Martin Wolf’s Seven Principles of Financial Regulation

In his most recent excellent column Martin Wolf presents his seven principles of financial regulation. In this column Wolf cites a recent paper I wrote where I presented ten fundamental issues in reforming financial regulation and supervision. I am very sympathetic to Wolf’s seven principles that in many ways are consistent with the views that […]

The Black Swan in the European Money Market

In the words of Jean-Claude Trichet (January 23, 2008): “Once the Governing Council has defined the monetary policy stance necessary for maintaining price stability in the medium term, in line with its mandate as defined by the Treaty, the ECB has the responsibility to also ensure the smooth functioning of the money market we influence. […]

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