The “Disaster Stage” of U.S. Financialization
Posted in Main Blog (All Posts) on April 8th, 2009 4:33 am by HL
The “Disaster Stage” of U.S. Financialization
Thirty to forty years ago, the early fruits of financialization in this country – the first credit cards, retirement accounts , money market funds and ATM machines – struck most Americans as a convenience and boon. The savings and…
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What would it take to make international finance safe?
Lots of things, but one thing for sure is a true international lender-of-last-resort (ILLR). When domestic financial markets are gripped by panic, domestic central banks play a critical role in restoring stability because they stand ready to extend liquidity to…