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Don’t Panic! (At least not about inflation)

Jacqueline Best

Concerns about high inflation – a key narrative underpinning recent financial volatility – are highly suspect As financial markets have been showing their panicky side in the last few weeks, we’ve been hearing various accounts of what’s driving the volatility. One of the key narratives goes something like this: 1) wages are moving up in the United States, and 2) inflation is … Continue reading

22 March 2018 by
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The problem with treating a financial network like a financial market

Ten years after the financial crisis, the risks associated with securitisation are yet to be fully appreciated It is almost precisely ten years since BNP Paribas froze three investment funds linked to subprime securities, marking the start of one of the most significant financial crises and deepest recessions of our time. At the centre of this crisis was an obscure … Continue reading

23 August 2017 by
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