Daniela Gabor on Financial Globalization, Capital Controls, and the Critical Macrofinance Framework
Macro Musings with David Beckworth
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The Politics of Private Finance in Europe
In europe, we haven't caught up with the institutional change that is required in order to back stop a market base finance. We have stronger bank regulations than we have strong shadow banking regulations. The rise of the rippe market is a response to the fact that we decided that monetary and fiscall policy have to be separated. David mackerol: How do we think through the question of balancing the political power of global finance with the democratic requirements of the state?
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