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EconLog: Library of Economics and Liberty: Calomiris on the Crisis
Reactions
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Calomiris on the Financial Crisis: http://bit.ly/JHyzB ("distorted microeconomics") #podcast 10/31/2009 |
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Can't recommend @econtalker 's chat with Charles Calomiris enough - http://bit.ly/oAOkC #tlot 10/28/2009 |
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@noreenahertz I am more persuaded by Taylor http://bit.ly/vu2Fz Rogoff http://bit.ly/2Sm3SK and Calomiris http://bit.ly/4IEui 10/28/2009 |
Calomiris on the Crisis
EconLog: Library of Economics and Liberty —
Charles Calomiris talks with Russ Roberts . It is a long podcast, and it is perhaps the best ever. I hope that it gets transcribed, published, and widely disseminated. Consider the following statement: Deposit insurance is the _____ for banking crises. Calomiris argues that we should fill in the blank with "cause," not "solution." But that is actually a minor part of his story. Listen to the whole thing. CATEGORIES: ...
Calomiris on EconTalk
Knowledge Problem —
... If you aren’t listening to EconTalk (and you should be, it’s wonderful!), you will miss Russ Roberts talking with Charlie Calomiris about financial crises. ...
Not So Fast
Streetwise Professor —
... take on the current crisis, arguing that in fact the events of 2007-2009 (and the years leading up to the explosion of the crisis) are traceable in large part to egregious government failures. Some of these are monetary policy failures, but others relate to the perverse regulation of the supposedly unregulated banking and financial systems. And no, I’m not talking about the repeal of Glass-Steagall, or the CFMA. For a very clear explanation of this view, I strongly recommend this interview (by former colleague and fellow Chicago guy Russell Roberts) with Charles Calomaris ...
Stiglitz and Orszags on Fannie Mae
EconLog: Library of Economics and Liberty —
... and if the GSEs hold sufficient capital to withstand the stress test, the implication is that the expected cost to the government of providing an explicit government guarantee on $1 trillion in GSE debt is less than $2 million. To be sure, it is difficult to analyze extremely low-probability events, such as the one embodied in the stress test. Even if the analysis is off by an order of magnitude, however, the expected cost to the government is still very modest. In his recent Podcast interview with Russ Roberts, Charles Calomiris reveals something interesting that has been ...
More on the macroeconomy and real estate
Aguanomics —
... Russ Roberts' talk with Charles Calomiris is amazing. Calomiris has an excellent grasp (as if I can judge!) of the markets and political economy. Most interesting is ...
