14 posts from "February 2014"
February 10, 2014
The Transformation of Banking: Tying Loan Interest Rates to Borrowers’ Credit Default Swap Spreads
Banks’ practice of tying loan interest rates to borrowers’ credit default swap (CDS) spreads constitutes one of the most recent financial innovations.
February 7, 2014
Crisis Chronicles: The Commercial Credit Crisis of 1763 and Today’s Tri‑Party Repo Market
During the economic boom and credit expansion that followed the Seven Years’ War (1756-63), Berlin was the equivalent of an emerging market, Amsterdam’s merchant bankers were the primary sources of credit, and the Hamburg banking houses served as intermediaries between the two.
February 5, 2014
Comparing U.S. and Euro Area Unemployment Rates
Euro area growth has been stalled since 2010, mired in the sovereign debt crisis, while the United States has managed a slow but steady recovery following the Great Recession.
February 3, 2014
A Mis‑Leading Labor Market Indicator
The unemployment rate is a popular measure of the condition of the labor market.
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