There will be a webcast book event on Wed Nov 5, from the Hoover Institution's Washington D. C. offices, also available after the fact at that link.
My "Toward a Run-Free Financial System" is in it, in published form, also available on my webpage.
Larry Summers' Low Equilibrium Real Rates, Financial Crisis, and Secular Stagnation is an interesting read in his evolving case for "secular stagnation," which I'm sure will get a lot of attention.
But lots of the other papers are really interesting as well.
The rest of the table of contents:
Introduction
By Martin Neil Baily and John B. Taylor
Chapter 1: How Efforts to Avoid Past Mistakes Created New Ones: Some Lessons from the Causes and Consequences of the Recent Financial Crisis
by Sheila C. Bair and Ricardo R. Delfin
Chapter 2: Low Equilibrium, Real Rates, Financial Crisis, and Secular Stagnation
By Lawrence H. Summers
Chapter 3: Causes of the Financial Crisis and the Slow Recovery: A Ten-Year Perspective
By John B. Taylor
Chapter 4: Rethinking Macro: Reassessing Micro-foundations
By Kevin M. Warsh
Chapter 5: The Federal Reserve Policy, Before, During, and After the Fall
By Alan S. Blinder
Chapter 6: The Federal Reserve's Role: Actions Before, During, and After the 2008 Panic in the Historical Context of the Great Contraction
By Michael D. Bordo
Chapter 7: Mistakes Made and Lesson (Being) Learned: Implications for the Fed's Mandate
By Peter R. Fisher
Chapter 8: A Slow Recovery with Low Inflation
By Allan H. Meltzer
Chapter 9: How Is the System Safer? What More Is Needed?
By Martin Neil Baily and Douglas J. Elliot
Chapter 10: Toward a Run-free Financial System
By John H. Cochrane
Chapter 11: Financial Market Infrastructure: Too Important to Fail
By Darrell Duffie
Chapter 12: "Too Big to Fail" from an Economic Perspective
By Steve Strongin
Chapter 13: Framing the TBTF Problem: The Path to a Solution
By Randall D. Guynn
Chapter 14: Designing a Better Bankruptcy Resolution
By Kenneth E. Scott
Chapter 15: Single Point of Entry and the Bankruptcy Alternative
By David A. Skeel Jr.
Chapter 16: We Need Chapter 14—And We Need Title II
Michael S. Helfer
Remarks on Key Issues Facing Financial Institutions
Paul Saltzman
Concluding Remarks
George P. Shultz
Summary of the Commentary
Simon Hilpert
John,
ReplyDeleteSimple question - what is a bank?
John,
ReplyDeleteAre you familiar with the primary dealer arrangement? Have you contemplated how a Pigouvian tax on short term borrowing would affect the buy side in Treasury bond auctions? Do you really believe any bank or other business would sell equity shares to buy the debt of the Federal Government?