Economic (and financial crisis) links
Arguing that a combination of bad policies made the Great Depression more than just a recession.
Two good LJ posts: on why this is not like the Great Depression and one why stock market crashes do not matter so much. A nice blog post on stock market crash as a return to long-term trends.
Iceland has asked for IMF help.
A risk manager for a prominent bank explains what went wrong in risk assessment.
About the limits of central banking. Wondering if a global financial regulator may be needed.
Some blogs to read on the banking crisis.
Krugman explains the difference between bailing out and recapitalising and why the latter is needed and the former does not help (as a noted political scientist recently suggested on his Facebook entry, the bailout does rather look like a form of the sunk cost fallacy). Paul Krugman has also won the Nobel prize in Economics. Collection of links on Krugman and on new trade theory. Krugman is also a highly partisan columnist.
The interaction of welfare rules and British rationing of land can create some odd results.
Various US States have serious budget problems. Mapping which States. Why they do.
About the Clinton Administration and the housing crisis. The Australian Institute of Chartered Accountants has produced a step-by-step guide (pdf) to the collapse of the US sub-prime mortgage market.
In Oz, the Federal Government has issued a blanket guarantee for deposits in financial institutions.
The US Department of Transportation is going to start auctioning off landing slots at major airports. The airlines are against it: I infer from this that they have been underpaying for a scarce resource.
Two good LJ posts: on why this is not like the Great Depression and one why stock market crashes do not matter so much. A nice blog post on stock market crash as a return to long-term trends.
Iceland has asked for IMF help.
A risk manager for a prominent bank explains what went wrong in risk assessment.
About the limits of central banking. Wondering if a global financial regulator may be needed.
Some blogs to read on the banking crisis.
Krugman explains the difference between bailing out and recapitalising and why the latter is needed and the former does not help (as a noted political scientist recently suggested on his Facebook entry, the bailout does rather look like a form of the sunk cost fallacy). Paul Krugman has also won the Nobel prize in Economics. Collection of links on Krugman and on new trade theory. Krugman is also a highly partisan columnist.
The interaction of welfare rules and British rationing of land can create some odd results.
Various US States have serious budget problems. Mapping which States. Why they do.
About the Clinton Administration and the housing crisis. The Australian Institute of Chartered Accountants has produced a step-by-step guide (pdf) to the collapse of the US sub-prime mortgage market.
In Oz, the Federal Government has issued a blanket guarantee for deposits in financial institutions.
The US Department of Transportation is going to start auctioning off landing slots at major airports. The airlines are against it: I infer from this that they have been underpaying for a scarce resource.