Capital Markets

Op-Ed

The BoE Is Getting "Libored"

Authors: Benn Steil and Dinah Walker
Wall Street Journal Europe

Benn Steil's Wall Street Journal Europe op-ed, co-authored with Dinah Walker, argues that the Bank of England is getting "Libored"—that is, misled and manipulated—by the banks benefiting from its Funding for Lending Scheme. The Fed, which has shown interest in the scheme, should beware.

See more in United States, U.K., Economics, Capital Markets, Financial Crises, Geoeconomics, International Finance

Backgrounder Author: Steven J. Markovich

In the face of persistently high unemployment, policymakers and workers look to innovation and entrepreneurship to create new jobs. This Backgrounder discusses how entrepreneurs create and finance the startups that power U.S. job growth, and the ramifications of policies such as the JOBS Act.

See more in United States, Capital Markets, Economic Development, Labor, Technology Transfer

Op-Ed

Can Recession Be Averted? Financial Markets Fear the Worst

Author: Roger M. Kubarych
Nikkei

Three developments have altered the US economic and financial climate this year - a distinct tightening of credit terms, a sudden slide in confidence, and emerging signs that the US labor market is softening – and they have been powerful enough to compel an almost unprecedented policy response by both the Federal Reserve and the US Government. Roger Kubarych argues that the monetary policy easing and fiscal stimulus will work, albeit slowly, but the effects on financial markets are less clear.

See more in United States, Capital Markets, Financial Crises

Other Report

The American Stock Market as a Financial Risk

Authors: Robert Dugger, Robert McNally, and Richard Medley

This report suggests that developed nation policymakers will not likely have to deal with a US stock market decline that precipitates a global downturn. Most likely, guided by active, informed markets and sound government policies, the major economies will rebalance growth as needed and reprice assets gradually, making fears of an American stock market crash moot. There are, nevertheless, sound reasons for concern, which are considered in the report.

See more in United States, Capital Markets