Practical analysis for investment professionals

global financial crisis


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.

George Friedman: A US Recession Is Imminent, So Watch Germany

George Friedman will be watching how one last piece of the global financial crisis plays out very carefully. Peter M.J. Gross explains.

Sir Paul Tucker: Systemic Risk and Threats to Financial Capitalism

Sir Paul Tucker is not shy about making an audience feel uncomfortable, Mark Harrison, CFA, observes. In fact, the crowd was rather ill at ease during Tucker's presentation at the 70th CFA Institute Annual Conference, and not just because the topic was systemic risk.

Book Review: Risk

Risk: Your Global Guide is a slim but valuable guide to risk management and fraud detection. The book’s message is simple: Understand the basic principles of finance, reduce unintended risk, and obtain a level of reward commensurate with the level of risk that you assume. This high-level perspective allows the reader to see the big picture and understand how fraud at the highest levels of finance and government affects ordinary citizens.

Helicopter Money: An Idea Whose Time Has Come?

What's the cause of the current global economic malaise? Lord Adair Turner believes it all comes down to debt. His proposed solution? Helicopter money, or what he prefers to call "overt monetary finance of increased fiscal expenditure."

Has Global Debt Become Unsustainable?

During the global financial crisis, excessive debt was the principal disease. It also turned out to be the principal cure. Whether it was called quantitative easing (QE) or something else, it all meant the same thing: increased debt — both in absolute terms and relative to GDP.

A Different Kind of Bubble: Does Student Debt Threaten the US Economy?

The biggest economic impact of student debt may not be directly connected to either voluntary or involuntary default.

Nobel Laureate Robert Engle on VaR, Systemic Risk, and Liquidity

Nobel laureate Robert Engle discusses the development of the ARCH model, the global financial crisis, systemic risk, and forecasting liquidity with ARCH models.

Is Mainstream Finance Theory Adrift?

An important new monograph from the CFA Institute Research Foundation explores a fundamental question in the wake of the global financial crisis: Has finance theory failed investors?

Poll: What Is Your Favourite Documentary Film about the 2008 Financial Crisis?

In a poll conducted last week, we asked readers for their favorite documentary film about the 2008 financial crisis. "Inside Job" emerged as the clear favorite.



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