Archive

“You are now leaving the world as you know it.”

This episode features David Vines of Oxford University talking about the euro crisis. Can the monetary union survive the crisis?

World leaders who are gathering for the APEC summit next week had hoped to be signing the Trans-Pacific Partnership Agreement (TPP). The pact would bring together key Pacific-rim countries into a trading bloc that the United States hopes could counter China’s growing influence in the region.

How does economic theory match up with reality?

The current economic and financial crisis has given rise to a vigorous debate about the state of economics, and the training which graduate and undergraduates economics students are receiving. Importantly, among those arguing most strongly for a change in the way that young economists are trained are the ultimate employers of these students, in both the private and the public sector. Employers are increasingly complaining that young economists don’t understand how the financial system actually works, and are ill-prepared to think about appropriate policies at a time of crisis.

Anat Admati, author of The Bankers’ New Clothes: Whats Wrong with Banking and What to Do about It, talks about how to fix our broken banking sector.

Sadly, it is questionable whether the economy has really improved.

What do we need to do to get the financial sector back on track?

Friedrich von Hayek described the economist’s task as demonstrating how little we really know about what we imagine we can design

what would measures of systematic risk have indicated to Treasury Secretary Paulsen if they had been available at that time?

How can we contain institutional failure?

A look at the large role the trade deficit of the United States has played since the 1980s.

The failure of Lehman Brothers on 15 September 2008 marked the beginning of the end of the world’s love affair with financialization.

What can emerging economies learn from the financial meltdown in advanced economies?

With the collapse of Lehman Brothers in September 2008, a crisis in part driven by derivatives on subprime mortgages, a seemingly obscure sector of the financial market help fuel the worst economic crisis since the Great Depression.