Opinion Pieces

One aspect of the Cypriot crisis resolution is of particular concern. As authorities fear that anyone with money in Cyprus will want to take it out as...

Risk metrics should be based on asset cash flows.

Is the fact that different banks have different risk models problematic? Contrary to the Basel Committee and the European Banking Authority, this...

Short-term price movements have come to dominate.

According to classical economics, there are no gains to be made in an efficient market. Yet markets are often far from efficient and the gains are...

Open letter by the international Euro-nomics academic group (www.euro-nomics.com), composed of Markus Brunnermeier, Luis Garicano, Philip R. Lane...

How does economic theory need to adjust in light of the global financial crisis? This column presents a new insight on how innovation leads to rent...

Have capital market booms and crashes discredited the efficient market hypothesis? This column says yes and suggests a new model that explains asset...