Archive for December, 2010
The mystery of derivatives, the secretive multi-trillion dollar market that few understand but is believed to be at the heart of the financial meltdown needs illumination. Without it, policy makers have no chance of getting much needed regulation right. The recent NY Times piece, “A Secretive Banking Elite Rules Trading in Derivatives” >> Read more
David Nicola is a Capital Institute Fellow and former portfolio manager at a credit hedge fund.
The following is an excerpt from Mohamed El-Erian’s article on the outlook for the global banking system which appears in The Economist’s 25-year Special Edition “The World in 2011.”
“Rich-world >> Read more
Preface for Sustainable Welfare In The Asia-Pacific: Studies Using the Genuine Progress Indicator, by Philip Lawn and Matthew Clarke, 2008
It is no small thing to shift the burden of proof. Yet that is what Lawn and Clarke, and their colleagues, have done in this remarkable study >> Read more