This SDN takes stock of the current debate on the capital regulation of banks. The focus will be on the level of capital (other aspects such as contingent capital and the quality of capital have been covered in previous SDNs). It analyzes the pros and cons of higher capital requirements, and will conduct analyses to support the case for higher capital requirements, while highlighting areas where more work is needed to get more granular policy advice.

The recent global crisis highlighted the risks stemming from real estate booms. This has generated a growing literature trying to better understand the sources and the risks associated with housing and credit booms. This paper complements and supplements the previous work by (i) exploiting more disaggregated data on credit allowing us to dissociate between firm-credit and household (and in some cases mortgage) credit, and (ii) by taking into account the characteristics of the mortgage mark...

A believer of the Religious Science movement, a spiritual, philosophical and metaphysical religious movement within the New Thought movement, Joseph Murphy was a doctor of psychology who wrote extensively about the power of the subconscious mind. In an introduction to his most popular book on the subject, "The Power of Your Subconscious Mind", he writes "I have endeavored to explain the great fundamental truths of your mind in the simplest language possible. I believe that it is perfectly ...

It is popularly supposed that a greater prosperity for individuals or nations can only come through a political and social reconstruction. This cannot be true apart from the practice of the moral virtues in the individuals that comprise a nation. Better laws and social conditions will always follow a higher realisation of morality among the individuals of a community, but no legal enactment can give prosperity to, nay it cannot prevent the ruin of, a man or a nation that has become lax and...

In June 2008, Justin Yifu Lin was appointed Chief Economist of the World Bank, right before the eruption of the worst global financial and economic crisis since the Great Depression. Drawing on experience from his privileged position, Lin offers unique reflections on the cause of the crisis, why it was so serious and widespread, and its likely evolution. Arguing that conventional theories provide inadequate solutions, he proposes new initiatives for achieving global stability and avoiding ...

Please Note: This is a Basic Little Digital Currency Guide - For BeginnersThis book will provide you with an insight into what Bitcoins are and where they came from. It will explain to you how Bitcoins can be used, where you can get them, and how Bitcoin compares to real money.You will also discover how the Bitcoin process works, so that you can get your own wallet started. From downloading the software, to obtaining and using an address, you will discover ...

How To Be A Binary OptionsTrading KingUncovering The Secrets Of How To Trade Binary Options Like A KingThis bundle is made up of Andrew Johson's masterpieces on Binary Options, which includes:Binary Options: A Beginner’s Guide to Binary Options: Uncovering the Secrets of Binary Options AND Binary Options: The Ultimate Guide to Binary Options: Uncovering Binary Options Profit Making Secrets

For more information please see the book website:http://europesunfinishedcurrency.anthempressblog.comThe euro was originally seen as another stepping stone to a politically unified Europe. Yet with the fall of the Berlin Wall, the disintegration of the Soviet Union and the unification of Germany, the need for European political union as a means to ensure peace in Europe disa...

Despite their passion and fury, contemporary Americans are remarkably clueless about how their tax system works. But with heated debates over taxation now roiling Congress and the nation, an understanding of our tax system is of vital importance. Taxes in America: What Everyone Needs to Know®, by preeminent tax scholars Leonard E. Burman and Joel Slemrod, offers a clear, concise explanation of how our tax system works, how it affects people and businesses, and how it might be impr...

There is a wide spread belief that it was the private banking sector that caused the current economic crisis. "Greedy" private bankers destabilized the economy, as socialists put it. At the same time, there are many conspiracy theories about central banks around. According to these theories, central banks are controlled by "dark" forces, and these forces caused the crisis of 2008.As a result, most people without a background in economics are very confused. However reality is much s...

Why the dollar will remain the world's most powerful currencyMonetary rivalry is a fact of life in the world economy. Intense competition between international currencies like the US dollar, Europe's euro, and the Chinese yuan is profoundly political, going to the heart of the global balance of power. But what exactly is the relationship between currency and power, and what does it portend for the geopolitical standing of the United States, Europe, and China? Popula...

The central thesis of the book is that in order to evaluate monetary policy, one should have a clear idea about the characteristics and functions of money as it evolved and in its current form. That is to say that without an understanding about how money evolved as a social institution, what it is today, and what is possible to know about monetary phenomena, it is not possible to develop a meaningful ethics for money; or, to put it differently, to find what kind of institutional arrangemen...