

144 – Peter Stella on Debt, Safe Assets, and Central Bank Operations
Feb 18, 2019
Chapters
Transcript
Episode notes
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18
Introduction
00:00 • 3min
Plumbing and the Operational Details of the Crisis
03:12 • 2min
The Pros and Cons of Bank Reserves
05:03 • 4min
The Importance of Money in Payment Systems
09:27 • 4min
The Role of the Central Bank in Monetary Policy
13:37 • 4min
The Unintended Consequences of QE
17:49 • 2min
How to Lower the 10-Year Treasury Rate
19:29 • 4min
Dodd-Frank's Enhancement Leverage on Capitalization
23:13 • 4min
The Fed's Large-Scale Asset Purchases Are QE
27:32 • 3min
The Benefits of Offloading Treasuries
30:38 • 5min
The Safe Asset Shortage Problem
35:24 • 2min
The Importance of Exporting Debt
37:37 • 6min
How to Improve Operations in Emerging Market Crisis Countries
43:17 • 2min
The Bifurcated Market of Domestic Debt
44:52 • 4min
How to Use the Fed to Manage Your Sovereign Balance Chain
48:59 • 3min
The Fed's Supplément Financing Program
51:54 • 6min
The German Government's Plan to Unwound the German Treasury Program
57:37 • 2min
The Fed's Balance Sheet Is Back to Where It Was
01:00:00 • 2min