martes, 13 de abril de 2010

Historia de dos crisis bancarias: 1929 y 2007

Aca

El estudio completo de Henry Liu sobre la crisis

Buena presentación de Garett Jones sobre las crisis financieras

Henry Liu sobre la lección que no se aprendió de 1987

Sobre política industrial

Columna de Dani Rodrik

Debate en The Economist

Dani Rodrik vs William Easterly

The Economist

¿Cómo ha evolucionado el mecanismo de transmisión monetaria?

Paper

Paper del Banco de Inglaterra sobre los mecanismos de transmisión


The monetary transmission mechanism

Política monetaria y desempleo

Paper de Jordi Gali

John Stuart Mill




"Like other tyrannies, the tyranny of the majority was at first, and is still vulgarly, held in dread, chiefly as operating through the acts of the public authorities. But reflecting persons perceived that when society is itself the tyrant – society collectively, over the separate individuals who compose it – its means of tyrannizing are not restricted to the acts which it may do by the hands of its political functionaries. Society can and does execute its own mandates: and if it issues wrong mandates instead of right, or any mandates at all in things with which it ought not to meddle, it practises a social tyranny more formidable than many kinds of political oppression, since, though not usually upheld by such extreme penalties, it leaves fewer means of escape, penetrating much more deeply into the details of life, and enslaving the soul itself. Protection, therefore, against the tyranny of the magistrate is not enough; there needs protection also against the tyranny of the prevailing opinion and feeling; against the tendency of society to impose, by other means than civil penalties, its own ideas and practices as rules of conduct on those who dissent from them; to fetter the development, and, if possible, prevent the formation, of any individuality not in harmony with its ways, and compel all characters to fashion themselves upon the model of its own. There is a limit to the legitimate interference of collective opinion with individual independence; and to find that limit, and maintain it against encroachment, is as indispensable to a good condition of human affairs, as protection against political despotism."

"The object of this Essay is to assert one very simple principle, as entitled to govern absolutely the dealings of society with the individual in the way of compulsion and control, whether the means used be physical force in the form of legal penalties, or the moral coercion of public opinion. That principle is, that the sole end for which mankind are warranted, individually or collectively, in interfering with the liberty of action of any of their number, is self-protection. That the only purpose for which power can be rightfully exercised over any member of a civilized community, against his will, is to prevent harm to others. His own good, either physical or moral, is not a sufficient warrant. He cannot rightfully be compelled to do or forbear because it will be better for him to do so, because it will make him happier, because, in the opinions of others, to do so would be wise, or even right These are good reasons for remonstrating with him, or reasoning with him, or persuading him or entreating him, but not for compelling him, or visiting him with any evil, in case he do otherwise. To justify that, the conduct from which it is desired to deter him must be calculated to produce evil to some one else. The only part of the conduct of any one, for which he is amenable to society, is that which concerns others. In the part which merely concerns himself, his independence is, of right, absolute. Over himself, over his own body and mind, the individual is sovereign."

"The only freedom which deserves the name, is that of pursuing our own good in our own way, so long as we do not attempt to deprive others of theirs, or impede their efforts to obtain it. Each is the proper guardian of his own health, whether bodily, or mental and spiritual. Mankind are greater gainers by suffering each other to live as seems good to themselves, than by compelling each to live as seems good to the rest."

Crisis de deuda soberana (Grecia)


Simon Johnson resume el problema


Detalles sobre la situación de Grecia

Columna de Krugman

Hipotesis de Dani Rodrik

Otro comentario

Opinion de Barry Eichengreen. Y David Beckworth

Opinion de Nouriel Roubini

In depth: Greek debt crisis. Compilado del Financial Times

Otro analisis de Grecia

Opinion de Antonio Fatas

Analisis pesimista, parte 1 y parte 2

Otro analisis pesimista. De Simon Johnson. Paul Krugman comenta

Otro analisis

Análisis de Roubini EconoMonitor en varias partes


Columna de Martin Wolf


Columna en Roubini EconoMonitor

Simon Johnson compara la situación de Grecia con la de Argentina.
Otra comparación con Argentina. Y otra. Y otra, de Domingo Cavallo

Simon Johnson describe tres posibles escenarios para Grecia (8/4/10)

Columna de Paul Krugman

Puede Alemania ayudar a superar la crisis si supera su miedo a la inflación?

Más sobre Grecia

Simon Johnson se pregunta: ¿turno para Portugal?
Y critica el rescate de Grecia (13/4/2010)

Artículo de The Economist

Columna de Roubini

Simon Johnson y Peter Boone comparan la situación de Grecia con una burbuja

Esta empezando el contagio? Columna de Simon Johnson y Peter Boone (23/4/2010)

Un default de Grecia sería similar a la quiebra del Creditanstalt en 1931

Perspectiva pesimista de Worthwhile Canadian Initiative (27/4/2010)
... y de Paul Krugman (27/4/2010)
Más de WCI (28/4/2010)

Varios artículos sobre la crisis (28/4/2010)

Simon Johnson considera la situación muy muy grave (28/4/2010)

Martin Feldstein dice que Grecia va a hacer default de su deuda (28/4/2010)

Nueva columna de Simon Johnson (29/4/2010)

Felix Salmon y Walter Bagehot sobre la crisis griega.


Paul Krugman compara la situación de Grecia con la de Inglaterra

Columna de Nouriel Roubini sobre las opciones de Grecia (30/4/2010)

Entrevista a Raghuram Rajan

Europa y el FMI decidieron rescatar a Grecia y definieron los detalles del rescate:
------------------------
Comentario de The Economist
Paul Krugman analiza la medida
Columna en el FT (2/5/2010)
Felix Salmon dice que el rescate no va a funcionar
Martin Wolf tampoco cree en el rescate (4/5/2010)
Simon Johnson dice que el rescate es insuficiente, y la amenaza es ahora para toda Europa (6/5/2010)
------------------------

Paul Krugman comenta sobre la devaluación


Por qué California no es como Grecia? The Economist comenta

David Beckworth compara la situación actual (3/5/2010) de Grecia con la de Argentina en 2001

Más de Krugman sobre Grecia (4/5/2010)

Artículo (y portada) de The Economist (29/4/2010) Más articulos de la edicion de The Economist

Paul Krugman cree que Grecia hará reestructuración y abandonará el euro (5/5/2010)

Un poco de historia económica de Grecia

El euro fracasó. Columna en VoxEU

Que pasa si Grecia hace default?

Artículo de RGE (6/5/2010)

EEUU es muy diferente a Grecia... Paul Krugman dice lo mismo (13/5/2010). Y lo critican fuertemente

Niall Ferguson analiza la crisis de Grecia y es pesimista sobre el panorama


Mohamed El-Erian sobre el riesgo soberano (7/5/2010)

Nuevo rescate de Grecia
--------------------------
Detalles del plan Bloomberg. The Economist
Financial Times
Paul Krugman comenta el nuevo plan
Análisis de The Economist. Más de The Economist
Arnold Kling
Simon Johnson y Peter Boone
David Beckworth
El papel del FMI en el rescate
...Un día despues del rescate, ya hay dudas de nuevo (11/5/2010) En el FT
Martin Wolf critica el plan
Análsis de James Hamilton
--------------------------

El Banco Central Europeo perdió su credibilidad. Columna en Bloomberg

Análisis de Antonio Fatas

Paul Krugman sigue pesimista sobre la situación. 15/5/2010 17/5/2010

Lecciones de la crisis según varios expertos

Lecciones de Argentina para Grecia?

Columna en el NYT y otros comentarios de Tyler Cowen

Eswar Prasad analiza las implicaciones del rescate griego para todas las regiones (24/5/2010)

Opinion de Robert Mundell y Steve Hanke (26/6/2010)

John Taylor sobre la forma de default de Grecia

Nouriel Roubini pide un default de Grecia en el FT
(28/6/2010)

'Greece and the fiscal crisis in the eurozone'


Problemas en Grecia de nuevo (22/11/2010)


Greece Is Almost Certainly “On Track” – But Towards Which Destination Is It Headed?

Otra comparación de Grecia con Argentina

Grecia podría dejar la zona euro

The ECB’s three mistakes in the Greek crisis and how to get sovereign debt right in the future

Varios posts sobre Grecia

Un artículo de The Economist. Otro

A quick guide to the greek crisis

Propuesta para salvar a Grecia: 'Brady bonds'. Opinion sobre el plan

Lecciones de Argentina para Grecia

The Economist pregunta que se debería hacer respecto de Grecia

Una historia económica de Grecia

---------------
Nuevo plan de rescate a Grecia

Resumen y análisis de Tyler Cowen
Columna de Ambrose Evans-Pritchard.
El comunicado. Varios análisis. Otro análisis
Varios análisis en el FT
Análisis de Rajiv Sethi

If Greece can leave, anyone can leave

'A Greek Exit from the Euro Area: A Disaster for Greece, a Crisis for the World'. Análisis de Willem Buiter

What next for Greece and Europe?

A timeline of greek crisis