This link has been bookmarked by 25 people . It was first bookmarked on 19 Sep 2008, by paul allitor.
-
26 Sep 08
-
24 Sep 08
-
22 Sep 08
-
21 Sep 08
-
20 Sep 08
-
Matt Kramer*
* Home Page
* My Times
* Today's Paper
* Video
* Most Popular
* Times Topics
* Opinion
* All NYT
New York Times
Friday, September 19, 2008
Opinion
* World
* U.S.
* N.Y. / Region
* Business
* Technology
* Science
* Health
* Sports
* Opinion
* Arts
* Style
* Travel
* Jobs
* Real Estate
* Autos
* Editorials
* Columnists
* Contributors
* Letters
* N.Y. / Region Opinions
* The Public Editor
Back to front page »
Steven D. Levitt September 18, 2008, 10:04 am
Diamond and Kashyap on the Recent Financial Upheavals
By Steven D. Levitt
As an economist, I am supposed to have something intelligent to say about the current financial crisis. To be honest, however, I haven’t got the foggiest idea what this all means. So I did what I always do when something related to banking arises: I knocked on the doors of my colleagues Doug Diamond and Anil Kashyap, and asked them for the answers. What they told me was so interesting and insightful that I begged them to write their explanations down for a broader audience. They were kind enough to take the time to do so. In what follows, they discuss what has happened in the financial sector in the last few days, why it happened, and what it means for everyday people.
The F.A.Q.’s of Lehman and A.I.G.
By Douglas W. Diamond and Anil K. Kashyap
A Guest Post
For most of the last 20 years we have been studying banks, monetary policy, and financial crises. So for us the events of the last year have been especially fascinating.
The last 10 days have been the most remarkable period of government intervention into the financial system since the Great Depression. In talking with reporters and our noneconomist friends, we have been besieged with questions about several aspects of these events. Here are a few of the most frequently asked questions with our best answers.
1) What has happened that is so remarkable?
This episode started when the Treasury nationalized Fannie -
19 Sep 08
Would you like to comment?
Join Diigo for a free account, or sign in if you are already a member.