Articles
Articles and analyses from the INET community on the key economic questions of our time.
Article
What Apple Should Do with Its Massive Piles of Money
An Open Letter to Tim Cook, CEO of Apple
Article
The Flummery of Capital-Requirement Repairs Since The Crisis
Government safety nets give protected institutions an implicit subsidy and intensify incentives for value-maximizing boards and managers to risk the ruin of their firms. Standard accounting statements do not record the value of this subsidy and forcing subsidized institutions to show more accounting capital will do little to curb their enhanced appetite for tail risk.