Category General

Tirole’s Nobel Prize in Economics and Its Implications for Regulation

This year’s economics Nobel Prize (technically, it is not a Nobel Prize, but the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel) went to the French economist Jean Tirole. The price was awarded for his “analysis of market power and regulation”, according to the Royal Swedish Academy of Sciences. Tirole has devoted […]

Regulators’ Irrational Rationality and Bankers’ Rational Irrationality: Too Big to Fail, Self-Regulation, Moral Hazard and the Global Financial Crisis, 2007-2009

A new article by me will be published in the Oesterreichische Zeitschrift fuer Geschichtswissenschaften (OeZG) in early 2015. The Working Paper may be downloaded from the Social Science Research Network (SSRN). The abstract is provided below, for the full text, please visit SSRN. Abstract: Banks and other financial institutions which were too-big-to-fail (TBTF) played a […]

Cyprus: Bulwark of Capitalism

In the night on Monday, Cyprus’s government agreed on a haircut of up to 40% on deposits exceeding €100,000 and bondholders, while protecting savings below the threshold of €100,000 (which are insured under the Deposit Protection Scheme, DPS) in order to restructure Cyprus’s ailing two big banks. Earlier plans which envisaged a haircut of at […]

Originally posted on Gowers's Weblog:
The Dutch publisher Elsevier publishes many of the world’s best known mathematics journals, including Advances in Mathematics, Comptes Rendus, Discrete Mathematics, The European Journal of Combinatorics, Historia Mathematica, Journal of Algebra, Journal of Approximation Theory, Journal of Combinatorics Series A, Journal of Functional Analysis, Journal of Geometry and Physics,…

Welcome to my blog!

On finhistomics [FIN(ance)HIST(ory)(econ)OMICS], I will be blogging on current topics from finance, economics and business (along with a little politics – not much, promise) spiced up with some historical background. It will critically respond to and comment on pressing issues, highlighting especially economics topics from a sometimes different view, incorporating behavioural aspect as well as […]