Financial Stability News

News about financial stability, central banking and theory of money

Reading today

Mark Carney: A monetary policy framework for all seasons 

Al Gore: A Manifesto for Sustainable Capitalism

South Korea posts rare current account deficit : Exports to Europe fell 38 percent in January year-on-year compared to a 20 percent fall in December.

Evaluating the Impact of Fair Value Accounting on Financial Institutions: Implications for Accounting Standards Setting and Bank Supervision

The overall conclusion based on the evidence presented is that implementing fair value accounting more broadly may not necessarily provide financial statement users with more transparent and useful reporting.

Ben Bernanke and the zero bound

Very interesting NBER paper by Ball




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