This session covers Reading 2: The vision of Hyman P. Minsky by Perry Mehrling Minsky put the problem of liquidity front and center. This reading is very much tied to the content of Lecture 4, which emphasizes the survival constraint: At any given point in time, every economic agent must ensure it has sufficient cash …
This is the second of two sessions to discuss "Fighting Financial Crises: Learning from the Past" by Gary Gorton and Ellis Tallman. We will cover chapters 7-12 this last session. From the back cover:"If you’ve got money in the bank, chances are you’ve never seriously worried about not being able to withdraw it. But there …
May 11th Nikolas Schiozer: "Price formation, income inequality and macroeconomic performance as coevolutionary phenomena in an agent-based model" May 19th Apurva Ashish Tudekar "IMPACT OF CURRENT ACCOUNT IMBALANCE ON UNEMPLOYMENT" June 8th Lilian Nogueira Rolim "The impact of international trade shocks on economic growth and income distribution in an agent-based macroeconomic model" July 6th Simon …
For the past decades the USD dollar has been the dominant currency and the centerpiece of financial globalization. Recent events have put the future of the globalized economy into question. Of particular interest is the rise of China, the conflict in Ukraine and the subsequent sanctions, and the rise of cryptocurrency. From a geopolitical perspective …
The challenge to the USD: The future of finance in a multipolar world Read More »
Join us to celebrate YSI at 10 in Ibadan, Nigeria. Both old and new members of YSI are welcome to join. Address: The Venue is the Law Hub, Olujinmi and Akeredolu.The address is No9 Iyaganku Round About, Ring Road, Ibadan. Note that the address does not show correctly on the below map.
This session covers Lecture 5: The Central Bank as a Clearinghouse The lecture describes the interconnectedness of bank balance sheets that allow the payment system to operate smoothly. The central bank helps knit the payment system together to make it approximate the behavior of one big bank. We cover correspondent banking and central bank cooperation. …
Discussion — Lecture 5: The Central Bank as a Clearinghouse Read More »
To mark 10 Years of YSI, 25 local young scholars from Kenya in collaboration with the School of Business and Economics (SBE), the School of Computing and Mathematics (SCM) and the School of Cooperatives and Community Development (SCCD) at The Co-operative University of Kenya will hold a local celebration on Wednesday May 18, 2022 from …
Tancredi Buscemi, PhD Candidate from University of Perugia will present his paper Real wages in the Kingdom of Sicily (1540-1830). ABSTRACT:Focusing on the Kingdom of Sicily, this study reassesses the debate on the Italian economic downturn and the Italian regional development. Tracking the early evidence on the Island in the first fifty years of the …
With generous financial support from the Young Scholars Initiative, the Economic and Business History Society (EBHS) will hold a doctoral workshop on Wednesday 18 May at the Eccles School of Business, University of Utah for up to 8 doctoral students from North America. The workshop will include: Paper development presentations by doctoral students with feedback …
YSI @ Economic and Business History Society Doctoral Workshop Read More »
May 11th Nikolas Schiozer: "Price formation, income inequality and macroeconomic performance as coevolutionary phenomena in an agent-based model" May 19th Apurva Ashish Tudekar "IMPACT OF CURRENT ACCOUNT IMBALANCE ON UNEMPLOYMENT" June 8th Lilian Nogueira Rolim "The impact of international trade shocks on economic growth and income distribution in an agent-based macroeconomic model" July 6th Simon …
The full title of the lecture is Government and grains: re-examining the historical relationship between nation states and economic security This session of the webinar series will feature Prof. Shailaja Fennell. She is Professor of Regional Transformation and Economic Security, Department of Land Economy, University of Cambridge. Abstract The provision of grain by national governments …
This session covers Lecture 6: Federal Funds, Final Settlement This lecture describes a stylized version of the US payment system, and how the Fed Funds market (interbank lending) allocated reserves among the banks before 2008 to allow them to meet their settlement constraints. It works just like Lecture 5 when the clearinghouse members borrowed from …
Discussion — Lecture 6: Federal Funds, Final Settlement Read More »