Podcasts about monetary affairs

Forward Guidance is sponsored by VanEck. Learn more about the VanEck Morningstar Wide MOAT ETF (MOAT) at https://vaneck.com/MOATFG. William English's work at the Yale Program on Financial Stability: https://som.yale.edu/faculty-research/faculty-directory/william-b-english William English's co-authored new book, “Monetary Policy Responses to Post-Pandemic Inflation”: https://cepr.org/about/news/press-release-new-cepr-ebook-monetary-policy-responses-post-pandemic-inflation William English's co-authored Chapter on the Fed's Balance Sheet: https://www.elgaronline.com/edcollchap/book/9781800375321/book-part-9781800375321-7.xml William English's 2012 paper on the rationale and effects of QE: https://www.federalreserve.gov/econres/feds/the-federal-reserve39s-large-scale-asset-purchase-programs-rationale-and-effects.htm “Interest Rate Risk and Bank Equity Valuations”: https://www.federalreserve.gov/econres/feds/interest-rate-risks-and-bank-equity-valuations.htm Follow VanEck on Twitter https://twitter.com/vaneck_us Follow Jack Farley on Twitter https://twitter.com/JackFarley96 Follow Forward Guidance on Twitter https://twitter.com/ForwardGuidance Follow Blockworks on Twitter https://twitter.com/Blockworks_ __ Timestamps: (00:00) Introduction (01:31) Fiscal Policy & Monetary Policy Never Really Were Separated. But It Would Nice If They Were (03:49) Do High Interest Rates Dissuade Government Borrowing? (07:09) The Fed Doesn't Like To Discuss Fiscal Policy (09:53) The Fed's Balance Sheet Expansion of 2020 & 2021 (13:57) The Effects of Quantitative Easing (QE), In Theory And Practice (18:59) I Don't Remember Us (The Fed) Thinking A Lot About Negative Interest Rate Policy (NIRP) (23:41) VanEck Ad (24:22) The October 2008 Decision To Allow The Fed To Pay Interest On Reserves Assisted the Implementation of Quantitative Easing (QE), Which Began ~1 Month Later (29:15) The Striking Thing About The Asset Purchases Was The Size (32:32) Forward Guidance vs. QE: Which Is More Powerful, And Which Has More Knock-on Effects? (36:27) Forward Guidance Is More Powerful When Initial Market Expectations About Future Policy Rates Are Incorrect (44:37) Flexible Average Inflation Targeting (FAIT) Framework Adopted By The Fed In 2020 (52:48) Fast QE & Slow QT = Secular Rise In Size of Fed Balance Sheet (57:27) Fed's Decision To Slow Pace of QT Was Due To Desire To Avoid a "Snafu" In Money Markets Such As In September 2019 (01:02:36) The Bernanke Doctrine: Should Interest Rate Policy & Balance Sheet Policy Always Be Pointed In The Same Direction? (01:07:12) If Balance Sheet Policy Is Moving The Opposite Direction Of Interest Rate Policy, Does That Weaken The Signaling Impact Of Balance Sheet Policy? (01:11:50) Lowest Comfortable Level of Reserves (LCLoR) (01:19:34) Impact Of Interest Rate Movements On Bank Equity Valuations __ Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

Don't miss out on exclusive bonus content, as well as special offers and initiatives. Join the Shtark Tank Quiet Whatsapp Group today, ⁠⁠⁠⁠⁠⁠⁠click here⁠⁠⁠⁠⁠⁠⁠. Has Shtark Tank made even a small impact on your life? Email me at ⁠⁠⁠⁠yaakovwolff@gmail.com ⁠⁠⁠⁠with feedback, questions, comments. Rav Shlomo Fishman spent 14 years learning in Kollel. But then, he lost out on his dream job. Now he lives in Jerusalem and travels frequently serving as General Counsel and VP of Strategic Partnerships for iPostal1, a US based company. He can be reached at Lawyerrabbi@gmail.com Previously, Rav Shlomo was a senior associate attorney with Shibolet & Co. in Tel Aviv and specialized in the handling of private and public companies, accompanying start-ups company at their various stages, from founding, funding, and exit. Rav Shlomo is also ordained by the Chief Rabbinate of Israel and served as a Rabbinical Judge in the Rabbinical Court of Monetary Affairs of the "Ariel Institute", Jerusalem. In this framework and amongst others, Rav Shlomo delivers Torah lessons in Israel and around the world, introducing a unique and fascinating combination of the worlds of Jewish and civil law.

In this address to the IIEA, Nicolai von Ondarza, Head of the EU/Europe Research Division at the German Institute for International and Security Affairs (SWP), and Pervenche Berès, Board Member of Fondation Jean Jaurès, and former Member of the European Parliament for France (1994-2019), discusses the recently published Report of the Franco-German Working Group on EU Institutional Reform. The Report's recommendations centre on three goals: strengthening the rule of law and the EU's democratic legitimacy, increasing the EU's capacity to act, and getting the EU ready for enlargement. About the Speakers: Pervenche Berѐs is a Board Member of Fondation Jean Jaurès, President of Association Europe-Finances-Régulation, a Member of the Ethic and Audit Committees of the ECB, and a Member of the AMF (Autorité des marchés financiers) Committee on Climate and Sustainable Finance. She was previously a Member of the European Parliament from 1994 to 2019, chairing the Committee on Economic and Monetary Affairs, and the Employment and Social Affairs Committee. Ms Berѐs also acted as Rapporteur of the Temporary Committee on the Financial, Economic, and Social Crisis, Vice-President of the European Parliament delegation to the Convention in charge of the European Union Charter of Fundamental Rights and Member of the European Convention in charge of drafting a Constitution for Europe. Dr Nicolai von Ondarza is Head of the EU/Europe Research Division at the German Institute for International and Security Affairs (SWP), a position he has held since 2020. From 2016 to 2020, he served as Deputy Head of the EU/Europe Research Division, and has worked in various positions at the SWP since 2010. Since 2013, Dr von Ondarza has been Organiser of the British-German Outlook Group, a yearly exchange between the SWP, Chatham House, the German Federal Foreign Office and the UK Foreign Commonwealth and Development Office (FCDO). From 2012 to 2015, he was a Lecturer at Europa-Universität Viadrina.

Bill Nelson is the chief economist and an executive vice president at the Bank Policy Institute. Bill previously was a deputy director of the Division of Monetary Affairs at the Federal Reserve Board, where his responsibilities included monetary policy analysis, discount window policy analysis, and financial institution supervision. Bill also worked closely with the BIS working groups in the design of liquidity regulations. As a returning guest to Macro Musings, he rejoins David to talk about the recent proposals to improve the Fed's lender of last resort role via the discount window, as well as recent developments related to the Fed's balance sheet.   Transcript for this week's episode.   Bill's BPI profile BPI's Twitter: @bankpolicy   David Beckworth's Twitter: @DavidBeckworth Follow us on Twitter: @Macro_Musings   Join the Macro Musings mailing list! Check out our Macro Musings merch!   Related Links:   *Comment on the New G30 Report* by Bill Nelson   *Bank Failures and Contagion: Lenders of Last Resort, Liquidity, and Risk Management* by the Group of Thirty

Hello, and welcome to episode 54 of the Financial Crime Weekly Podcast, I'm your host, Chris Kirkbride. It's been another bumper week for financial crime this week, so my hopes that there would be an ease down in work were short-lived. Lots of news on everything, except for sanctions, with a round-up of cyber-attack news at the end. These are the links to the principal documents mentioned in the podcast: Cooley, Treasury Department Releases Report on Money Laundering Risks, Decentralized Finance.Council of the European Union, Russia's war of aggression against Ukraine: Wagner Group and RIA FAN added to the EU's sanctions list.European Parliament (Committee on Economic and Monetary Affairs, Civil Liberties, Justice and Home Affairs), REPORT on the proposal for a regulation of the European Parliament and of the Council establishing the Authority for Anti-Money Laundering and Countering the Financing of Terrorism and amending Regulations (EU) No 1093/2010, (EU) 1094/2010, (EU) 1095/2010.Financial Stability Board, Recommendations to Achieve Greater Convergence in Cyber Incident Reporting: Final Report.International Monetary Fund, IMF Executive Board Concludes Review of the Implementation of the Framework for Enhanced Engagement on Governance (press release).International Monetary Fund, Review of Implementation of The 2018 Framework for Enhanced Fund Engagement on Governance.International Monetary Fund, Review of 1997 Guidance Note on Governance - A Proposed Framework for Enhanced Fund Engagement.International Monetary Fund, Good Governance: The IMF's Role.Solicitors' Regulation Authority, Goad & Butcher.UK Department for Work and Pensions, Guidance: Changes in the fraud and error in the benefit system: financial year 2022 to 2023 estimates.UK Financial Conduct Authority, TSB fined £48.65m for operational resilience failings (press notice).UK Financial Conduct Authority, TSB Bank plc (Final Notice).UK Foreign, Commonwealth & Development Office, UK sanctions Abramovich and Usmanov's financial fixers in crackdown on oligarch enablers.UK Government, Policy paper Factsheet: failure to prevent fraud offence.UK Home Office, New crackdown on fraud introduced by the Home Office (press release).UK National Crime Agency, Former Cambridge don who defrauded Government energy grants repays more that £1m.UK Office of Financial Sanctions Implementation, Financial Sanctions Notice: Russia (12/04/2023).UK Office of Financial Sanctions Implementation, Financial Sanctions Notice: Russia (13/04/2023).UK Office of Financial Sanctions Implementation, Financial sanctions targets: list of all asset freeze targets (updated).UK Prudential Regulation Authority, PRA fines the former Chief Information Officer of TSB Bank plc for a breach of the PRA's Senior Manager Conduct Rules (press release).UK Prudential Regulation Authority, Carlos Abarca (Final Notice).UK Prudential Regulation Authority, TSB fined £48.65m for operational resilience failings (press release).UK Prudential Regulation Authority, TSB Bank plc (Final Notice).Ukraine Ministry of Defence, The composition of the Public Anticorruption Committee under the Ministry of Defense has been approved.US Department of Justice, Former Executives of Outcome Health Convicted in $1B Corporate Fraud Scheme.US Department of Justice, Restaurateur Sentenced To 57 Months In Prison For Over $6 Million Pandemic Loan Fraud And Interstate Threats.US Department of Justice, All defendants plead guilty in drug trafficking, COVID fraud operation tied to Savannah strip clubs.US Department of Justice, Former Investment Banker and Registered Broker Arrested for Operating Cryptocurrency Investment Fraud Scheme.US Department of Justice, Former Puerto Rico Mayor Pleads Guilty to Bribery Scheme.US Department of Justice, Man Sentenced for Bribery Schemes Involving Millions of Dollars in U.S.-Funded Military Contracts and Visa Fraud.US Department of Justice, Sophisticated Sinaloa Cartel Money Laundering Organization Dismantled.US Department of Justice, U.S. Attorney Announces Charges Against Leadership Of The Sinaloa Cartel And 25 Other Defendants In Massive Fentanyl Importation And Trafficking Conspiracies.US Department of Justice, Justice Department Announces Total Distribution of Over $6B to Victims of State Sponsored Terrorism.US Department of Justice, Readout of U.S. Attorney General Merrick B. Garland's Meeting with Singapore Attorney General Lucien Wong.US Department of the Treasury, Treasury Releases 2023 DeFi Illicit Finance Risk Assessment (press release).US Department of the Treasury, Illicit Finance Risk Assessment of Decentralized Finance (report).US Department of the Treasury Office of Foreign Assets Control, Treasury Targets Russian Financial Facilitators and Sanctions Evaders Around the World.

Bill Nelson is a chief economist and executive vice president of the Bank Policy Institute and was previously a deputy director of the Division of Monetary Affairs at the Federal Reserve Board, where his responsibilities included monetary policy analysis, discount window policy analysis, and financial institution supervision. He also worked closely with the BIS working groups on the design of liquidity regulations and is a previous guest of the podcast. Bill rejoins Macro Musings to talk about the Fed's balance sheet, and in particular, the impact that the Fed's response to the recent banking turmoil has had on its size, as well as the role being played by the Overnight Reverse Repo Facility. David and Bill also discuss the changes in collateral treatment brought about by the banking crisis, the invocation of 13(3) for the Bank Term Funding Program, the recent volume of discount window lending, and a lot more.   Transcript for the episode can be found here.   Bill's BPI profile BPI's Twitter: @bankpolicy   David Beckworth's Twitter: @DavidBeckworth Follow us on Twitter: @Macro_Musings   Click here for the latest Macro Musings episodes sent straight to your inbox! Check out our new Macro Musings merch here!   Related Links:   *Why is the Federal Reserve Abetting a Drain of Deposits from Banks?* by Bill Nelson and Greg Baer   *I Don't Know Why She Swallowed a Fly* by Bill Nelson   *The Federal Reserve's Balance Sheet: Costs to Taxpayers of Quantitative Easing* by Bill Nelson and Andy Levin

Bill Nelson is the chief economist and executive vice president at the Bank Policy Institute. He previously worked as a deputy director of the Division of Monetary Affairs at the Federal Reserve Board, where his responsibilities included monetary policy analysis, discount window policy analysis, and financial institution supervision. Bill has also worked closely with the BIS working groups on the design of liquidity regulations and is a returning guest of the podcast. He rejoins David on Macro Musings to talk about his new note that is titled, *Bank Examiner Preferences are Obstructing Monetary Policy*. David and Bill also discuss how the Fed's forward guidance is affecting recent market turmoil, how to change the mindset of bank examiners and the public, why the Fed should look into establishing a committed liquidity facility, and more.   Transcript for the episode can be found here.   Bill's BPI profile BPI's Twitter: @bankpolicy   David's Twitter: @DavidBeckworth Follow us on Twitter: @Macro_Musings Click here for the latest Macro Musings episodes sent straight to your inbox   Related Links:   *Bank Examiner Preferences are Obstructing Monetary Policy* by Bill Nelson   *Quantifying the Costs and Benefits of Quantitative Easing* by Andrew Levin, Brian Lu, and Bill Nelson   FRED Graph: *Liabilities and Capital: Liabilities: Earnings Remittances Due to the U.S. Treasury: Wednesday Level*   *The Global Financial Cycle* by Silvia Miranda-Agrippino and Helene Rey

Bill Nelson is the Chief Economist and an Executive Vice President at the Bank Policy Institute. Bill previously was a deputy director at the Division of Monetary Affairs at the Federal Reserve Board where his responsibilities included monetary policy analysis, discount window policy analysis, and financial institution supervision. He also worked closely with the BIS on the design of liquidity regulation. Bill joins David on Macro Musings to discuss the Fed's balance sheet, its reduction plans and how the Fed fell behind the curve. Specifically, David and Bill get into whether the Fed regretted its premature tightening period from 2015 to 2018, how the Fed's focus on the baseline outlook left it not resilient to alternative developments, how concerns over another taper tantrum impacted the Fed's decision-making, the Fed's handling of its FAIT framework, and much more. Take the Macro Musings listener survey here.   Transcript for the episode can be found here: https://www.mercatus.org/bridge/tags/macro-musings   Bill's Bank Policy Institute profile: https://bpi.com/people/bill-nelson/ Bill's American Banker archive: https://www.americanbanker.com/author/william-nelson-ab3618   Related Links: “Plane Crashes and Falling Behind the Curve” by Bill Nelson https://www.linkedin.com/pulse/plane-crashes-falling-behind-curve-bill-nelson/?trk=articles_directory “Guest post: A former Fed insider explains the internal debate over QE3” by Bill Nelson https://www.ft.com/content/254befb7-10f8-3f2c-a9a8-bc6226a6f1db “Interpreting the Significance of the Lagged Interest Rate in Estimated Monetary Policy Rules” by William B. English, William R. Nelson, and Brian P. Sack https://papers.ssrn.com/sol3/papers.cfm?abstract_id=314425   David's Twitter: @DavidBeckworth David's blog: http://macromarketmusings.blogspot.com/

Bill Nelson is a chief economist and an executive vice president at the Bank Policy Institute. Bill was previously a deputy director of the Division of Monetary Affairs at the Federal Reserve Board, where his responsibilities included monetary policy analysis, discount window policy analysis, and the analysis and financial institution supervision. He also worked closely with the BIS working groups on the design of liquidity regulations. Bill is also a previous guest of the podcast, are rejoins Macro Musings to talk about the outlook for US monetary policy, the future of the Fed's balance sheet, and its implications for the Fed's operating system and bank regulations. David and Bill also discuss the Fed's response to current macroeconomic events, the stigma surround the standing repo facility, and how to think about exogenous risks to the US banking system.    Check out Conversations with Tyler: https://conversationswithtyler.com, and subscribe to Conversations with Tyler on your favorite podcast app.   Transcript for the episode can be found here: https://www.mercatus.org/bridge/tags/macro-musings   Bill's Bank Policy Institute profile: https://bpi.com/people/bill-nelson/ Bill's American Banker archive: https://www.americanbanker.com/author/william-nelson-ab3618   Related Links:   *The Fed is Stuck on the Floor: Here's How It Can Get Up* by Bill Nelson https://bpi.com/the-fed-is-stuck-on-the-floor-heres-how-it-can-get-up/   *More Taxis Sitting Idle* by Bill Nelson https://bpi.com/more-taxis-sitting-idle/   *Systematic Monetary Policy and the Effects of Oil Price Shocks* by Ben Bernanke, Mark Gertler, and Mark Watson https://www.brookings.edu/wp-content/uploads/1997/01/1997a_bpea_bernanke_gertler_watson_sims_friedman.pdf   David's Twitter: @DavidBeckworth David's blog: http://macromarketmusings.blogspot.com/

Happy New Year and welcome back to The Sound of Economics! In this first episode of 2022, Guntram Wolff is joined by Irene Tinagli MEP, Chair of the Committee on Economic and Monetary Affairs of the European Parliament to discuss what dominated European economic policy making in 2021 and what to expect from the coming year, in terms of both economic outlook and key challenges.

Fabio is a Deputy Director of the Monetary and Capital Markets Department at the IMF. He is responsible for the Global Financial Stability Report that gives the IMF's assessment of global financial stability risks. Prior to joining the IMF, Fabio was a Senior Associate Director in the Division of Monetary Affairs at the Federal Reserve Board. Between October 2016 and June 2017, Fabio was Deputy Assistant Secretary for International Financial Stability and Regulation at the U.S. Department of Treasury. In this podcast we discuss: How COVID shocks transmit to markets and the economy Why haven't bankruptcies picked up? The likely impact of Omicron How to know if inflation will be transitory How leveraged are markets? What are the risks to China? How stable are stablecoins? The investment challenge for climate policy Books that influenced Fabio: Barbarians at the Gate (Burrough, Helyar), The Divine Comedy (Dante)

Bill Nelson is a chief economist and an executive vice president at the Bank Policy Institute. Bill previously was a deputy director of the Division of Monetary Affairs at the Federal Reserve Board where his responsibilities included monetary policy analysis, discount window policy analysis, and financial institution supervision. Bill also worked closely with the BIS working groups and the design of liquidity regulations. Bill rejoins David on Macro Musings to discuss his article titled, “I Don't Know Why She Swallowed a Fly,” which looks back at the significant growth of the Federal Reserve, both in its reach and in its size, since the Great Recession of 2007-09. Additionally, Bill and David discuss steps the Fed could take to return to a reasonably sized institution, conducting policy with a light imprint on financial markets.   Transcript for the episode can be found here: https://www.mercatus.org/bridge/tags/macro-musings   Bill's SIFMA profile: https://www.sifma.org/people/bill-nelson/ Bill's BPI archive: https://bpi.com/tag/bill-nelson/ Bill's American Banker archive: https://www.americanbanker.com/author/william-nelson-ab3618   Related Links:   *I Don't Know Why She Swallowed a Fly* by Bill Nelson https://morningconsult.com/opinions/i-dont-know-why-she-swallowed-a-fly/   *Why Do We Need Both Liquidity Regulations and a Lender of Last Resort? A Perspective from Federal Reserve Lending during the 2007-09 U.S. Financial Crisis* by Bill Nelson, Mark Carlson, and Burcu Duygan-Bump https://www.federalreserve.gov/econresdata/feds/2015/files/2015011pap.pdf   David's blog: macromarketmusings.blogspot.com David's Twitter: @DavidBeckworth

In Episode 155 of Hidden Forces, Demetri Kofinas speaks with Bill Nelson, Chief Economist & Executive Vice President at the Bank Policy Institute, who spent most of his career working at the Federal Reserve, with a brief stint at the Bank For International Settlements. Before joining BPI, Dr. Nelson served as a deputy director of the Division of Monetary Affairs at the Federal Reserve Board and actually helped design and manage several of the Fed’s emergency liquidity facilities during the 2008 crisis. Dr. Nelson’s expert understanding of the plumbing of our monetary system and how monetary policy is effectuated at the ground level is important because, despite all the ways in which the Fed has sought to increase transparency and further communication with the public over the years, the mechanics of monetary policy remain baffling to most people. Even those of us who think we understand how it works are often only scratching the surface. Consequently, one of the items we discuss in this episode is how monetary policy has changed operationally since the 2008 crisis -- how a combination of regulations introduced by Basel III and Dodd-Frank, as well as emergency actions taken by the Fed during the financial crisis explain some of what we are seeing in markets today. We also discuss inflation and inflation expectations, as well as credible threats to the Fed’s independence given how far it’s gone in expanding its balance sheet and in purchasing corporate bonds and corporate bond ETFs. In addition, we look at what it would take for the Fed to bring out “the Bazooka” as Bill Nelson refers to it, and what that Bazooka would look like. Would it include equities, and if so, how would Fed officials justify those purchases? Lastly, what type of language should we be focused on? What types of signs should we be looking for that might give us a hint that we are about to enter a new phase of policy action? You can access the episode overtime, as well as the transcript and rundown to this week’s episode through the Hidden Forces Patreon Page. All subscribers gain access to our overtime feed, which can be easily added to your favorite podcast application. If you enjoyed listening to today’s episode of Hidden Forces you can help support the show by doing the following: Subscribe on Apple Podcasts | Spotify | Stitcher | SoundCloud | YouTube | CastBox | RSS Feed Write us a review on Apple Podcasts Subscribe to our mailing list through the Hidden Forces Website Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Subscribe & Support the Podcast at http://patreon.com/hiddenforces Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod Episode Recorded on 09/16/2020

Bill Nelson is a Chief Economist and Executive Vice President at the Bank Policy Institute, and formerly a Deputy Director of the Division of Monetary Affairs at the Federal Reserve Board, where his responsibilities included monetary policy analysis, discount window analysis, and financial institution supervision. Bill also worked closely with the Bank for International Settlements on liquidity regulations. Bill is a previous guest of Macro Musings, and he returns to the podcast to discuss the Fed’s increasing role in credit policy, the prospects for yield curve control and negative interest rates, and why makeup policy would be uniquely suited to the challenges presently facing the economy.   Transcript for the episode can be found here: https://www.mercatus.org/bridge/tags/macro-musings   Bill’s SIFMA profile: https://www.sifma.org/people/bill-nelson/ Bill’s BPI archive: https://bpi.com/tag/bill-nelson/ Bill’s American Banker archive: https://www.americanbanker.com/author/william-nelson-ab3618   Related Links:   *Live Live Jay Powell, the New Monarch of the Bond Market* by Robin Wigglesworth https://www.ft.com/content/5db9d0f1-3742-49f0-a6cd-16c471875b5e   *Federal Reserve’s “Strategies for Targeting Interest Rates Out the Yield Curve”* prepared by David Bowman, Christopher Erceg, and Mike Leahy, with contributions from William English, Edward Nelson, David Reifschneider, Nathan Sheets, and David Wilcox of Board staff and Brian Sack, Spence Hilton, Allan Malz, Frank Keane, Matt Raskin, Julie Remache, Josh Frost, Nate Wuerffel, Angela O’Connor and Richard Dzina of FRBNY staff https://www.federalreserve.gov/monetarypolicy/files/FOMC20101013memo08.pdf   David’s blog: macromarketmusings.blogspot.com David’s Twitter: @DavidBeckworth

Bill Nelson is a chief economist at the Bank Policy Institute and was previously a deputy director of the Division of Monetary Affairs at the Federal Reserve Board, where his responsibilities included monetary policy analysis, discount window policy analysis, and financial institution supervision. Bill has written widely on the Fed’s operating system, and he joins the show today to talk about it, as well as the recent turmoil in money markets. David and Bill also discuss the possibility of the Fed moving back to a corridor system, the stigma surrounding banks using the discount window, and the story of recent supply and demand dislocation in repo markets.   Transcript for the episode: https://www.mercatus.org/bridge/podcasts/10072019/bill-nelson-repo-market-stress-feds-operating-system-and-prospects-standing   Related Links:   Link to supply and demand curves mentioned in the episode: http://macromarketmusings.blogspot.com/2019/09/the-repo-man-cometh.html   *Two Little-Noticed and Self-Inflicted Causes of the Fed’s Current Monetary Policy Implementation Predicament* by Bill Nelson https://bpi.com/two-little-noticed-and-self-inflicted-causes-of-the-feds-current-monetary-policy-implementation-predicament/   *Fed at a Crossroads* by Bill Nelson https://bpi.com/fed-at-a-crossroad/   *Bank Regulations and Turmoil in Repo Markets* by Francisco Covas & Bill Nelson https://bpi.com/bank-regulations-and-turmoil-in-repo-markets/   *What Just Happened in Money Markets, and Why it Matters* by Bill Nelson https://bpi.com/what-just-happened-in-money-markets-and-why-it-matters/   *Impending Money Market Volatility Prompts Warning Light for LCR Tune-Up* by Bill Nelson & Brett Waxman https://bpi.com/impending-money-market-volatility-prompts-warning-light-for-lcr-tune-up/   *Design Challenges for a Standing Repo Facility* by Bill Nelson https://bpi.com/design-challenges-for-a-standing-repo-facility/   *A Former Fed Insider Explains the Internal Debate over QE3* by Bill Nelson https://ftalphaville.ft.com/2018/02/16/2198845/guest-post-a-former-fed-insider-explains-the-internal-debate-over-qe3/   *Get Up Off The Floor* By Bill Nelson https://www.hoover.org/sites/default/files/research/docs/cochranepalermotaylor_currencies_ch9.pdf   *FOMC Go Home* by Bill Nelson https://bpi.com/fomc-go-home/   *Understanding the Fed’s Implementation Framework Debate* by Bill Nelson https://bpi.com/wp-content/uploads/2018/11/Understanding_the_Fed’s_implementation_framework_debate_Review05.pdf   David’s blog: macromarketmusings.blogspot.com David’s Twitter: @DavidBeckworth

It takes two to tango. This week we look at what’s happening on the EU side of negotiations with an inside track from Dr Kay Swinburne, who’s just completed a 10 year stint as an MEP and Vice Chair of the European Parliament’s Committee for Economic and Monetary Affairs to join KPMG as our Vice Chair of Financial Services. Kay gives her view of what reception the new British Prime Minister will get in Brussels and she maps out a very different future for the European project – and the impact that will have on Britain – once the UK is sitting on the outside looking in. We also speak to Richard Bernau, from our financial services practice, on how British banks are preparing and likely credit conditions in the event of a hard Brexit. Featuring: James Stewart – Head of Brexit & Vice Chair, KPMG in the UK Dr Kay Swinburne – Vice Chair of Financial Services, KPMG in the UK Richard Bernau - Director, Financial Services, KPMG in the UK  Stuart Burt - Analyst, External Affairs, KPMG in the UK Need help getting ready for Brexit? Visit https://kpmg.com/uk/brexit

Joe Gagnon is a senior fellow at the Peterson Institute for International Economics where he has been since September 2009. Previously, Joe worked for the Federal Reserve Board of Governors as a senior economist and the associate director of both the Division of International Finance and the Division of Monetary Affairs, and he has also served at the US Treasury Department.  Joe is a returning guest to Macro Musings and joins the show today to talk about the growing interest among U.S. politicians in managing the currency to help facilitate trade imbalances. David and Joe also discuss the policy implications of trade imbalances, the new Libra currency, and how to us countervailing currency intervention to combat currency manipulation.   Transcript for the episode: https://www.mercatus.org/bridge/podcasts/07152019/currency-manipulation-trade-imbalances-and-libra   Joe’s Twitter: @GagnonMacro Joe’s PIIE profile: https://www.piie.com/experts/senior-research-staff/joseph-e-gagnon?author_id=653   Related Links:   *Currency Conflict and Trade Policy: A New Strategy for the United States* by Joe Gagnon and Fred Bergsten https://www.piie.com/bookstore/currency-conflict-and-trade-policy-new-strategy-united-states   *The Financial Market Effects of the Federal Reserve’s Large-Scale Asset Purchases* by Joe Gagnon, Matthew Raskin, Julie Remache, and Brian Sack https://www.ijcb.org/journal/ijcb11q1a1.htm   *A Plan for Economic Patriotism* proposal by Elizabeth Warren https://medium.com/@teamwarren/a-plan-for-economic-patriotism-13b879f4cfc7   *Exchange Arrangements Entering the 21st Century: Which Anchor Will Hold?* by Ethan Ilzetzki, Carmen Reinhart, and Kenneth Rogoff* https://www.nber.org/papers/w23134   *Did France Cause the Great Depression* by Douglas Irwin https://www.nber.org/papers/w16350   David’s blog: macromarketmusings.blogspot.com David’s Twitter: @DavidBeckworth

Six years beyond the world financial crisis, the European Union may be recovering from its struggles with fiscal policy. However, judging from recent cases such as Greece, Portugal and Spain, the political divide between northern and southern Europe persists, creating potential road blocks for the continent's expected turn around.Olli Rehn, European Commissioner for Economic and Monetary Affairs and the Euro, will discuss the difficulties the EU has faced over the past few years and how it can forge a path to a strong recovery.Speaker Olli Rehn is the Vice President of the European Commission.For more information about this event, visit: http://www.worldaffairs.org/events/2013/european-recovery-and-revival.html

Sean Berrigan Director for Financial Stability and Monetary Affairs in DG ECFIN at the European Commission gives a seminar on the Euro crisis. Chaired by Max Watson of St Antony's College, Oxford.

Sean Berrigan Director for Financial Stability and Monetary Affairs in DG ECFIN at the European Commission gives a seminar on the Euro crisis. Chaired by Max Watson of St Antony's College, Oxford.

Katya Adler speaks to Sharon Bowles, Chair of the European Parliament's Economic and Monetary Affairs Committee.The Eurozone crisis has been a test not only for Europe's politicians but also its institutions. The European Union's response to the economic turbulence in its midst has been criticised as too slow and ineffective. Sharon Bowles is at the heart of the EU's decision-making process and has a big say in how new economic legislation is drafted - but will it work?(Image: Sharon Bowles. Credit: John Thys / AFP / Getty Images)

Sarah Montague is in Brussels to talk to the man with the unenviable job of finding a way out of Europe's financial crisis. He is Olli Rehn, Europe's Commissioner for Economic and Monetary Affairs. It's nearly two years since the Greek crisis first blew up; and in that time seven heads of Eurozone governments have been replaced; there have been at least 15 European summits; and any number of plans; and yet, Greece is still on the verge of defaulting and the German Chancellor Angela Merkel has warned this coming year will "undoubtedly" be harder than the last. What has been achieved and are we any closer to resolving the crisis?(Image: European Union Economic and Monetary Affairs Commissioner Olli Rehn. Credit: Reuters)