The Economic Consequences of Loan Maturity Mismatching in the Unhampered Economy
Some economists of the Austrian School contend that business cycles are created when banks use the proceeds of short–term time deposits to create longer-term loans.
Financial Markets
Displaying 531 - 540 of 1066
The Fed and the “Salvador Dali Effect”
The Fed does not produce work or items of value.
The Savings and Loan Debacle: Twenty-Five Years Later
Many still blame “deregulation” for the financial disaster that was caused by an intricate web of federal laws and regulations, writes Dale Steinre
Review of Complexity, Risk, and Financial Markets by Edgar E. Peters
Complexity, Risk, and Financial Markets completes Peters’s trilogy by presenting the underlying philosophical case for chaos theory, which turns out to be grounded on distinctively Austrian views
The End of Money and the Struggle for Financial Privacy, by Richard W. Rahn
The best parts of Rahn's book are those dealing with the enhancement of privacy in the digital age. These parts are realistic and encouraging.
Neither Efficient nor Animally Spirited, but Eventually Adjusting: The Stock Market According to L.A. Hahn
The Efficient Markets Hypothesis (EMH) was dealt a fatal blow by the financial crisis of 2007-2009, out of which we have witnessed a revival of Keynesian conceptions of the financial markets.
Can Agency Theory Justify the Regulation of Insider Trading?
The insider trading debate traditionally discusses the pros and cons of insider trading and draws a conclusion about the desirability or undesirability of public regulation of insider trading.
Overcertification and the NYCHA’s Clamor for a NYSE Clearinghouse
Bank clearinghouse associations provided critical emergency services to their member banks during times of crisis. However, these associations, and the New York City Bank Clearinghouse Association (NYCHA) in particular,
A Critique of Adaptive and Rational Expectations
In contemporary economic theory, and especially in macroeconomics, expectations are being given a central place. There is virtually no economic model that does not examine how, within a dynamic perspective,
In Defense of Fundamental Analysis: Securities Arbitrage and the Efficient Market Theory
An entire generation of students has been taught to accept efficient market theory (EMT) as gospel. They have learned about investing in securities in an academic environment that rejects fundamental analysis.
