online.wsj.com - 11/4/2008
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We are in the middle of the worst financial crisis in recent memory. Vast efforts are being made to extricate us from it, but there is little focus on preventing the next one. Rather than wait, there are things we can do now to avoid another crisis, or at least cushion the blow when it comes. I ...
VoxEU.org - 11/12/2008
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VoxEU.org —
Jon Danielsson , 12 November 2008 Iceland’s banking
system is ruined. GDP is down 65% in euro...
terms. Many companies face bankruptcy; others think of moving abroad. A third of the population is considering emigration. The British and Dutch governments ...
(more)
How bad could the crisis get? Lessons from Iceland
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Stephen Schwarzman’s Seven-Step Program
DealBook —
... If we are to sweep a vast array of financial institutions into the net of a single regulator, then that regulator has to be able to regulate not by promulgating a blizzard of ever more complex rules, but by enunciating a set of guiding principles. If these principles are coupled with strong disclosure and oversight, they will give the regulator the flexibility needed to cope with an ever-changing financial landscape, and to provide a clear direction for the regulated institutions. Go to Opinion from The Wall Street Jounral (Subscription Required) »
ETF, Economy Drubbing Has Lessons to Be Learned
ETF Trends —
ETF and Economy Health The global economy is in the middle of the worst financial crisis since the Great Depression and vast efforts have been made to improve it, but what can be done to prevent or protect stocks, exchange traded funds (ETFs) and other investment tools from losing significant market value in such a financial downfall? There are seven principles that should define any system of global financial regulation and monitoring, states Blackstone CEO Stephen Schwarzman in an opinion piece for the Wall Street Journal . First, he suggests that a common set of accounting ...
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