Macropru Twitlog Annual - March 2014

@macropru
2014 Tweetlog
March 2013 – 15 March 2014
one year 3,000 tweets 365 pages

3/16/2014 MacroPru (MacroPru) on Twitter
https://twitter.com/MacroPru 1/364
Tweets
Tweets 
Following 
Followers 
Favorites 
Lists 
Photos and videos 

Who to follow · Refresh · View all
Popular accounts · Find friends
Olafur Margeirsson @Icela…
Followed by kit juckes and o…
Follow
FinanzLinksGeld @Finanz…
Follow
Caixin Media @caixin
Follow
Trends · Change
#WatchRickysNewCover
Russia
Crimea
#Arsenal
Coach K
VCU
Tottenham
#ACCChampionship
Fred Phelps
#SelectionSunday
© 2014 Twitter About Help Terms Privacy
Cookies Ads info Brand Blog Status
Apps Jobs Advertise Businesses Media
Developers
TWEETS
2,999
FOLLOWING
6,526
FOLLOWERS
13.6K
MacroPru
@MacroPru
The #MacroPrudential Reader #macropru #MaPP #prudential #systemicrisk
#financialstability#economics #policy #finance #bubbles #globalliquidity
macropru.com
Edit profile
Reply Delete Favorite Buffer Instapaper
MacroPru @MacroPru · Mar 14
FT.com Tett on #bubbles & #USMPF paper ft.com/cms/s/0/d5ca6b… on Mkt
Tantrums research.chicagobooth.edu/igm/usmpf/2014…
pic.twitter.com/GJi91TZyXR
Expand    More
@bankofengland's Haldane: takes 2 hands to manage (popular idea since Jan
2014 AEA meetings) centralbanking.com/central-bankin… @CentralBanking1
View conversation Reply Delete Favorite Buffer Instapaper   More
Retweeted by MacroPru
China Biz Review @CBR_Magazine · Mar 14
More bad news for China's shadow bankers ow.ly/uAIUP via @ChinaEconReview

Expand Reply Retweeted Favorite Buffer Instapaper   More
Bob Henry @Rmhenry1Henry · Mar 14
This chart shows that China has been a good student of how the US banking
system can be be exploited to a bubble:
pic.twitter.com/TEOQDkRgsl


Reply Retweeted Favorited Buffer InstapaperExpand    More
Malaysia Chronicle @MsiaChronicle · Mar 14
China's shadow banking menace bit.ly/1d0grX2

#Bond strategists increasingly concerned a/b #liquidity in their market
robeco.com/en/professiona… @Robeco @phouweling
pic.twitter.com/ibHJW6QjRS
View photo     More
ADB Institute @ADBInstitute · Mar 14
ADBI BLOG: Was it all ‘nirvana?’ Why the emerging country gloom is mistaken
by Helmut Reisen. bit.ly/1lD9w5E via @AsiaPathways

Bank of England @bankofengland · Mar 14
Ambidexterity - remarks by Andrew Haldane ow.ly/uzZg5

"after int'l investors “discover” an EM, it receives massive – but easily reversible
– capital inflows"
@ProSyn po.st/jewni8
Expand Reply Delete Favorite Buffer Instapaper   More
Shadow Banking Subtext natl.re/1gonMhP @NRO regulation may be approp for
nonbanks that present bank-like risks [but not asset mgrs]
Retweeted by MacroPru

Marc Ostwald @MOstwald1 · Mar 14
bankofengland.co.uk/publications/D… Worth a read: BoE's Haldane on
"Ambidexterity" - about how macro-prudential & monetary policy work in tandem
Reply Retweeted Favorite Buffer Instapaper
FTComment @ftcomment · Mar 13
Excellent new feature: get email alerts when your favourite @FT columnist writes
an article on.ft.com/1kmX7Tr pic.twitter.com/BC5TUIUDEp
Expand

    More
Better #macroprudential stress tests voxeu.org/article/making… simple leverage
vs. risk-weighted capital: pic.twitter.com/zA3tL5WZAZ
Making #macroprudential stress tests more effective voxeu.org/article/making…
@voxeu Acharya, Engle, Pieret
Determinants of x-border banking capital ﬂows & eﬀectiveness of
#macroprudential in Turkey tcmb.gov.tr/research/discu…
pic.twitter.com/EOh2HangUR

Reply Delete Favorite Buffer InstapaperExpand    More
Migeru @MigeruBlogger · Mar 13
@MacroPru Are we supposed to believe the rest of the world is going to
accommodate an even larger EU current account surplus? @MerliAless

View conversation Reply Retweeted Favorite Buffer   More
Capital Ideas @BoothCapIdeas · Mar 13
A brief history of finance and my life at Chicago: An essay by Eugene Fama
chibooth.biz/1dWhN31 #TBT

MT Helleiner: hasn't been much change in the #market friendly content of int'l
#financial #regulations such as in #BaselIII. @SAISHopkins
View conversation Reply Delete Favorite Buffer   More
MT Helleiner: There was no #USdollar crisis, shows centrality of $USD in the
global financial system. twitter.com/EDhcDtklcY @SAISHopkins
Yep @MerliAless and he begs them to emulate #China reserves stockpiling, all
whilst importing deflation elsewhere. Good comment.
Alessandro Merli @MerliAless · Mar 13
Jeff Frankel confuses OMT, QE, suggests FX intervention "@ProSyn: “The euro
could afford to weaken substantially.”
bit.ly/Oo9FyF”

View conversation Reply Retweeted Favorited Buffer Instapaper   More
Donna Borak @donnaborak · Mar 13
ICYMI: Fisher, Brainard, Powell emphasize financial stability as part of #Fed's
mandate via @AmerBanker tinyurl.com/mf3lwvx

Binyamin Appelbaum @BCAppelbaum · Mar 13
All three Fed nominees recite the Fed's new mission statement: Employment,
price stability AND financial stability.

Expand Reply Retweeted Favorite Buffer   More

Amir Sufi @profsufi · Mar 13
Agree financial stability is important, but putting it in Fed mandate complicates
communications about MP.
Pedro da Costa @pdacosta · Mar 13
Fed has not only to fulfill dual mandate, but also to contribute to the
maintenance of financial stability - Fed nominee Fischer

#CurrentAccount: #global imbalances, structural break in C/A behavior 2006–8
in #emergingmarkets oep.oxfordjournals.org/content/66/2/4… @B_Eichengreen
et al
@ecb's Cœuré: Deleveraging, ... Prudential policy in the new banking union
framework bis.org/review/r140313… (cont) tl.gd/n_1s0unc3
BanqueFrance @banquedefrance ‘is active’ in onshore renminbi market
centralbanking.com/central-bankin… @CentralBanking1 < €1 bn agreemt w/
PBOC to grow?
Stephen Kinsella @stephenkinsella · Mar 13
New (to me, anyway) must read blog: House of Debt. Post on China and the
Dangers of Debt houseofdebt.org/2014/03/13/chi…

USA, Korea > <Japan: some Abenomics success but structural change uncertain
bit.ly/1jYfgXe @stlouisfed pic.twitter.com/iAspyki5m1
Francesco Papadia @FrancescoPapad1 · Mar 11
Can macro prudential tools help maintain financial stability in €-area when rates
have to be kept so low? See my post …eymatters-monetarypolicy.blogspot.com

MT @WirtschaftDE Die Rolle der mikro- und #makroprudenziellen regulierung
dlvr.it/54SzfV @BUNDESBANK #Finanzstabilitätsrat

@LCH_Clearnet new €GCPlus CCP service for tri-party repo
automatedtrader.net/news/at/149429… w/ @EuroclearGroup
@banquedefrance ow.ly/uuXuG
RT @HoumanShadab Richard Bookstaber likes stress testing.
henrystewart.metapress.com/app/home/contr… … #banking #systemicrisk
@meriodemiscanas read Ninja qz.com/186072/the-nin… @NinjaEconomics
(here, we ask at what age men decide to pay women as children- not tech)
View summary  Reply Delete Favorite Buffer Instapaper   More
Fazit-Blog @FazitBlog · Mar 12
Die Finanzkrise von 1763. Über ein Paper von Isabel Schnabel und Hyun Song
Shin: blogs.faz.net/fazit/2014/03/…

Ninja Economics @NinjaEconomics · Mar 12
@JustinWolfers Why does the chart only show salaries up to age 40?

View conversation Reply Retweeted Favorited Buffer   More
Veronique de Rugy @veroderugy · Mar 11
Bankers association and financial companies among top 25 political donors
bizjournals.com/washington/blo… via @washbizonline

#IMF Direct #blog: Financial Crises wp.me/pzYO9-1Pd Stijn Claessens: "Those
who cannot remember the past are condemned to repeat it."
Financialnewsweek @Financialnewswk · Mar 7
Fed policy too 'crude' a tool to address asset #bubbles nc.gs/1dxCSR0
#monetarypolicy #macropru

Expand Reply Retweeted Favorited Buffer Instapaper   More
Parallelen zu modernen Krisen auf, wie die Ökonomen Isabel Schnabel
(Universität Mainz) und @HyunSongShin blogs.faz.net/fazit/2014/03/…
#firesales
RT @Lequillerier @simonhinrichsen @Nouriel @FrancescoPapad1 La nouvelle
autorité macroprudentielle en France BSI Eco bit.ly/1ngpUO7
Victor Lequillerier @Lequillerier · Mar 11
@simonhinrichsen @Nouriel @FrancescoPapad1 La nouvelle autorité macro-
prudentielle en France BSI Economics bit.ly/1ngpUO7

View conversation Reply Retweeted Favorite Buffer Instapaper   More
Arturo Bujanda @ArturoBujanda · Mar 12
The Aftermath of the #Financial Crisis in 1 Graph #CrashWeek ow.ly/oXvWf
pic.twitter.com/nqfcYj4Q6H via @INETeconomics


View photo 
   More
NewsEnglish.Org @LuxVeritasMea · Mar 12
#글로벌경제 프린스턴대학 신현송 교수가 작년 말 발표한 논문에서 global
liquidity 2nd phase 라고 이머징마켓의 자금유출, 금리인상, 투자저하, 성장부진으
로 악순환 고리를 만들 것이라고 했는데, 앞으로 선진국에서 금리 올리면 더 할것

Accdg to William White youtu.be/tCx-lKdRrPs Martin & Venture @nberpubs are
wrong: White essentially says "don't maximise, just stabilise"
View media  Reply Delete Favorited Buffer Instapaper   More
Collateral-constrained "equilibrium" #credit #bubbles size depends on investor
sentiment @nberpubs nber.org/papers/w19960 Martin & Ventura
NBER @nberpubs · Mar 10
Managing Credit Bubbles nber.org/papers/W19960

Do Incentives Affect Loan Officer Behavior? nber.org/stories/wpStor…

.@s1moncox 1 poss answ fr BBVA: slideshare.net/BBVAResearch/1… >
twitter.com/BBVAResearch/s… takes a village to raise a loop?
pic.twitter.com/AVoPXFAZOe

Reply Delete Favorite Buffer InstapaperView photo     More
Robin Fransman @RF_HFC · Mar 12
@MigeruBlogger @MacroPru precisely.

@RF_HFC credit is a political function @MacroPru

Sean Dougherty @econecho · Mar 11
OECD calls for caution in winding down #QE to avoid another bout of #EM
volatility like in Jan oe.cd/v6 pic.twitter.com/1Tacg0fbAt
Expand

    More
Lisa Abramowicz @LisaAbramowicz1 · Mar 11
The glut of global debt, now at $100 trillion after growing more than 40% since
'07, and why we should care bloomberg.com/video/what-is-…

View summary Reply Retweeted Favorite Buffer Instapaper   More
Nicolas Marx @marxnd · Jan 22
Data doesn’t lie: illiquidity premium doesn’t exist
top1000funds.com/analysis/2014/… via @top1000funds

Raj Thamotheram @RajThamotheram · Feb 23
@JohnRogersCFA recognises large asset owners = universal owners!
bit.ly/1dlTuaR What new skills needed for new role? @Top1000funds


.@MigeruBlogger see #USMPF tags & twitter.com/MacroPru/statu… &
twitter.com/tracyalloway/s… & tinyurl.com/o9v6wgm it's mopo not rations nor
mapo
Even more? RT @RF_HFC Credit creation must be rationed.
ft.com/intl/cms/s/0/8… #macroprudential @MacroPru

View summary  Reply Retweeted Favorite Buffer Instapaper   More
@MigeruBlogger @MacroPru markets dont ration

"Monetary & #macroprudential .. to restrain credit growth, ..vulnerability ..
financial system" .. #OECD said on.wsj.com/1nfPdjo @WSJ
View summary Reply Delete Favorite Buffer Instapaper   More
BBVA Research @BBVAResearch · Mar 7
Regulation
The New Macro-prudential Policy Framework in the EU: the European Systemic
Risk Board's Flagship
bit.ly/1g4VWXT

Credit creation must be rationed. ft.com/intl/cms/s/0/8… #macroprudential

Simon James Cox @s1moncox · Mar 12
@HyunSongShin @FinanceAsia How many distress loops make a doom loop?

"FSB Transparency ... Leaves Info Gaps @NRCoalition new-
rules.org/news/program-u… a report financialstabilityboard.org/publications/r…
on FSB’s work on #shadowbanking"
Hyun Song Shin @HyunSongShin · Mar 11
Today's piece in @FinanceAsia reviews my five-step EM distress loop
bit.ly/1h9p3HG (original paper here bit.ly/MNzXt1 )

Lawrence H. Summers @LHSummers · Mar 11
Read my letter sent to Congress urging them to pass #IMFReform legislation:
new-rules.org/news/program-u…

Haakon Kavli @haakonkavli · Mar 12
Well worth a read: MT "@HyunSongShin: Five-step EM distress loop
bit.ly/1h9p3HG (original paper here bit.ly/MNzXt1 )"


#Asia Review of #emergingmarkets debt unwind
financeasia.com/News/374795,em… @hyunsongshin says asset mgrs can
amplify shocks twitpic.com/dy0cxy
Financial Review @FinancialReview · Mar 11
Chinese #banks may set their own #interestrates in a few years
afr.com/p/markets/chin… #China #loans #economy #debt #PBOC

.@Halsrethink anywhere trying to circumvent banking regs & dodge macropru
curbs, eg property devs, @s1moncox points to LGFVs in China
Former BIS research dir William White discusses monetary policy and financial
stability, not a fan of QE youtu.be/tCx-lKdRrPs @YouTube
View media Reply Delete Favorite Buffer Instapaper   More
In China, good shadow banks exploit gaps in the market. Bad shadow banks
exploit holes in regulation.

Expand Reply Retweeted Favorited Buffer   More
Hirofumi Uchida @huchida1 · Mar 11
“Lending Pro-Cyclicality and Macro-Prudential Policy: Evidence from Japanese
LTV Ratios” (Ono, Uchida, Udell and Uesugi) has been accepted

Princeton Univ Press @PrincetonUPress · Mar 11
Is China in the dollar trap? Eswar Prasad argues the dollar will remain the
world's reserve currency for a long time: video.cnbc.com/gallery/?video…

View summary Reply Retweeted Favorited Buffer Instapaper   More
A Evans-Pritchard @AmbroseEP · Mar 11
European banks face two stress tests: EM slowdown and ECB's very tough
rules. Credit likely to continue contracting: telegraph.co.uk/finance/financ…

Europarl2014 @2014Europarl · Mar 11
How many years will Italy be a slave to debt?
graphics.thomsonreuters.com/14/03/ITINFLDB… … pic.twitter.com/gopQH5AaiE
via @NaomiOhReally cc @FGoria


Reply Retweeted Favorite Buffer InstapaperExpand    More
Simon H @simonhinrichsen · Mar 11
Macro-prudential: if not now when? …matters-
monetarypolicy.blogspot.co.uk/2014/03/macro-… by @FrancescoPapad1

CompNet’s new firm-level data base buff.ly/1luhXAl twitpic.com/dxzxhx @voxeu
(@Altomonte_C) ... powerful tool competitiveness
@profsufi and @AtifRMian blog the #emergingmarkets #algorithm from
@HyunSongShin houseofdebt.org/2014/03/11/eme… pic.twitter.com/4KaNt2v2It
Atif Mian @AtifRMian · Mar 11
Emerging Markets Nightmare? Our latest post on the work of @HyunSongShin.
houseofdebt.org/2014/03/11/eme…

Amir Sufi @profsufi · Mar 11
Emerging market nightmare? Check out our new post on the excellent work by
@HyunSongShin : houseofdebt.org/2014/03/11/eme…

Banks shedding asset managers @SoberLook soberlook.com/2014/03/banks-…
#VolckerRule #consolidation #risk #concentration pic.twitter.com/8YXJet8YiP

Bank for Intl Settl. @BIS_org · Mar 11
Working Paper by Cohen and Scatigna: Banks and capital requirements:
channels of adjustment - bis.org/publ/work443.h…

ECON Committee Press @EP_Economics · Mar 11
#solvencyII: Parliament approves rules to reduce insurance firms’ investment
risks europarl.europa.eu/news/en/news-r…

Jon Danielsson @JonDanielsson · Mar 9
Risk models disagree the most when we need them the most.

#DeutscheBank How #EU proposed inclusion of #FinancialServices in the
#TTIP dbriskalert.org/wp-content/upl… #circumvention
pic.twitter.com/OYQ87gT6FM
Asset Quality Review Manual @ecb ecb.europa.eu/pub/pdf/other/… 11 April:
Remediation strategy for #AQR decided #zombiebanks
pic.twitter.com/v2QrSK6fbj

Banking Union EU @BankingUnion_eu · Mar 9
RT @jmackin2: I'm often critical of Draghi, but he's quite right on zombie banks
and AQR plan. Hope he sticks to it. #ECB

La #BCE n'est pas complaisante (Lautenschläger) echo.st/656030#Xtor=AD…
@LesEchos "BCE ..autres mesures pour pallier pénurie de liquidités"
Target2, offset much capital flight from #EU periphery nyfed.org/OeipHm
@NYFedResearch #financialstability pic.twitter.com/xxrPDEzvFD
IFC @IFC_EAP "goes retail" with IFC Impact Notes, offers NC 5yr,
ifcext.ifc.org/ifcext/pressro… step up capped 4% off of 1 1/8th. EM TEY vs
munis?
IFC EastAsiaPacific @IFC_EAP · Mar 11
News: IFC launches new program that allows U.S. individual investors to buy IFC
bonds & support private sector dev: wrld.bg/urnIn

Paweł Morski @Pawelmorski · Mar 11
Russian Corporate debt (white) vs rest of EM, ytd. pic.twitter.com/eNqgclLfTg


@s1moncox Where will SME's borrow in China if low avail~ #shadowbanking ?
ft.com/cms/s/0/729b85… “loans & social financing to rebound”?
Brown University @BrownUniversity · Mar 10
Remarks by @WorldBank Group President Jim Kim at Brown University: 'What is
to be done, and what will I do?' worldbank.org/en/news/speech…

#China #Brief: Bouncing tigers—or bitten dragons?
ftp01.economist.com.hk/ECN_papers/bou… via @ecn_asia @obrienross
pic.twitter.com/AvO6Knf6CZ
2014 Limits of #financial deepening on growth bis.org/publ/qtrpdf/r_… 2012
Reassessing impact of #finance on growth bis.org/publ/work381.p…
@Emergingtrends Hong Kong is off this chart. pic.twitter.com/gbAUu948Hi


View photo 
   More
#China 1 "deleveraging the #shadowbanking sector" on.ft.com/1fjZZv3 @FT // 2
opens door to new private banks on.ft.com/1cQuskm
St. Louis Fed @stlouisfed · Mar 5
Create your own FRED widget; you can now customize it with up to 10 series,
such as CPI and real GDP bit.ly/1j6JPwb

Leverage and Beliefs: Personal Experience and Risk Taking in Margin Lending
nber.org/papers/W19957

Sterling hit by BoE exports warning - Charlie Bean, the Bank of England’s
deputy governor for monetary policy,... ow.ly/2EAiXB
. @ChicagoFed #CharlesLEvans on Monetary Policy: Lessons fr the Past & Lkg
Fwd to Future ow.ly/uqPHA ow.ly/i/4QKBe
View photo Reply Delete Favorite Buffer Instapaper   More
Policymaking in crises: Pick your poison | vox voxeu.org/article/policy…
Christopher Whalen @rcwhalen · Mar 10
Perfect day in #Paris pic.twitter.com/ZRzqYMMJTB


Expand 
   More
GIC @Interdependence · Mar 10
Happening now: Governor Noyer of the Banque de France speaks at GIC’s
event! ow.ly/i/4QrT7

Long Time No Siege @JolleyWill · Mar 8
Global liquidity proxy as used by Shin, Bruno (2013). Simple GDP and leverage
comparison before delving into deeper statistical items.

"Crossover investors have taken money out of #emergingmarkets & stuffed it
into #highyield.bonds" nyti.ms/1fjAzOd @nytimes #bubbles
Rachel Neumann @AnimalSpiritEd · Mar 10
In case you wanted some open-source, free World Bank data for your research:
data.worldbank.org #ECC3810 #ECC3670 #economics #teachecon

Christophe Boucher @christopheB52 · Mar 10
@LeMondeEcoEnt Motivations de Poutine:tempérer les opposants en Russie
pour ne pas subir le même sort que Yanukovych? voxeu.org/article/what-s…

Jon Danielsson @JonDanielsson · Mar 10
VaR is usually better than ES, including for Basel III market risk regs, see
bit.ly/1cH7H88. What are the counterarguments?

MT @BVanCraeynest spectacular interactive atlas of #EU regional #statistics
by @EU_Eurostat bit.ly/Estat-Atlas pic.twitter.com/URr1FL4YeG

CentralBanking.com @CentralBanking1 · Mar 10
Fed not to blame for recent emerging market sell-off, says BIS dlvr.it/56HwsW

MT @s1moncox EM central banks have triple mandate: growth, infltn, & Fed-
watching. @BIS_org bis.org/publ/qtrpdf/r_… pic.twitter.com/7Q1awg4T5V
EM central banks have a triple mandate: growth, inflation, and Fed-watching.
@BIS_org
bis.org/publ/qtrpdf/r_… pic.twitter.com/QVIDbcHoFt
Expand

    More
#Australia most-discussed #macroprudential is LTV approach (NZ, #Canada,
#Sweden, #Norway, #Israel, #Korea HK) smh.com.au/business/banki…

RT @BBVAResearch New #Macroprudential Policy Framework in the EU: the
European Systemic Risk Board's bit.ly/1g4VWXT #sysrisk
Expand Reply Delete Favorited Buffer Instapaper   More
Macro Business @macro_business · Mar 9
More hints macroprudential is coming ow.ly/2EyTF4

Javier Arizmendi @meriodemiscanas · Mar 10
@ektrit @MacroPru The 29 G-SIB entities will be under pressure to do so. IIF
and BCBS are already negotiating an interpretation of rules.

日本銀行 @Bank_of_Japan_j · Mar 9
BIS・CGFS報告書「新興経済における銀行システムと地域金融統合」の公表
twme.jp/boj/00vx

Javier Arizmendi @meriodemiscanas · Mar 7
#Leverage ratio: EU will change its rules to follow Basel. Public Hearing of EU
Commission on Monday 10th March at 14:00 Brussels. #banks

#Economicdiary for DM reuters.com/article/2014/0… and EM
reuters.com/article/2014/0… to 22 March
Foreign Shocks on Chilean #Financial Markets: #Spillovers and Comovements
Between #Bond and #Equity Markets bcentral.cl/eng/studies/wo…
FOMC members discuss international #spillovers of @federalreserve monetary
policy centralbanking.com/central-bankin… @CentralBanking1
Alper Üçok @AlperUcok · Jan 21
9 of Top 10 most interconnected financial nations are in Europe, 7 of them in
Eurozone. UK 1st, Germany 2nd, US 10th. pic.twitter.com/dT4iMJV9V4
Expand

    More

CentralBankNews.info @centralbanknews · Mar 9
Emerging market rate hikes may strain banks – BIS dlvr.it/55wZxD

See @HyunSongShin in @NYTimeskrugman Krugman's slides: nyti.ms/1gju26N
Great Recession: Spread of the Crisis pic.twitter.com/ktkZ1K380h
Mapping the Global Flow of Funds (GFF): my IMF working paper with team from
IMF Stats Dept bit.ly/1n6uH18 pic.twitter.com/lhWCYxJVwq
Expand

    More
Current account imbalances do *not* explain recent squall in EMEs; key chart
from @BIS_org QR bit.ly/1i13cod pic.twitter.com/nXBU95jDn7
Expand

    More
Paweł Morski @Pawelmorski · Mar 9
BIS Quarterly Review: basically zerohedge for grownups.
bis.org/publ/qtrpdf/r_…


RT Mapping the #ShadowBanking System Through a Global Flow of Funds
Analysis SSRN ow.ly/u2hmq @JoeMenninger
#China Shadow Banking @ProSyn bit.ly/1l5zoHh & @iimag bit.ly/MZ1N5J
surging M2 is artificial credit pic.twitter.com/wnRdH4h2Qo
"there are multiple bodies w/ #macroprudential responsibility for all or parts of
the euro zone" nyti.ms/1qmdIKO @HugoDixon @nytimes
Marios Zachariadis @MariosZachariad · Mar 9
@Hugodixon on the new important #Macroprudential role of the ECB in Europe's
Banking Union nytimes.com/2014/03/10/bus…

2007-2013 jump in debt measured @BIS_org Q almost 2X US GDP
buswk.co/1hXGmxe @BW report bis.org/publ/qtrpdf/r_…
pic.twitter.com/1OPpW254K7
Matthew B @boes_ · Mar 9
Deglobalization: a euro area phenomenon (bis.org/publ/qtrpdf/r_…)
pic.twitter.com/XMjKVfLBJi


BIS Quarterly Review feature: The credit-to-GDP gap & countercyclical capital
buffers: Q&A - bis.org/publ/qtrpdf/r_…

BIS Quarterly Review feature: Forward guidance at the zero lower bound -
bis.org/publ/qtrpdf/r_…

Emerging economies respond to market pressure bis.org/publ/qtrpdf/r_…
@BIS_org Declining equity, debt & currency value pic.twitter.com/3fKu6diXqn
International #banking market 3Q 2013 @BIS_org Highlights of the BIS statistics
bis.org/publ/qtrpdf/r_… pic.twitter.com/jmfm6QpyaM

ADB Publications @adbpublications · Mar 2
ASEAN’s #banking market needs stronger integration. Its commercial banks
aren’t in all #ASEAN member states buzz.mw/bpf89_f

#mapoarchive (2012) Shadow banking – The ECB perspective
ecb.europa.eu/press/key/date… the #procyclical nature of margin requirements,
#repo
RT @adamkotsko #shadowbanking .. worked so well they're expanding into
shadow hotel & taxi twitter.com/adamkotsko/sta… pic.twitter.com/L3DA24W8RK
Shadow banking @Shadow_Banking · Mar 7
Is Direct Lending the Antidote for #ShadowBanking? - Institutional Investor
(subscription) (blog) dlvr.it/55Sg4D

Sandy Hendry @SandyHendry · Mar 9
Central bank tightening exacerbates shadow banking menace: state researcher.
via @ProSyn #oped po.st/JYGBts via @po_st

Senior bonds sell well for #Portgual banks euromoney.com/Article/331457…
@euromoney #corporate #risk #carrytrade pic.twitter.com/4nVnarPl1w

Globalization of Corporate Risk Taking princeton.edu/~hsshin/www/co…
Valentina Bruno & @HyunSongShin #interconnected #MNC
pic.twitter.com/TDazMaxfwi
#Sweden Riksbank: The linkages between monetary and #macroprudential
policies riksbank.se/en/Press-and-p… Jonsson & Moran
pic.twitter.com/PdpMrlgamu
Quentin De Rodat @QuentinDeRodat · Mar 6
The linkages between monetary and macroprudential policies bit.ly/1ieuWUE


ICYMI Forward guidance on forward guidance at #USMPF ow.ly/ucV7y
Kashyap, Shin @hyunsongshin #USMPF Highlights from @tracyalloway
on.ft.com/1n1DTY0 twitpic.com/dxo5fl #USMPF credit #bubble
Quartz @qz · Mar 8
Emerging markets have $318 bln more in offshore debt than we thought they did
qz.com/185386 by @jkaraian

Tracy Alloway @tracyalloway · Feb 28
This market tantrums and monetary policy paper is amazing:
tinyurl.com/o9v6wgm

Economic Charts @EconomicCharts · Mar 6
Draghi's dashboard - economic-charts.org/draghis-dashbo…
pic.twitter.com/X9ctZa8aT9
Expand

    More
#UK @bankofengland Prudential Regulatory Authority (PRA) comment
#deadline is 27 May 2014 bankofengland.co.uk/publications/P… #bank
#England
Marius Ooms @econlinks · Mar 7
Mar 2014 London, #Econometrics @THEworldunirank 2013-2014:
1 #Stanford
2/3 #MIT
2/3 #Oxford
4 #Harvard
5 #Princeton timeshighereducation.co.uk/world-universi…

The Economist @EconBizFin · Mar 7
Does economics need a rethink? econ.st/1qc21q0


Useful accounts of China's bond-market history:
bis.org/publ/bppdf/bis…
(word download):
wilsoncenter.org/sites/default/…
One big reason why risky firms rarely default on their bonds in China: they don't
issue them.
reuters.com/article/2013/1…

#EU Lg neg. net int'l barely moved: it's C/A stocks, not flows C/A imbalances
@Bruegel_org bruegel.org/nc/blog/detail… pic.twitter.com/7KRYhjC1aR
Fed policy too 'crude' a tool to address asset #bubbles: Lockhart - Reuters
nc.gs/1dxCSR0 #monetarypolicy #macropru
ADBI #EVENT: 13-14 Mar. ADBI-@OECD 14th Roundtable on Capital Market
Reform in Asia. adbi.org/event/6177.adb… … via @ADBInstitute
Norges Bank @NorgesBank · Mar 6
Charts accompanying speech “Macroprudential regulation and monetary policy”
by Governor Øystein Olsen at NTNU/INTØK norges-bank.no/en/about/publi…

Getting a Handle on Shadow Banking (Sep 2013)
econintersect.com/b2evolution/bl… interconnections create sources of systemic
risk
Systemic Risk Centre @LSE_SRC · Sep 10
New Discussion Paper by Tobias Adrian & Hyun Song Shin, and blog post by
Jeffrey Chwieroth & @JonDanielsson published shar.es/iuJZq

Greg Jericho @GrogsGamut · Mar 6
Good question by @edhusicMP to Glenn Stevens on macroprudential tools.
(Wrote about them last year - here - theguardian.com/business/grogo…)


NY Fed Research @NYFedResearch · Nov 13
Should one institution set monetary and macroprudential policy jointly? Or
should roles be split? bit.ly/17oHHGf

Evan Jenkins @ejenk · Mar 6
@mileskimball When will the Fed start using macroprudential injections to calm
the markets?

Reuters China @ReutersChina · Mar 6
Yuan band widening no substitute for real reform: BAML:
youtu.be/yVRdDxwyB8c

View media Reply Retweeted Favorite Buffer Instapaper   More
#Draghi #ECB press conf: ecb.europa.eu/press/tvservic… subdued mt outlook
for inflatn; slow paced recovery; 0.8% infltn Feb pic.twitter.com/m6WkBNfoCy
Caruana told Goethe audience, #Frankfurt: central banks shd explain thinking
behind their actions centralbanking.com/central-bankin… @CentralBanking1
II Magazine @iimag · Mar 5
Funds offer transparency, lower fees, upside growth and liquidity. Is this the
start of a $2 trillion product? bit.ly/1kXeM6K

Speech by Caruana: Global liquidity: where it stands, and why it matters -
bis.org/speeches/sp140…

Carolina Garay @CarovonMX · Mar 6
"Global liquidity: where it stands, & WHY IT MATTERS"
bis.org/speeches/sp140… … @macropru #aggregates
pic.twitter.com/cPANRRwXbR via @MacroPru


Banking Union EU @BankingUnion_eu · Mar 6
RT @MacroPru: Cunliffe: cooperation b/w @BankofEngland & @ecb on
#macroprudential post-SSM ln.is/buff.ly/aKIfY

Cunliffe: cooperation b/w @BankofEngland & @ecb on #macroprudential post-
SSM bit.ly/1c6XJML
Dudley @NYFed_News says Fed will work to address #bubbles both w/ mopo &
w/ #macroprudential blogs.wsj.com/economics/2014…
pic.twitter.com/5lHJWcLrtp
9 lessons #Asia will be looking to learn from this crisis
asia.nikkei.com/Viewpoints/Geo… #Ukraine #interdependence #globalisation
Ivan Werning @IvanWerning · Mar 2
Parecería que Sebastian Galiani mucha fea no le tiene a Precios Cuidados:
focoeconomico.org/2014/03/02/est…

RT @federalreserve Chair #Yellen takes the oath of office at her ceremonial
swearing-in pic.twitter.com/F6gbRs9xgg

Bank Indonesia @bank_indonesia · Mar 6
Dukung Stabilitas Makroekonomi dan Keuangan Regional, Bank Indonesia
Tandatangani Kerjasama BCSA dengan Bank of Korea bit.ly/1g2iicA

Ukraine bonds: Shlapak said faced ~ $10 billion pmts on foreign currency debt
2014 reut.rs/1gc1eNC @reuters #currencymismatch #FX
Christopher Whalen @rcwhalen · Mar 5
UAE central bank chief warns Basel III capital rules could curb SME growth | The
National m.thenational.ae/business/indus… via @TheNationalUAE

Caruana @BIS_org "Global liquidity: where it stands, & why it matters"
bis.org/speeches/sp140… @macropru #aggregates
pic.twitter.com/mVZhXY9RyY
Angel Melguizo @AngelMelguizo · Mar 6
Excelente panel @Uniandes sobre Mejores Pensiones, Mejores Trabajos.
Gracias Jimenez, @lalomoron, Perry, de la Cruz! pic.twitter.com/TerD70U57Q


FT Economics @fteconomics · Mar 6
Kimchi: just one of the losers in the Asian currency rollercoaster
on.ft.com/1q9mPOH pic.twitter.com/tNAGs7tOMr
Expand

    More
'OT' @walkslow4 · Mar 5
“@MacroPru: Caruana @BIS_org "Global liquidity: where it stands, and why it
matters" bis.org/speeches/sp140… pic.twitter.com/bt7rnLxCwN”
View photo

 
   More
ForexLive @ForexLive · Mar 5
BOE's Haldane says it's too early to know effects of macroprudential tools
bit.ly/MNsR7V

#Infographic: Chinese govt think tanks twitpic.com/dxcx2x . on.china.cn/1c6WrBl

Leading #SMS influencers in financial services jaypalter.ca/2014/03/financ…
according to LittleBird.
Caruana @BIS_org "Global liquidity: where it stands, and why it matters"
bis.org/speeches/sp140… pic.twitter.com/SnJQYDtkfa
FrankfurtMainFinance @FMFNewsEN · Mar 5
Center of Excellence SAFE: Call for Papers: SAFE Asset Pricing Workshop: 30
September 2014, Frankfurt bit.ly/1c9kK1r

#EU Europa: "recent #macroprudential measures are instrumental, but likely not
enough, to reduce macroeconomic risks" bit.ly/1g9VXGk
#China "pledged to strengthen #macroprudential management to encourage..
appropriate increase of.. #credit .." bit.ly/1c8Ktac
Haldane, @bankofengland #financialstability exec, seeks larger role for #IMF
on.wsj.com/1drqFgH incl "real-time.. global flow of funds.”
#China pledged to strengthen #macroprudential management
english.cri.cn/6909/2014/03/0… M2 yoy flat, to grow 13%
Wirtschaftsweise als Bundesbank-Vize nominiert handelsblatt.com/9540540.html
Schaeuble fav Claudia Buch 4 VP @handelsblatt pic.twitter.com/3lSinDFfgk

#EmergingMarkets "Same Ugly Arithmetic" zerohedge.com/news/2014-03-0… .
blog.mpettis.com/2014/03/will-e… ... global New Deal? pic.twitter.com/fiyFHC2ryI
Project Syndicate @ProSyn · Mar 1
"Today, 98% of the $750 trillion in global liquidity is in speculative markets."
Read Michel Rocard bit.ly/1ciY8GG

Keynote address by the Chairman of the Basel Committee: Restoring
confidence in banks - bis.org/speeches/sp140…

Did #China "Global People" Peoples' Daily cover story embolden Putin? From
#Beijing with love businessspectator.com.au/article/2014/3…
pic.twitter.com/jbYIO9MWEe

DavisPolkReg @DavisPolkReg · Mar 3
We are pleased to present the March 2014 #DoddFrank #ProgressReport
ow.ly/uaZ1x

Reply Retweeted Favorited Buffer Instapaper
Dinero Inteligente @Losfinancieros · Mar 4
Era de los QE!. The bull market's 5-year anniversary: on.wsj.com/1dYmCp8
pic.twitter.com/0HIEACg5Uq
Expand

    More
Handy guide to the Chinese government's think-tanks and policy wonks:
china.org.cn/china/third_pl…

Shahin Kamalodin @shahinkamalodin · Mar 4
Wondering what macroprudential policy is? Perhaps this flagship report helps...
esrb.europa.eu/pub/pdf/other/…

#ESRB Handbook Operationalising #Macroprudential in #Banking Sector
bit.ly/1n6AvYn . twitpic.com/dxb7pd via @macropru
Why Putin needs #Ukraine in one picture #euromaidan
pic.twitter.com/IluXzU9Pah #Russia (... & $1.5 bn debt upi.com/2854078)

#RTCh #decompression "invasion.. #Crimea.. raised risk premiums for EM risk,
geopolitical risk ... growth” #risk bloom.bg/Np2PZE
Mary Miller, acting deputy secretary, said she will emphasize the “need for an
effective swaps data reporting regime" bloom.bg/Nn2B52
$53 trn asset-management indu "highly concentrated" & "vulnerable to shocks"
..cd pose risks on.wsj.com/1cs60Js pic.twitter.com/waLQuuHMQ7
#FT's Authers: "Everyone can agree on the need for more data"
on.ft.com/MGu9kZ @RobinWigg #assetmanagers #USMPF
pic.twitter.com/VP9JZFdpVS

Julie Segal @julie_segal · Feb 1
Asset managers don't pose systemic risk in gen'l, but many are lending more.
Regs not looking at this on.wsj.com/1b6uvHL
Financial Times @FT · Feb 14
Gillian Tett: So-called 'alternative asset managers' now matter as much as the
banks on.ft.com/1mfQYMO

Robin Wigglesworth @RobinWigg · Mar 3
Should asset managers be regulated? Yes, says John Authers:
on.ft.com/MGu9kZ #FT

FSOC is in early “in the early stages of its analysis” of whether asset managers
are systemically important bloom.bg/Nn2B52
View summary Reply Delete Favorited Buffer Instapaper   More
On the systemic impact of asset managers and the proper response of
monetary policy; lots of comment on #USMPF paper: bit.ly/1kNVzl1

3 on #macropru from the #IMF (1) ow.ly/oUfMc (2) ow.ly/oUrRz (3)
ow.ly/oUCpp via @macropru
IMF @IMFNews · Sep 16
Making macroprudential policy work- Remarks by IMF José Viñals
at Brookings event ow.ly/oUfMc #macropru

The new IMF report analyses interactions between macroprudential measures
and other policies ow.ly/oUrRz #macropru

Countries can fend off risks to their financial system with the help of new policies
ow.ly/oUCpp #macropru

Patrick Chovanec @prchovanec · Mar 2
AAstock: CBRC-Beijing requiring all financial institutions to report their shadow
banking exposure in 2013 and potential exposure in 2014.

Constance L Hunter @ConstanceHunter · Feb 28
#FF 4 #Crimea & #Ukraine news:
@ianbremmer
@WSJ
@YanniKouts
@EuromaidanPR

http://research.chicagobooth.edu/igm/events/
conferences/2014-usmonetaryforum.aspx

@russian_market
brought 2u by #coups-r-us #geopoliticsmatters
Geneva Girl @SardonicaX · Mar 2
Debt repayments due by Ukraine, month-by-month through end-2015.
pic.twitter.com/oNh6ENa3ui

View photo Reply Retweeted Favorite Buffer Instapaper   More
SoberLook.com @SoberLook · Mar 3
From SF Fed: "Fed Tapering News and Emerging Markets" - frbsf.org/economic-
resea… Chat: pic.twitter.com/WZAcLKTQ2M
Expand

    More
China’s #ShadowBanking Challenge | The Diplomat
thediplomat.com/2014/01/chinas… the article asks "Has China walked into a
debt trap?"
Sean M Tuffy @SMTuffy · Mar 3
SEC's Gallagher concerned that banking regulators use "shadow banking" to
describe crucial capital markets activity sec.gov/News/Speech/De…

euromoney.com @euromoney · Mar 1
Banorte’s treasurer on the EM rout, banking stability and Basel III bit.ly/1hC9loM

Inter-bank lending is the key: #Beijing put ifre.com/beijing-put/21… and $CNY
$CNH ifre.com/china-fx-someo… + #renminbi economistinsights.com/financial-
serv…
#LISCC Large Institution Supervision Coordinating Committee, doesn’t publish
minutes or a report businessweek.com/news/2014-03-0… #macroprudential
대통령, 새 한은총재에 이주열 前한은 부총재 내정
yonhapnews.co.kr/economy/2014/0… .. yonhapnews.co.kr/economy/2014/0… #
이주열 #한국은행 #총재에 Lee Ju-yeol pic.twitter.com/urUR7pzURs

Agence Presse Yonhap @Yonhapfr · Mar 3
(LEAD) BOK : l’ancien gouverneur adjoint Lee Ju-yeol prend les rênes
bit.ly/1cmMT5t

Ex-#BOK Deputy Lee Ju Yeol nominated by @president_korea to Head Bank of
#Korea bloom.bg/1eTF4i1 한국은행 twitter.com/s1moncox/statu… 두 번째 선택
View summary Reply Delete Favorited Buffer Instapaper   More
CentralBankNews.info @centralbanknews · Mar 3
Central Bank News Link List - Mar 3, 2014 - Ex-BOK deputy Lee named to head
South Korea’s central bank dlvr.it/53P9Tc

Fund managers are risky on.ft.com/1mXxyJx say #OFR @USTreasury &
@johnauthers, holding cos cover for subs. pic.twitter.com/mybFeIJsUV
Big fund #managers can create #systemicrisk even if it's diff fr risks created by
banks on.ft.com/1mXxyJx @FT @johnauthers (@macropru)
John Authers @johnauthers · Mar 2
Big fund managers can create systemic risk - even if it's different from risks
created by banks. Latest column: on.ft.com/1mXxyJx @FT


Dina Medland @dinamedland · Mar 3
On fund managers + #regulation: Risk is greatest when there is no perception of
#risk: on.ft.com/MGu9kZ #FT
Holger Zschaepitz @Schuldensuehner · Mar 3
Citi: Foreign investors own ~70% of #Russia Equity free-float – thus Equities
should tend to move wildly (much more than Bonds or FX).

Cornell News @cornellnews · Mar 2
EMs hold currency reserves to counter capital volatility: Eswar Prasad ... -
Economic Times dlvr.it/53MH9x

FT wakes up: shares' high margin debt levels ft.com/cms/s/0/c050ea… and
twitter.com/TexasHedger/st… and twitter.com/DividendMaster… $SPX $VIX
$NYSE
Texas Hedger @TexasHedger · Feb 28
#America: Fear not, the water is safe! MT @hmeisler Thx everyone for the
Margin #Debt news. Updated chart: pic.twitter.com/rend8ZPSzU
Expand

    More
Forward guidance on forward guidance at #USMPF ow.ly/u884T

Christian Daude @cdaude · Mar 2
“@HrReisen: @HyunSongShin on LT asset managers not as benign as often
thought #GlobalLiquidity bit.ly/1jKksy9” @upanizza @elyblog

“Whenever the decision to tighten.., then the instability ..summer of 2013 is likely
to reappear,” bloom.bg/NkWbDx via @BloombergNews
Bank of England @bankofengland · Mar 1
Video of Mark Carney at Bundesbank Symposium ow.ly/3hGfO2 Panel 3:
Extending the reach of regulation beyond banks.

Expand

Reply Retweeted Favorite Buffer Instapaper   More
IFC @IFC_org · Mar 2
We’re issuing a 1 billion #Renminbi-denominated bond to increase foreign
investment in #China. Learn more: wrld.bg/u22vr cc @LSEplc

"you can barely see the 'plunge' when you look @ LT history of $CNY "
seekingalpha.com/article/206013… #China pic.twitter.com/ftHOsCX0vr
Jon Danielsson @JonDanielsson · Jan 30
The video recording of our Next Crisis event is here bit.ly/1fzsln3

한국은행 2013 @BIS_org Jaime Caruana: 글로벌 유동성을 평가, 금융의 글로벌
프레임 워크 Assessing Global Liquidity, EM policymkrs shd do more
youtu.be/Y7Yx8CyU0BM
eKuota @eKuota · Feb 27
#China 's nonfinancial corporate debt climbed to 120% of GDP by the end of
last year, according to a S&P #shadowbanking #default

HITC Business @HITCbusiness · Feb 28
Shadow banking system 'could produce next crash' #shadowbanking
#financialcrash hereisthecity.com/en-gb/2014/02/…

Jörn Menninger @JoeMenninger · Mar 1
Mapping the #ShadowBanking System Through a Global Flow of Funds Analysis
SSRN ow.ly/u2hmq

#renminbi Shibor and repo notably low @s1moncox / ? is CN banks comfortomg
message they won't be hung out to dry ? ft.com/intl/cms/s/0/3…
@MacroPru @BloombergNews Except that interbank rates (Shibor and repo)
are notably low at the moment.


$CNY $CNH “Shibor-repo similar to Libor-OIS. #Shadowbanking is subprime.
Credit spreads widening" bloom.bg/1hnkpau @BloombergNews
왜 우리나라 국채금리만 떨어질까? premium.chosun.com/site/data/html… 우리나
라 국채 선물에 투자하는 외국인은 최근 10영업일. @TheChosunilbo
Regulation Asia @RegulationAsia · Feb 24
S.Korea to Establish 20-Year Government Bond Futures by 2015, Monitor Yuan
Deposits shar.es/FY6qk via #Regulation @FSC_Korea #RMB

IFC @IFC_org · Feb 26
We're launching the largest #RMB bond by a multilateral via @LSEplc,
supporting foreign investment in #China: wrld.bg/u22vr

payoff @payoff_ch · Feb 28
Neu in Zeichnung: Tracker auf CNY Bond Basket goo.gl/bTM0yz $DIMSUM

Hong Kong @discoverhk · Feb 28
#FactFriday- #DimSum is a Cantonese style food & literally means ‘touch the
heart’ in Chinese. What's your fave? pic.twitter.com/4U0RkYKRzi
Expand

    More
Youth Diplomacy @youthdiplomacy · Mar 1
#Monetary and #Macroprudential #Policies to Manage #Capital Flows (#IMF) |
sco.lt/4mPa9h

Bank for Intl Settl. @BIS_org · Feb 28
CB speech: Weidmann (DE):All for one and one for all? The roles of
microprudential, macroprudential, and ... - bis.org/review/r140228…


Greg Ip @greg_ip · Feb 28
Agreement between Fed & the Street at #USMPF that monetary and
macroprudential policy are indistinguishable.
Dr. A. Monica Dorhoi @Monica_Dorhoi · Feb 27
My favorite in IMF is #Blanchard the Chief Economist. He often saves the
economists from their own research.

Expand Reply Retweet Retweeted Favorited Buffer    More
New River Invstments @NewRiverInvest · Feb 28
BC/AD line in margin debt/gdp is obviously mid 1990s, when ETFs were born.
pic.twitter.com/SUT22d3qjo
Expand

    More
EcPoFi @EcPoFi · Mar 1
#Charts: Has #QE Resulted in More #Lending.? And In More #Jobs? In
Increased #GDP? And What About #Stocks?: ecpofi.com/2014/03/has-qe…

. #IMF's Blanchard leads calls for more ‘democratic input’ in central bank
decision-making ln.is/centralbanking… … @CentralBanking1 ROO
ashikch @ashikch · Feb 27
Global Growth on the Rise, But with Wide Regional Variations; Olivier Blanchard
soundcloud.com/imf-podcasts/g…

View media Reply Retweeted Favorite Buffer Instapaper   More
Deutsche Bundesbank @bundesbank · Feb 28
Video of panel 1 at #BBK14: Viral Acharya, Olivier Blanchard, Richard Fisher,
Otmar Issing, Klaas Knot bundesbank.de/165714

#QUOTE "The relationship between academics and journalists should be a
happy symbiosis." -- @ezraklein bv.ms/NCN7cU @BloombergView
Federal Reserve @federalreserve · Feb 28
Governor Stein discusses a report on interactions between monetary policy and
financial stability: go.usa.gov/K3bC


Macroprudential policy underweights unleveraged investors' threat to stability.
Interesting #USMPF paper research.chicagobooth.edu/igm/usmpf/2014…

Michael McKee @mckonomy · Feb 28
#Fed's Plosser says 'exit tantrum' risk in Feroli paper is real: "It's a real
communications challenge for us." #USMPF

Intriguing Jeremy Stein point at #USMPF: if regs clamp down on leverage,
leverage-like phenomena (eg fund flows) appear elsewhere.

RT 빈센트 반 고흐 @bot_vanGogh 1889년 9월에 그린 <아를의 별이 빛나는 밤
>. 아를에 머무는 동안 빛의 힘을 발견했던 빈센트에게 이 작품은 그의 예술을 향
한 도전이었고 꿈의 실재화였다. twitpic.com/75i4l0
Minneapolis Fed @MinneapolisFed · Feb 28
(Audio) Listen to Kocherlakota’s discussion of 2014 #USMPF Monetary Policy
Report. (17 min) bit.ly/1kwXMRM @ChicagoBooth

Marius Ooms @econlinks · Feb 28
Feb 2014 #QSWR #Econometrics #ranking 1. #Harvard 2. #MIT 3. #LSE,
birthplace @oxmetrics #software #SirDavidHendry
topuniversities.com/university-ran…

LouisvilleCapital @LouisvilleWhale · Feb 26
Best to listen to the profs at Harvard, Princeton, Yale, MIT when it come to
economics... and not listen to the hedge fund swing traders.

CapitalCityIFR @CapitalCityIFR · Feb 28
China shakes out FX speculators
ifre.com/china-shakes-o…

MacroPru @MacroPru · Feb 28
#USMPF economists Feroli, Kashyap, Schoenholtzz, Shin say QE "can build
future hazards" nyti.ms/1dJqbiE @BCAppelbaum @NYTimes
Binyamin Appelbaum @BCAppelbaum · Feb 28
A recipe for making a crisis without leverage. nyti.ms/1dJqbiE

Fed's Stein: Rapid Growth of Fixed-Income Funds Bears Watching
ln.is/on.wsj.com/kCD… @pdacosta @WSJ #USMPF

Michael S. Derby @michaelsderby · Feb 28
One point from the Booth paper worth flagging: Fed may be in negative
feedback loop with market. Any tightening hints could set off storm.

Pedro da Costa @pdacosta · Feb 28
"I think I would do what the Fed seems to be doing. I don't know what the Fed is
doing. I hope they do." - Bob Rubin

TranslaNewsHkEn @TranslaNewsHkEn · Feb 28
The HKMA early look at stable sources of capital requirements for banks
translate.google.co.jp/translate?u=ht… :Auto pickup by wikyou

Capital Ideas @BoothCapIdeas · Feb 28
2014 #USMPF report “Market Tantrums and Monetary Policy” by Feroli,
Kashyap, Schoenholtz and @HyunSongShin ow.ly/u63hH

Amir Sufi @profsufi · Feb 28
Quick summary: #USMPF paper argues that fed should perhaps care about long
only investors bc they can have big effects on yields, esp in EMs

Gail MarksJarvis @gailmarksjarvis · Feb 28
Fed's Jeremy Stein notes risk comes without huge leverage as fund managers
chase high yield & then huge outflow risk #federalreserve #USMPF

from Manhattan, NY Reply Retweeted Favorite Buffer   More
Robin Harding @RobinBHarding · Feb 28
Interesting #USMPF paper says rate rises could cause financial instability.
Unfortunately, doesn't quantify anything. on.ft.com/1jFjX8n

Josh Zumbrun @JoshZumbrun · Feb 28
Everyone at #USMPF is trying to emphasize that their conclusions don't
necessarily imply today's policy is wrong. Message will be missed.

Capital Ideas @BoothCapIdeas · Feb 28
Are we prepared for the next financial crisis? Four big ideas for fixing global
financial system ow.ly/u6z1K #BoothBigQ #USMPF

Richmond Fed @RichmondFed · Feb 28
RT @federalreserve: Governor Stein discusses report on interactions between
monetary policy and financial stability: go.usa.gov/K3bC

Weidmann: The roles of microprudential, #macroprudential, & mon policy in
safeguarding #financialstability bis.org/review/r140228… @bis_org

Sayuri Shirai, @Bank_of_Japan_e: Monetary easing & comm policy – a review
based on several surveys bis.org/review/r140228… via @bis_org
RT @MinneapolisFed Kocherlakota: Discussion of 2014 USMPF Monetary
Policy Report. [slides] ln.is/bit.ly/XYaUa #USMPF @ChicagoBooth
Minneapolis Fed @MinneapolisFed · Feb 28
Kocherlakota: Discussion of 2014 USMPF Monetary Policy Report. [slides]
bit.ly/1eFORs3 #USMPF @ChicagoBooth

Will Fed rate rises cause a financial crisis? blogs.ft.com/money-supply/2…
#USMPF pic.twitter.com/rizoHYEckZ
Speech by Governor Stein on Market Tantrums and Monetary Policy At #USMPF
ln.is/federalreserve…
CMEGroup @CMEGroup · Feb 28
Emerging Market Turmoil Abating? Examining Causes & Mechanics of Market
Contagion ow.ly/u5EKL

#IMF's Blanchard leads calls for more ‘democratic input’ in central bank
decision-making ln.is/centralbanking… @CentralBanking1
Deniz Kahraman @DenizKahramn · Feb 28
Bu ayın son çalışması, "Yuan'ın değeri üzerine (28.02.2014)" keyifli okumalar.
sankoanaliz.com/tr-TR/makale/y… pic.twitter.com/EXgT8B0GIw


MacroDigest @Macro_Digest · Feb 28
What Happens if China Widens the Yuan's Trading Band? @anjani_trivedi
@WSJ macrodigest.com/#BX blogs.wsj.com/chinarealtime/…

#Financial Services continues least trusted industry, ~ 1/2 trust
edelman.com/insights/intel… @EurexGroup via @macropru
pic.twitter.com/4kXmF9l4Sg
CNBCWorld @CNBCWorld · Feb 28
Shadow banking system could produce another financial crash, Bundesbank
official warns cnb.cx/1bQPKTC

Malaysian Digest @malaysiandigest · Feb 28
Shadow Banking System 'Could Produce Next Crash' : Buba Official
goo.gl/fb/j8285

Tom Orlik @TomOrlik · Feb 28
China's interbank rates fall close to deposit rates. Could shake cash out of
money market funds back into deposits: pic.twitter.com/B25WEIGvaH


Reply Retweeted Favorited Buffer InstapaperExpand    More
Torsten Riecke @torstenriecke · Feb 27
#Financialstability #Weidmann vs. #Issing. Weidmann says Monetary Policy is a
blunt tool. Issing says this view is outdated. #BBK14

#LCR studies reinforce case for #Liquidity Coverage Ratio: "macro-economic
costs ... minimal" voxeu.org/article/liquid… pic.twitter.com/9jeM2nCzWh
Are foreign investors systematically likely to sell / buy certain assets in times of
stress? voxeu.org/article/no-con… pic.twitter.com/gmM1FvZX3i
Simon James Cox @s1moncox · Feb 27
Credit Suisse charts China's local-government debt as % of GDP (see also our
story last week) economist.com/news/china/215… pic.twitter.com/lGATRGvjUc


Fri, Feb 28 #IMF-#HKMA Jt #Conference: Future of #Asia's Finance
ln.is/www.imf.org/ex… Norman Chan, Frank Packer, HE Dong, Jose Vinals
MT @profsufi Kocherlakota, Jeremy Stein, Charles Evans, Plosser #USMPF Fri.
Be on lookout for discussions research.chicagobooth.edu/igm/events/con…
@macropru
Amir Sufi @profsufi · Feb 27
Kocherlakota, Jeremy Stein, Charles Evans, Charles Evans all at #USMPF
tomorrow. Be on lookout for study and discussions tmrw AM.

Counterparties @counterparties · Feb 26
By the time the Fed gets around to stopping bubbles, it'll be too late
bit.ly/MupmTv

II Magazine @iimag · Feb 27
Interview with Nobel laureate Robert Shiller: Investors need to avoid groupthink.
bit.ly/1hCJjli

Michael Peltz @mppeltz · Feb 27
Nobel laureate @RobertJShiller tells @iimag that markets have become prone to
more bubbles. ow.ly/u4ARL

@WSJ notes Chair #Yellen to @SenWarren: the @federalreserve will explore
#enforcement voting blogs.wsj.com/five-things/20…
pic.twitter.com/DDRG3dZ2Fg

Draghi @ECB #BBK14 ln.is/www.ecb.europa… "to meet the ultimate objective of
strengthening #financialstability, implementation is key"
ALB Menkul Değerler @alb_menkul · Feb 28
ECB/Draghi, "Euro Bölgesi kesinlikle resesyonda değil"
Avrupa Merkez Bankası Başkanı Marino Draghi, Euro... fb.me/6IGa5ne7j

Jeremie Cohen-Setton @JCSBruegel · Feb 27
"Speech Mario Draghi: The path to recovery and the ECB’s role"
feedly.com/e/qE47yO0l

Yannis Koutsomitis @YanniKouts · Feb 27
#ECB RT @LorcanRK This Draghi speech is good value
ecb.europa.eu/press/key/date… throws plenty of slaps..

SCMP 南華早報 @SCMP_News · Feb 28
Chinese banks call for regulators to cap the yields on online money market
funds | sc.mp/f8gki

Bank Negara Malaysia @BNM_official · Feb 28
Detailed Disclosure of International Reserves as at end-January 2014
In accordance with the IMF SDDS format, the... fb.me/2Jl5WRicQ

#Bundesbank Franklin Allen: MoPP #SysRisk & #FinancialStability
bundesbank.de/Redaktion/EN/D… video bundesbank.de/Redaktion/EN/S…
pic.twitter.com/UTRQRHKOFz

#BBK14 Markus Brunnermeier Monetary policy & #FinancialStability
pic.twitter.com/WN5bAUysPc
#Bindesbank Franklin Allen, MoPP, #SysRisk & #FinancialStability
pic.twitter.com/UTRQRHKOFz
Speech Weidmann Bundesbank Symposium #BBK14: "monetary policy is a
sledgehammer rather than a scalpel" bundesbank.de/167988 @bundesbank
Speech Weidmann Bundesbank Symposium #BBK14: "monetary policy is a
sledgehammer rather than a scalpel" bundesbank.de/167988

Sebastian Jost @sebastianjost · Feb 27
Klaas Knot (DNB): We cannot go in the business of directing credit into specific
sectors. So, no funding for lending from ECB? #bbk14


Sebastian Jost @sebastianjost · Feb 27
Wer soll Finanzblasen bekämpfen? Die unabhängige Zentralbank, sagt Klaas
Knot (DNB), gewählte Politiker, sagt Olivier Blanchard (IWF) #bbk14

Tobias Adrian explains policy options for dealing with risk posed by three types
of shadow banking. bit.ly/1cv4Uw7 @NYFedResearch
Douglas C. Borthwick @DCBorthwick · Nov 20
NY FED: Intermediary Leverage Cycles and Financial Stability: Tobias Adrian
and Nina Boyarchenko
The financ... bit.ly/1c1DM52

euromoney.com @euromoney · Feb 27
"Macro-prudential" central bankers are still thinking like micro-prudential
supervisors bit.ly/19OoTjC

Fleet Search @FleetSearch · Feb 24
OPINION OF THE EUROPEAN CENTRAL BANK of 18 February 2014 on the
macro-prudential oversight of the financial system On fleet-
search.com/company-news/s…

CentralBanking.com @CentralBanking1 · Feb 27
Weidmann says macro-prudential instruments should be a ‘political top priority’
dlvr.it/528CR3

FinanzLinksWORLD @FinanzLinksWelt · Feb 27
All for one and one for all? The roles of microprudential, macroprudential, and
monetary policy in... dlvr.it/522cKN BUNDESBANK

Todd Buell @ToddBuell · Feb 27
Weidmann is right. Crisis winner is the word 'macroprudential' #bbk14

Jason Douglas @wsj_douglasj · Feb 27
International macroprudential ding dong by @ChristophLawton
on.wsj.com/1hlsa1o via @WSJ

Duncan Weldon @DuncanWeldon · Feb 27
@paulmasonnews I worry if you say 'we're going to repress you', markets find
ways around it. Call it 'macroprudential regulation'...


Don Curren @dbcurren · Feb 27
2 different answers to 1 big question:are interest rate or macroprudential moves
best way to combat bubbles on.wsj.com/1o95EsY @WSJecon
World Bank Research @wb_research · Feb 27
Reserve requirements in the brave new macroprudential world: wrld.bg/u513V
#WBpaper

#EVENT Fri, Feb 28 #IMF-#HKMA Jt Conference: The Future of #Asia's Finance
ln.is/www.imf.org/ex… Norman Chan, Frank Packer, HE Dong
@HyunSongShin > @bundesbank Video session at #BBK14 Franklin Allen,
Borio, Markus Brunnermeier, Volker Wieland bundesbank.de/165706
Video of session at #BBK14: Franklin Allen, Claudio Borio, Markus
Brunnermeier, Volker Wieland bundesbank.de/165706

Thank you, we really appreciate the RTs! @RMB_Investor @AlphaMatt81
@MacroPru @bhend7917 @lexhoogduin @yulianunity @Bloomberg
@CognitoPR

Rt @schieritz Franklin Allen: we dont really understand real estate prices
#BBK14
Mark Schieritz @schieritz · Feb 27
Franklin Allen: we dont really understand real estate prices #BBK14

Mark Schieritz @schieritz · Feb 27
I will be moderating Bundesbank's Symposium on Fin Stability in Frankfurt with
Weidmann, Blanchard, Schaeuble, Carney tweets under #BBK14

Eva Taylor @ReutersECB · Feb 27
Bundesbank's Weidmann: "When it comes to handling financial stability risks,
monetary policy is a sledgehammer rather than a scalpel" #BBK14

Yes @ObsoleteDogma Weidmann: #macroprudential ..shd provide.. 1st line of
defence a/g fin'l instability mninews.marketnews.com/index.php/bbk-…

Matt O'Brien @ObsoleteDogma · Feb 27
Wait, wait, wait. Is the Bundesbank less hawkish than some Fed members when
it comes to popping bubbles w/hikes? blogs.wsj.com/economics/2014…
#Bundesbank Sympos~ #Frankfurt bundesbank.de/Redaktion/EN/T…
Weidmann: MonPol Has Limits in Pursuit of #FinancialStability
mninews.marketnews.com/index.php/bbk-…
Real Time Economics @WSJecon · Feb 27
German, U.S. Central Bankers Disagree on Tools to Pop Bubbles
on.wsj.com/1hlsugI

Patrick Chovanec @prchovanec · Feb 27
@s1moncox @Noahpinion ok, you've convinced me I finally have to sit & write
serious piece on what China's FX reserves are & aren't good for

Nonbank SIFIs: No solace for US asset managers pwc.com/us/en/financia…
#financial #regulation #OFR pic.twitter.com/V30G387hsq
ECB @ecb · Feb 26
Yves Mersch speech: China: Progressing towards financial market liberalisation
and currency internationalisation ecb.europa.eu/press/key/date…

euromoney.com @euromoney · Nov 25
"Macro-prudential" central bankers are still thinking like micro-prudential
supervisors bit.ly/19OoTjC

macroprudential kiep.go.kr @s1moncox goo.gl/iZAZbI Kristin says tradeoff
imf.org/external/np/re… pic.twitter.com/2U4v2V7x5N

Reply Delete Favorite Buffer InstapaperView photo     More
2010 - 2002 =8 @s1moncox ln.is/www.imf.org/ex… slide 9 is June 2010, bank
leverage and FX caps. Phased anncmt and execution process a +
Georgina Hurst @ghurst_iimag · Feb 27
Nobel laureate Robert Shiller talks asset bubbles — "a bubble is a social
epidemic" bit.ly/1cbZSXA via @iimag

IFLR @IFLR_online · Apr 2
Infographic showing new financial regulation structure
flickr.com/photos/hmtreas… What to expect from UK's new regulators
iflr.com/Article/317679…

View photo Reply Retweeted Favorite Buffer Instapaper   More
IFLR @IFLR_online · Feb 27
Highlights from IFLR's Bank Capital Forum iflr.com/Article/331376…
#IFLRbankcapital Thanks to sponsors @MoFoLLP @slaughterandmay
@SimmonsLLP

Eurex @EurexGroup · Feb 26
ESMA's Executive Director's key note speech "Liquidity and new financial market
regulation"
at #AFME conference ow.ly/tYKdb

New York Fed News @NYFed_News · Feb 26
INTERACTIVE: Experiment with changes in asset liquidity, leverage & debt
maturity to see effects on bank solvency bit.ly/1bLCUpJ

Lena Komileva @komileva · Feb 27
The gap b/n ECB cash and Eurozone "growth" liquidity is unsustainable, even if
no deflation risk now: liquidity trap pic.twitter.com/b9TWbCXtj3


Amir Sufi @profsufi · Dec 11
Nice article by @martinwolf_ on dangers of tapering for emerging markets. Cites
Hyun Shin of Princeton
ft.com/intl/cms/s/0/9…

Robin Harding @RobinBHarding · Dec 12
Beautifully clear paper on the world's next financial crisis (emerging market
corporates) by Princeton's Hyun Shin
princeton.edu/~hsshin/www/FR…

Toby Nangle @toby_n · Feb 21
@AmbroseEP @Pawelmorski @RobinWigg not IMF, but this from Shin out in
Nov. princeton.edu/~hsshin/www/FR…

felix salmon @felixsalmon · Feb 25
@EddyElfenbein @cullenroche the macroprudential mandate

Lorcan Roche Kelly @LorcanRK · Feb 27
If you care about shadow banking in Asia and are not following @HyunSongShin
you're doing it wrong

Yuan Yang @YuanfenYang · Feb 27
@rethinkecon MT @MacroPru: "@WSJ: glut of available data has economists
serving as gatekeepers pic.twitter.com/72sWApRlFv"


Ricardo FuentesNieva @rivefuentes · Feb 27
Great read: Political connections and economic benefits. voxeu.org/article/politi
…

"Economists Are Hot Again" on.wsj.com/1hieUdT @WSJ glut of available data
has economists serving as gatekeepers pic.twitter.com/VME7FYTNa4
China’s trade surplus rose 12.8% in 2013 bringing $ into the country but
surpluses don’t guarantee a rising currency. bit.ly/1h6cBKk

Alex Frangos @alexfrangos · Feb 26
Nice graphic of China's bewildering currency. @Lingling_Wei article here:
on.wsj.com/1pt7WXb pic.twitter.com/uMGvkiYZZA


@s1moncox We knew there wd be food jokes: ifrasia.com/setback-for-hi…
Setback for high-yield Dim Sum #bonds pic.twitter.com/aGoGUXZfOG
Simon James Cox @s1moncox · Feb 27
@Noahpinion @prchovanec Those bonds were sterilisation bonds, designed to
prevent RER increases, thus allowing China's surplus to persist.

Mohammad Fheili @MIFheili1960 · Feb 26
@ChicagoBooth @MacroPru @JohnHCochrane #ChicagoBooth As long as
we're talking cost-benefit analysis as it pertains to the ENTIRE society.

Mispriced if non-spec: "financing public debt thru private instit~s @ mkt prices"
..unconnected 2 ..real economy [prices]" @R_Scott_Martin
Scott Martin @R_Scott_Martin · Feb 27
@MacroPru @ProSyn But 95% of that comes from largely non-speculative
market making activity, no?

Central Clearing & Collateral Demand - Duffie @RiskMinds @Global_Derivs icbi-
derivatives.com/FKN2383twddbp #CCP darrellduffie.com/uploads/workin…
#derivatives

Macropru Twitlog Annual - March 2014

Macropru Twitlog Annual - March 2014

Recomendados

Recomendados

Más contenido relacionado

Más de Macropru Reader

Más de Macropru Reader (20)

Último

Último (20)

Macropru Twitlog Annual - March 2014