Nicolás Cachanosky
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Uncertainty and the Fed’s Job: More Hard Times Ahead
In an exclusive interview with Reuters, Richard Fisher (President of Dallas’ Fed) said that the Fed has done its job: Fisher said, as he has repeatedly, that the Fed has done […]
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Europe and the Euro: Attacking the Problem or Dealing with the Symptoms?
The recent political events in Europe, especially the situation in Greece and in Italy, brought new concerns about the situation in Europe and the future of the Euro. If countries […]
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It is that easy to cook up new money?
The financial, and fiscal, crisis in Europe has brought doubt to the future of the Euro. Can it persist, or are we witnessing the end of the Euro? But, if […]
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Business Cycles, Open Economies and Wandering Bubbles
In a previous post we commented on some aspects that are relevant for business cycles in the context of open economies. We also showed that in not a few cases […]
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The Gold Standard Mentality and the Great Depression
It is a common argument that the gold standard was one of the reasons of the Great Depression. The Federal Reserve, it is argued, was unable to follow an optimal […]
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The Austrian Business Cycle Theory, Foreign Exchange and Business Cycles
The Financial Crisis of 2008 brought attention, once more, to the problem of business cycles. There are different approaches to study the phenomenon of business cycles. Some of them rest […]
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Checkmate?
The turmoils affecting the economics and financial markets in the United States and Europe do not seem to go away as fast as anyone would want to. Those who warned […]
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Where Is the U.S. Going?
This week was of high political voltage because of the debt ceiling debate. Could the most important economy in the world default its debt? And in such case, what would […]
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Saving, Hoarding and Fractional Reserve Banking
Fractional reserves is an important component of financial stability. Most of the financial regulation is aimed to control this aspect of banking practice such that banks do not become insolvent […]
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Germany and the Financial Crisis
Lately, a lot has been said about Greece, Spain and Italy in the financial crisis affecting Europe. The fear is that these economies can affect the performance of bigger economies, […]