A cross-field punt
A novelist and a mathematician have combined forces to produce a fictional account of the Lehman Brothers’ crash that injects life into soulless corners of financial teaching reading lists. Review …
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Rating agencies downgrading emerging market economies during the COVID-19 pandemic
Ten African countries have been downgraded since the COVID-19 pandemic started – Angola, Botswana, Cameroon, Cape Verde, Democratic Republic of the Congo, Gabon, Nigeria, South Africa, Mauritius and Zambia. These …
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A rent-seeking bastard speaks
As isolation and social difference goes viral, it’s time to come together. As the state cavalry charges over the hill to save us all from the viral hordes could March …
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Top asset managers show disregard for harmful impacts of their investments
38 out of 75 of the world’s largest asset managers, with greater assets under management than the GDP of the US and China combined, are stalling on taking action on …
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Investors flee from controversial pandemic bonds
Pandemic bonds sound like a curious financial concept — but they were brought in by the World Bank in 2017 to help developing economies. Against the odds, the coronavirus outbreak …
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Sabotage: The Business of Finance
From the Publisher: Financial malpractice, we’re told, is an aberration: the actions of a few bad apples deviating from the norms of a market-governed process and gaming the system. In …
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Testing investment advisers on ethics can lead to better behavior
There is a longstanding debate about the effectiveness of ethics training. Advocates for ethics testing argue that financial crises and corporate scandals, from the 2001 Enron scandal to the Great …
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We’ve filed a climate resolution at Barclays – now it’s time for investors to back it
By Wolfgang Kuhn, Director of Financial Sector Strategies, ShareAction Together with over 100 Barclays’ investors, ShareAction has filed the first ever climate-related shareholder resolution at a European bank. This is …
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Why Not Default?: The Political Economy of Sovereign Debt
From Publisher: The European debt crisis has rekindled long-standing debates about the power of finance and the fraught relationship between capitalism and democracy in a globalized world. Why Not Default? …
Read More Saint Mark’s square roots
An excerpt from The Venetian Files – a novel by Izaias Almada and Matheus Graselli. September 12-14, 2008: New York City, USA Hank Paulson managed to get Alistair Darling on …
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