Showing posts with the label finance

Fed Nixes Narrow Bank - Barokong

A narrow bank would be a great thing. A narrow bank takes deposits, and invests 100% of the money in interest-paying re…

Asset Pricing Mooc, Resurrected - Barokong

The videos, readings, slides/whiteboards and notes are all now here on my webpage.  If you just want the lecture videos…

Volume and Information - Barokong

This is a little essay on the puzzle of volume, disguised as comments on a paper by Fernando Alvarez and Andy Atkeson, …

A Better Choice - Barokong

Roll up your shirtsleeves, financial economists. As reported by Elizabeth Dexheimer at Bloomberg, Rep. Jeb Hensarling i…

Balance sheet balance - Barokong

The Fed has a huge "balance sheet" -- It owns about $3 trillion of government bonds and mortgage backed secur…

Covered Interest Parity - Barokong

Here's how covered interest parity works. Think of two ways to invest money, risklessly, for a year. Option 1: buy …

More good finance articles - Barokong

The February Issue of the Journal of Finance made it to the top of my stack, and it has a lot of good articles. The fir…

WalBank - Barokong

Arnold Kling's Askblog quotes Robert J. Mann Wal-Mart’s application to form a bank ignited controversy among dispar…