On the risks of a new U.S. credit overheating

An interesting speech by Jeremy Stein emphasizes the ingrained tendency of financial institutions to boost earnings by selling tail risk insurance in forms not...

A new Asian Crisis?

A Nomura research report looks at the rising financial risk premium across Asia. It shows that economic fundamentals are not as bad as they...

IMF reminder of incomplete euro area banking union

A new IMF Staff Discussion Note provides opinion and advice on the euro area banking union. It reiterates the urgent need for a single...

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