Practical analysis for investment professionals

central banks


Perpetual Debt Is Already Here

The costs and risks associated with debt have shifted from the borrower to the lender.

Concentration Risk on the Buy-Side of Credit Markets: The Causes

What are the effects of buy-side concentration on the structure of the corporate bond market?

Book Review: Active Investing in the Age of Disruption

Evan L. Jones’s vantage point as a manager of managers brings invaluable insight to the most vital issues facing investment professionals.

Roberto Campos Neto, CFA, on COVID-19, ESG, and an Inclusive Recovery

Central Bank of Brazil governor Roberto Campos Neto, CFA, discusses the monetary policy response to the COVID-19 crisis in an interview with Marg Franklin, CFA.

Monetary Policy Gone Wild: A Lost Generation of US Growth?

The Fed could be setting the US economy up for a harder fall down the road.

No Longer Superheroes? Twilight of the Bonds

With low, nil, or negative yields, how much can bonds still contribute to a portfolio?

Richard H. Clarida on the Evolution of Fed Communications

Richard H. Clarida discussed what he calls "an evolution in Fed communication."

The Bezzle and the Central Banks

In today's bull market, the bezzle, or "inventory of undiscovered embezzlements," isn't stocked with Ponzi schemes and the like. Rather it is built on the notion that risky assets have become practically risk-free.

The Fed Has Few Options, Says Danielle DiMartino Booth

“You don’t have a lot to work with when the next discussion around the table is negative interest rates,” says Danielle DiMartino Booth.

Book Review: Money in the Great Recession

In this important contribution to the literature, noted monetary macroeconomists argue that the global financial crisis of 2007–2008 was caused by a crash in money growth.



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