Center for Financial Stability
Thought Leadership
Center for Financial Stability

The Center for Financial Stability is an independent, nonpartisan, and nonprofit think tank focused on financial markets for the benefit of investors, officials, and the public.  More

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Daily News & Views Blog

Friday, April 28, 2017

Highlights

The Wall Street Journal weekend edition published It May Make the World Go Round, but What’s Money? by Lawrence Goodman. The letter highlights how determinants of inflation can be better understood.

The Wall Street Journal published Trump’s Right on Hacking, Wrong on Yuan by Kevin Brock (CFS senior fellow / cybersecurity strategy) and Lawrence Goodman (CFS President).

CFS IN THE NEWS

The Future of Tax Reform - Leading architect Ike Brannon led a discussion on the future of tax reform.

The US in Times of Change - Lawrence Goodman and Alvino-Mario Fantini discussed current developments in the United States and European policy.

Global Shocks - Nicholas Sargen discussed Global Shocks: An Investment Guide for Turbulent Markets.

This Age of Global Market Wariness - Lawrence Goodman and Jack Malvey hosted a private workshop to explore issues that will shape the future of asset values and investment.

Dodd-Frank and Systemic Risk - Lawrence Goodman spoke at the Council on Foreign Relations corporate roundtable.

The Source of Financial Instability - Practical Implications for Investors and Officials - Lawrence Goodman spoke and participated at The Leir Retreat Conference on Financial Innovation and Stability.

The Dollar, Money and Policy - Lawrence Goodman, featured speaker, discussed Bretton Woods, the dollar, money and policy at the Cosmos Club.

Latin America into the 21st Century - Eduardo Aninat led a discussion on key political and economic challenges.

Crisis Detection and Prevention: Implications for Investors and Officials- Lawrence Goodman, featured speaker, identified actionable ideas to improve crises detection for investors and officials at The Boston Economic Club.

Latest Research

CFS Divisia M4, which is the broadest and most important measure of money, grew by 4.0% in March 2017 on a year-over-year basis versus 4.1% in February.  March Data Release

The interview covers Bill’s life as a rocket scientist, work at the Federal Reserve Board, pioneer of monetary aggregation and complex dynamics, founding journals and societies, work at CFS, and more. More

The question remains how to exit from an extraordinarily low interest rate environment while avoiding catastrophe in the bond market and building a safer monetary policy framework for the future. Here, Congress can help. More

Bradley J. Bondi evaluates the SEC’s delegation of authority from the Chairman and Commissioners to the Director of Enforcement to open formal orders of investigation of persons and entities. Brad highlights three concerns. More

Under the leadership of senior fellow Bradley J. Bondi, CFS organized a nonpartisan working group with a wide range of market participants, academics, lawyers, and public officials to focus on the structure and operations of the U.S. equities markets and offer guiding principles. More


 
 
Events
 
Bank of England Conference in Honor of William A. Barnett

We are delighted to announce a conference in honor of CFS Director William A. Barnett at the Bank of England on May 23 - 24, 2017.

This conference seeks and invites proposals to understand and assess the macroeconomic implications of liquidity, the liquidity creation process, and the impacts of liquidity on financial markets and economic activity.

View details to attend the conference or submit papers

 
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image
Bretton Woods 2014 Conference Image

Bretton Woods 2014 gathered prominent leaders from government, business, and academia in a working-group environment to focus on the future of finance and the international monetary system. Please see more about the conference to see other remarks, presentations, and photos from the conference.

Future Prospects for the World‘s Foreign Exchange Rate System: Political Design vs. Evolution, Otmar Issing
Read remarks |  Read slides

Nice-Squared - Near an Internationally Cooperative Equilibrium, John B. Taylor  Read remarks |  See video

A Few Thoughts on the Current International Monetary System, Liu Mingkang  Read paper

Bretton Woods Reconsidered:The Dollar Standard and the Role of China, Ronald McKinnon   Read paper | Read slides

Marriner Eccles: Father of the Modern Federal Reserve, Spencer F. Eccles  Read remarks

Critical Issues for the Bretton Woods Institutions, William R. Rhodes  Read remarks

The 1944 Keynes Plan: An Idea Whose Time Has Now Returned?, Charles Goodhart  Read remarks

Summary and Next Steps, Randal K. Quarles  Read remarks

Thoughts on World War II in July 1944, Carole Brookins  Read remarks

What Have We Learned from Recent Research on Bretton Woods? Eric Helleiner, Eric Rauchway, and Kurt Schuler  Read paper