Would a tiny tax on securities turnover corral the frightening volatility of global financial markets and raise a ton of revenue painlessly in the process? Or would it undermine innovation and drive trading to friendlier climes? There will soon be no need to speculate (pun intended). Eleven EU countries are …
|
|||||
|
It’s “I-told-you-so” time for the bank lobbyists. They predicted that the price controls on the “interchange” debit card fees charged to merchants would automatically lead to higher fees somewhere else – in this case, as fixed monthly fees on debit card holders. This Whac-a-Mole model of pricing may not explain everything … By Robert Hahn, Peter Passell | Tags: bank fees, debit cards, two-sided markets | Category: Financial regulation |
 2 commentsMeredith Whitney, the market analyst who predicted the demise of Citigroup several years back, is now forecasting a sharp rise in municipal bond defaults. Her 60 Minutes interview in December triggered a deluge of bad press for the municipal securities (and a lot of dissenting opinion). … Eager to stay up to date on global financial market reform, but too busy to plow through the blizzard of analysis pouring out of academia, think tanks, governments, international organizations and blue ribbon commissions? Check out the summary (as well as the papers and the presenters’ PowerPoints) from a [READ MORE...] |
Professor Dieter Helm (Oxford) is a very fine fly fisherman, and an even better economist. If you haven’t done so, take a look at his new book “The Carbon Crunch: How We Are Getting Climate Change Wrong — and How to Fix It” for a bit of unconventional wisdom. He argues that politicians and the general public have not shown any real interest in addressing climate change. Helm argues that places like Europe should focus on setting a price for carbon that would cover consumption (and not just production), and that fracking could be a good “bridge” technology for reducing consumption of coal. The book is readable and insightful for those interested in the inside track on climate policy. 
   |
||||
|
Copyright © 2013 regulation2point0 - All Rights Reserved |
|||||
