likely to bring prosperity than free businessmen, investors and consumers in a free market. It is the biggest sucker bet in history: a bet on tyranny over liberty.”
http://cafehayek.com/2010/03/the-riskiness-of-putting-trust-in-the-best-and-the-brightest.html
Bad News Ban
Posted: February 27, 2010 Filed under: Financial Regulation, Speculation Leave a comment »http://www.overcomingbias.com/2010/02/big-bad-news-ban.html
Financial Innovation
Posted: February 23, 2010 Filed under: Economic Growth, Financial Crisis, Financial Innovation, Financial Regulation Leave a comment »http://www.economist.com/debate/days/view/471#pro_statement_anchor
Watch out for new credit card traps
Posted: February 20, 2010 Filed under: Financial Regulation, Regulation Leave a comment »http://money.cnn.com/2010/02/17/news/companies/credit_card_rules/index.htm
HT: Professor Steve Horwitz
Complex Loans Didn’t Cause the Crisis
Posted: February 19, 2010 Filed under: Financial Crisis, Financial Regulation Leave a comment »And Obama’s Consumer Financial Protection Agency wouldn’t protect us from another one:
Did Financial Deregulation Lead to the Financial Crisis?
Posted: January 28, 2010 Filed under: Financial Crisis, Financial Regulation, Regulation Leave a comment »http://organizationsandmarkets.com/2010/01/28/the-era-of-laissez-faire/
HT: David Skarbek
Short Selling
Posted: January 6, 2010 Filed under: Financial Regulation, Short Selling Leave a comment »http://www.thefreemanonline.org/featured/the-long-and-short-of-short-selling/
Will Congress Take Another Swipe at Credit Cards?
Posted: January 5, 2010 Filed under: Consumer Safety, Financial Regulation, Regulation Leave a comment »http://online.wsj.com/article/SB10001424052748704905704574622722184163510.html
Capitalism without Romance
Posted: December 6, 2009 Filed under: Fannie and Freddie, Financial Crisis, Financial Regulation, Mortgages Leave a comment »http://american.com/archive/2009/december-2009/capitalism-without-romance
HT: Steve Horwitz
Horwitz on Executive Pay
Posted: October 30, 2009 Filed under: Executive Pay, Financial Crisis, Financial Regulation Leave a comment »http://www.pbs.org/nbr/blog/2009/10/government_meddling_in_bank_ex.html
Professor Roberts Testifying Before Congress on Executive Pay and Bailouts
Posted: October 29, 2009 Filed under: Bailout, Executive Pay, Financial Crisis, Financial Regulation Leave a comment »Skip to 1:01:36
Larry White on the Role of Credit Rating Agencies in the Financial Crisis
Posted: October 17, 2009 Filed under: Financial Crisis, Financial Regulation, Regulation Leave a comment »http://www.mercatus.org/PublicationDetails.aspx?id=28362
Fannie’s Next Big Adventure – The Wall Street Journal.
Posted: October 10, 2009 Filed under: Fannie and Freddie, Financial Crisis, Financial Regulation, Housing Bubble, Uncategorized Leave a comment »I thought you would be interested in the following story on WSJ.com.
Fannie’s Next Big Adventure
http://online.wsj.com/article/SB10001424052748703746604574460903449028672.html
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Daniel J. SmithSent Via Mobile Phone
