MARKETS
Emerging Market Macro Misery Back At
Post-Crisis Highs – ZH
Hank Greenberg’s narcissistic and deluded
defense of Jamie Dimon – CJR
Thomson Reuters to Expand Eikon Instant
Messaging – WSJ
Why Thomson Reuters and Markit could give
Bloomberg a run for its money –
Quartz
Thomson Reuters tackles Bloomberg chat
dominance – FT
HEDGE
FUNDS
This once-$14B hedge fund's future is in doubt – CNBC
World's One-Time Largest FX Hedge Fund On Verge
Of Shutdown – ZH
How to Look Under a Hedge Fund's Hood – WSJ
Seven questions
investors should ask before investing
Walking dead update – alphaville
/ FT
The latest monthly
performance figures for the hedge fund industry are out — and those funds still
breathing had a good-ish month, up 1.6 per cent on average in September,
according to HFR.
ECONOMICS
Economics: the
biggest fraud ever perpetrated on the world? – Pieria
Global Impact and Challenges of Unconventional
Monetary Policies – IMF
Background Paper – IMF
The Life And Death Of A Massive Debt Bubble In
Seven Charts – ZH
Citi’s Matt King: “the
slate has still not been wiped clean”
Five Questions About Unconventional Monetary
Policy That’ll Be Answered Only 10 Years From Now – WSJ
Blogs review: The
expansionary effect of bond vigilantes – Bruegel
An FT column by Kenneth Rogoff – where the author argued that the UK’s austerity approach
was an adequate insurance policy against the possibility that investors would
stop buying British government debt – has generated an interesting debate in
the blogosphere about whether an attack of bond vigilantes would actually be
contractionary for a country that still retains a floating exchange rate.
A question of justice – Coppola
Comment
People of libertarian persuasion are often very keen on the idea that
Government should "defend property rights". Their view is that the
assets they own are theirs by natural right, and it is the Government's job to
defend that right. I find this view bizarre.
Borrowing from the Future — Except that We
Aren't – Noahpinion
Introducing
Post-Keynesian Economics – Pieria
Examining one of the alternatives to neoclassical economics.
On Savings &
Capital Structure – Pieria
Some people believe savings are the source of all Capital. Are they
right?
Central bank policies
- the way forward after the crisis – BIS (pdf)
Speech by Mr Stefan
Ingves, Governor of the Sveriges Riksbank and Chairman of the Basel Committee
on Banking Supervision, at the Royal Bank of Scotland, Stockholm, 4 October
2013.
Key developments in the tri-party repo market – BIS (pdf)
Introductory remarks
by Mr William C Dudley, President and Chief Executive Officer of the Federal
Reserve Bank of New York, at the Workshop on "Fire Sales" as a Driver of Systemic Risk
in Tri-Party Repo and Other Secured Funding Markets, Federal Reserve Bank of New York, New York City, 4 October 2013.
The fire-sales problem and securities financing
transactions – BIS (pdf)
Speech by Mr Jeremy C
Stein, Member of the Board of Governors of the Federal Reserve System, at the
Workshop on "Fire Sales" as a Driver of Systemic Risk in Tri-Party
Repo and Other Secured
Funding Markets,
Federal Reserve Bank of New York, New York City, 4 October 2013.
From Credit Suisse’s
newly-minted Global Wealth Report.
DEBATE: MONEY MULTIPLIER
The Myth Of The Money
Multiplier – Econospeak
Money, Reserves, and
the Transmission of Monetary Policy: Does the Money Multiplier Exist? – FED
(pdf)
Contemporary Money
and Banking – Arnold
Kling
Money multipliers,
real and imagined – The Money Illusion