Bank lending

Tracking foreign capital

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Christiane Kneer and Alexander Raabe

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Did Quantitative Easing boost bank lending?

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Nick Butt, Rohan Churm & Michael McMahon 

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House of Debt

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by Atif Mian and Amir Sufi

(University of Chicago Press 2014)

The financial crisis that began in 2007 was accompanied by a Great Recession which in Europe may have never really ended. Until now, policymakers have acted on the basis that to bring about recovery in the wider economy meant fixing the troubled banking system and … Continued

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RBS, leverage cycles and the pound of flesh

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I’ve been reading Atif Mian and Amir Sufi’s book ‘House of Debt’ (my review will be up soon) and one thing I’m grateful to them for is reminding me of the work of John Geanakoplos. I’ve been aware of his work for some time, particularly the collaboration with the Santa Fe Institute’s Doyne … Continued

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