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Tag Archives: Masaaki Shirakawa

Goodhart’s cry of despair

Five years after the international banking system fell into the arms of the central banks and governments, there is still a paralysing uncertainty about the extent and cost of regulation, the viability of banking models and the monetary policy regime.   More about financial regulation and banking models in future columns. Now let us look…
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Why Asia fears new currency war

    The territory will be different – the sides will measure their gains and losses in terms of fractions of  an exchange rate movement rather than yards of muddy land in Flanders. But the implications could be far-reaching. Nothing less than the future shape and health of the world economy is at stake. The…
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Central banks remain stuck in the trap

        Mervyn King has mounted a defence of inflation targeting. Monetary policy, he claims, is part of the solution to the crisis, not part of the problem. This view was echoed by many official spokesmen at the recent IMF meeting in Tokyo. Christine Lagarde praised the central banks. There are quite minor…
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