« Coming soon to a theater near you: capitalism 3.0 | Main | What do Philippe Aghion and Dean Baker have in common? »

February 23, 2009

Comments

Daniel

Fernando Alvarez and Francesco Lippi have a paper on "Financial Innovation and the Transaction Demand for Cash" (2007). They refer exactly to this very important innovation.

http://chicago.academia.edu/FernandoAlvarez/Papers/22047/Paper

Jeremy

It's a good question. The tricky thing is sorting out the bad ideas from the good ideas that have been subsequently exploited. Like credit cards - good idea in theory, actually pretty bad in practice.

Slightly Optimistic

They sometimes agree. Paul Volcker's group of thirty includes Larry Summers and Paul Geithner, and it has published a paper for April's G20 in London.

Financial innovation is always going to take place. However the paper frequently mentions the need for more "transparency".

Whether the G20 will agree to this request is another matter. National politics has a crucial role in restricting disclosure. In fact the paper goes further: "this [financial] crisis has been rooted in developments within the United States".

Thorstein Veblen

I'd feel much better with Larry Summers having less say in this administration's financial policies...

http://firelarrysummersnow.blogspot.com/

James

Wasn't there a story recently that Volcker felt he was being shut out within the adminstration by Summers?

etherspirt

I get annoyed when people say ATM machine. Read: Automated Teller Machine machine. But Paul Volcker is still cool.

Marco Parigi

FX and interest rate hedging within reach not only for large companies, but also for SMEs willing to go down the international route are a very positive innovation, in my view. Securitizations, at certain conditions, can be good in order to enhance liquidity and diversify risk. CAT bonds were an innovation and, I think, a pretty good one. Generally, in my view those innovations that offer useful operational tools to the real economy are positive, those innovations that are merely designed to get some extra bps (synthetic CDOs: what's the point?) are basically useless and potentially dangerous.

penis enlargement

The best recommended products for fast penis enlargement methods to get better results with no side effect visit: http://www.pennisenlargementproducts.com

cheap jordan shoes

An excellent post. You have explained all about cancer in detail. There is nothing left to explain now. Thanks.

pool cues

I think ATM is a really important innovation. Can't imagine how inconvenient life it is without it.

Vintage Ring

I agree with Paul Volcker. For regular people, who don't have a millions dollars in banks accounts much more important to know that they always may got their cash for their needs. And those peoples is majority!

rado watches

Why is everyone just montblanc watches willing to accept power cuts? Don't you think that patek philippe watches having continious power is your right? If people aren't going to demand rado watches 24X7 power, don't expect anything zenith watches to change. The government needs to look at other sources parmigiani watches of power generation. The only solution is more power panerai watches production. Nothing less.
http://www.watchvisa.com/montblanc-watches.html
http://www.watchvisa.com/patek_philippe-watches.html
http://www.watchvisa.com/rado-watches.html
http://www.watchvisa.com/tudor-watches.html

chi hair straightener

Applying for my first job, I realized I had to be creative in listing my few qualifications. Asked about additional schooling and training, I answered truthfully that I had spent three years in computer programming classes. I got the job. I had neglected to mention that I took the same course for three years before I passed

Romantic Gift

ATM is helping us a lot.

Supra Skytop High

An excellent post. You have explained all about cancer in detail. There is nothing left to explain now. Thanks.

dunk shoes

The good news, thank you!
Not everyone can provide the appropriate flow of information, thanks.

sousoushoes

http://www.sousoushoes.com I agree with this post. Hope this will have a positive change.http://www.tootoospace.com

rolex watches


People usually say :"Seeing is believing." http://www.tt88times.com
Each attempt has a corresponding gain, in part or obvious, or vague. At least we have the kind of satisfaction After I bought this watch ,in a sense,it means a great deal to me. http://www.fashionhairfu.com

ghd straighteners

GHD straighteners was kmown as ghd flat iron, which was authorized online seller provides all kinds of hair straighteners,pink ghd,purple ghd,babyliss. By visiting ghd australia , you will find what you want and made yourself more beautiful.If you miss it ,you miss beauty.Buy a piece of ghd for yourself.Come and join us http://www.ghdoutlet-au.com/ to win the ghd iv styler.

cheap jordan shoes

They should take up b

birkenstock

Birkenstock was Made in Germany since 1774 . Check out our Birkenstock sandals and Birkenstock shoes including the Birkenstock gizeh,at the lowest regular outlet prices, free shipping and when you put on Birkenstocks. you will feel very comfortable.

MBT Shoes

Thank you for introducing me the useful information.And .....Totally boring. can you tell me where is the red and gold colors...? I predict a very low seller....I look forward your answer.thank you

Nike Air Jordan

"Aren't safety improvements by and large extremely cheap"

p90x workout

Kenpo http://www.p90xmall.com X was created to give P90X users a high-intensity cardiovascular workout packed with lots of punching and http://www.p90xmall.com kicking combinations to improve balance, endurance, flexibility, and coordination. During this workout you'll learn some of the most effective ways to defend yourself, while at the same time getting your body in peak condition.
http://www.p90xmall.com

cheap coach handbags

feel much better with Larry Summers having less say in this administration's financial policies...

chi hair straightener

great item better with Larry Summers having less say in this administration's financial policies...

p90x

sadgfsas, brought any great benefits to society. For most people, he said, the advent of the ATM

wholesale clothing online

better with Larry Summers having less say in this administration's financial policies..

ghdstraighteners-au

ghd australia is used in salons and by hair beauty experts because it uses infra red heat that has been perfected by ghd to lock in hair moisture and give fabulous shine as you move the styler down your hair,why not you also get one.

www.ghdstraighteners-au.com

discount mbt shoes

MBT shoes disposal hip answer cold:
MBT shoes to wear only the rows of cold, rotation step foot in front of moving to do is build a launch interval, the hip flexor is stretched a little shop. Temper and stretch muscles to change arbitrarily effective joint stability, joint extension push to close section of reducing the pressure of reducing pain and sadness. Answer a few hip near buttock muscles because there is no balance due.
http://www.mbtshoes1998.com

timberland 6 inch

There were timberland 6 inch sensitivity and a beauty to her that have nothing to do with timberland 6 inch boots looks. She was one to be listened to, whose words were so easy to take to timberland boots sale heart.I used to find notes left in the collection basket, beautiful timberland boots outlet notes about my homilies and about the writer's black timberland boots thoughts on the daily scriptural readings. The person who penned the notes mens timberland boots would add reflections to my thoughts and would always include some timberland pro boots quotes from poets and mystics he or she had white timberland boots read and remembered and loved. The notes fascinated black timberland shoes uk me. Here was someone immersed in a search for truth and beauty. Words had been cheap timberland boots treasured, words that were beautiful. And I felt as if the words timberland waterproof boots somehow delighted in being discovered, for they were obviously very generous to the as yet anonymous timberland work boots writer of the notes. And now this person was in turn learning the secret of sharing them. Beauty so shines when given away. The only truth that exists timberland hiking boots is, in that sense, free. http://www.timberland6inch.com/

lachou

I like these articles , democratic countries formulate policies are both team and the interests of the people of power, but the undemocratic countries rarely for the interests of the people, http://www.jerseysky.com it is the sorrow of many democracy, I like the western and northern state policy.
http://www.cheapsaleing.com
http://www.nikeairmaxshoe.ocm

seanjjs

I like these articles , democratic countries formulate policies are both team and the interests of the people of power, but the undemocratic countries rarely for the interests of the people, replica rado watches

lachou

I like these articles , democratic countries formulate policies are both team and the interests of the people of power, but the undemocratic countries rarely for the interests of the people, http://www.jerseysky.com it is the sorrow of many democracy, I like the western and northern state policy.
http://www.cheapsaleing.com
http://www.nikeairmaxshoe.ocm

lachou

I like these articles , democratic countries formulate policies are both team and the interests of the people of power, but the undemocratic countries rarely for the interests of the people, http://www.jerseysky.com it is the sorrow of many democracy, I like the western and northern state policy.
http://www.cheapsaleing.com
http://www.nikeairmaxshoe.ocm

authentic jordans

Extremely great post, really beneficial stuff. Never thought I’d find the facts I would like in this article. I’ve been looking all over the net for some time now and was starting to get irritated. Thankfully, I stumbled onto your website and received exactly what I was looking for.

authentic jordans

Extremely great post, really beneficial stuff. Never thought I’d find the facts I would like in this article. I’ve been looking all over the net for some time now and was starting to get irritated. Thankfully, I stumbled onto your website and received exactly what I was looking for.

ouyang

Shoes can make a woman believe she is the most ravishing woman in the world,is no doubt that have done even better.
http://www.nfljerseyspub.com
http://www.buy2shoes.com

Wage Garnishment

Great post. I’m thinking that’s the best one….

ugg boots

a story

ugg outlet

i agree with you!your sayiing is right!

viagra online

I fully support luring, seducing, bamboozling, and distracting with humor, heart, sexiness, and general good storytelling in order to sneak in your politics. Because if it's not fun, who cares, other than the people who already cared and won't be changed by your play either way?

Nike Shox Rivalry

Every man's work, whether it be literature of music of pictures or architecture of anything else, is always a portrait of himself.Do you think so?

wholesale replica handbags


I can't believe how much of this I just wasn't aware of. Thank you for bringing more information to this topic for me. I'm truly grateful and really impressed.

wholesale new era caps

My friend told me that this blog is competitive.wholesale new era caps i will read more. Once again great post. You seem to have a good understanding of these themes.When I entering your blog,I felt this . handbags wholesale Come on and keep writting your blog will be more attractive. To Your Success!

Thanks for sharing your article.cheap LV handbags I really enjoyed it. I put a link to my site to here so other people can read it.chanel handbags online Came across your blog when I was searching bing I have found the bit of info that
I found to be quite useful.

giubbotti moncler

Questi prodotti hanno superato la prova del tempo e sono il simbolo giubbotti moncler
piumini moncler
di prestigio, prestazioni e affidabilità. Nel corso degli anni orologi Bell & Ross sono stati sottoposti a vari R4i SDHC
nintendo r4
progressi tecnologici che hanno

giubbotti moncler

Anche se gli orologi imitazione costare molto meno di quanto le collezioni originali, in apparenza, sembrano identiche. Nessuno, ma si sa la differenza.
Sono affidabili

cheap uggs

The document resources are the precious wealth with special value.

mbt shoes sale

The 90s was the decade when the Taliban were in power in Afghanistan and it had a spill-over effect on the bordering areas of Pakistan, along the Durand line in NWFP and Balochistan. And that probably seeped into Punjab and Sindh gradually.

Account Deleted

raf

Thanks.

Account Deleted

It is the Best Utility i've ever came across.

free ipad

Account Deleted

I recently Got robbed whilst taking money out of the ATM machine. They should have a tight security

Marshall Amplifiers

Account Deleted

ATM Has created many Jobs. From system operators to technicians so in my view it is a good service

Account Deleted

I am Local Search at the moment for ATM machine's in my area

Account Deleted

I can't believe how much of this I just wasn't aware of. Thank you for bringing more information to this topic for me. I'm truly grateful and really impressed.grants for single mothers

Account Deleted

I recently Got robbed whilst taking money out of the ATM machine. They should have a tight security
Mesothelioma Life Expectancy

andria

I'd feel much better with Larry Summers having less say in this administration's financial policies...
Perfect Your Resume

Account Deleted

The document resources are the precious wealth with special value.

Edinburgh Photographer

www.google.com/accounts/o8/id?id=AItOawn2Es8TtfTyO_nIgNQAjoYgKeSWpUK4QJU

I came across a an atm machine that was handing out money! Yes, really. Security isn't a problem for me!

toilets for sale

Account Deleted

I like these articles , democratic countries formulate policies are both team and the interests of the people of power, but the undemocratic countries rarely for the interests of the people, replica rado watches

induction lighting

Account Deleted

I recently Got robbed whilst taking money out of the ATM machine. They should have a tight security
Automated Forex

Account Deleted

sadgfsas, brought any great benefits to society. For most people, he said, the advent of the ATM
how to get rid of bed bugs

Account Deleted

I'd feel much better with Larry Summers having less say in this administration's financial policies...Dealer websites

Account Deleted

We call it Cash Machines over here in London acne">http://www.treatyourskinkindly.com/acne-scar-treatment/">acne scar treatment

Account Deleted

We call it Cash Machines over here in London
acne scar treatment

Account Deleted

Technologies are good, if it works. But i had a bad experience in one of the HSBC bank ATM in India, I got 500 Rs less. :( and the stuff there was clueless.

Jit
Grants for Single Mothers

Account Deleted

ATM are the best bank had ever come up with..Its really great to know how they made it. It makes our life easier.

federal pell grant

Bproc107

For all intents and purposes, Paul Volcker's comments are his and his alone, and should not be construed to reflect those of the current administration.

This is common sense, regardless of your personal opinions about the current Presidency.
Scholarships For High School Seniors

Account Deleted

I do like the idea of cash machines but quite often i have seen people getting robbed or have their cards stucked inside the machine
Fettforbrenning

Account Deleted

Why is ATM the topic of discussion when we have moved so much ahead window tinting

Account Deleted

I agreed, this is one of the finest innovation thats bein' created. Improve Your Memory

Account Deleted

http://www.ghdstyle-au.com/ghds.html
http://www.chihairflatirons.us
http://www.ghdsoutlet.com
http://www.googleghdhair.com

Account Deleted

Raf
raf

I like it ... Thanks !!

Account Deleted

Hi! Now a days Without ATM we can't imagine.Reading about ATM in your blog is interesting.Than..Q.

Forex brokers review

Account Deleted

Raf
raf

Thanks to you !!!

Account Deleted

Thx for sharing this

keylogger for Mac
Internet filter for Mac

Vikrantsays

I was indeed surprised that you picked this as the best answer. But when i thought about it more ATM's really did changed the world in a very big way.

30 second smile|30 second smile review

jackson

Thanks for sharing this story, it was inspiring. Grants for College

Account Deleted

Many places and centers offer business and trade promotions to both buyers and supplier.What about the differences in skill intensities across industries? The job losses in the relatively unskilled-labor intensive battery industry should have little effect on the relatively skilled-labor intensive machinery
sexshop
sexyshop
sexshop online
alongador peniano

Amam587

As I don't have several encounter within this sphere, it was slightly bit tough for me to start function with it http://www.blurty.com/users/jonasrussell718

Account Deleted

Great analogy between the ATM and the financial mess. Thanks.

acanthosis nigricans

Gainmoremuscle

I'm not so sure that the invention of the ATM hasn't caused more people to be more broke. Let's face it, it's good for banks not for people.

Todd from Vince Delmonte Review

GraseSky

I concur with your closings because they make sense. Thanks and good luck to you.
http://www.improvescreditscore.com

Account Deleted

Great post. It is appreciated by all. I think it's the best ....

http://blackfridaylowestprices.com/
http://blackfridaycanonelph300.com
http://www.blackfridaycanonsx130.com/
http://www.blackfridaycanons95.net/
http://www.canons95blackfridays.com/

Account Deleted

If you need more traffic to your website check out the website in my name. It really helped me and i think it can help your website.


organic seo service

Tinnitustreat

How do you make a weblog internet site appear this sick! Email me if you can and share your wisdom. Id appreciate it. Cured Chronic Tinnitus

Johnson Bircho

I have worked for local bank I know how expensive are these ATM's don't know how long does it take to get this invested money back redsn0w

Account Deleted

powerpoint recovery files

yours blog is perfect, and I like this article

Account Deleted


Awesome, Very interesting issue that after a very successful. Nicely written article good work ! Thanks for the great piece of sharing. Enjoy to read your write . Thanks a lot
Creating History Together With ArenaBetting Piala Eropa 2012 http://seotoolinfo.com/2012/06/creating-history-creating-history-together-with-arenabetting-piala-eropa-2012/
Agenliga Sebagai Agen Bola Online Untuk Euro 2012 http://seotoolinfo.com/2012/06/agenliga-agenliga-com-sebagai-agen-bola-online-untuk-euro-2012/

Verify your Comment

Previewing your Comment

This is only a preview. Your comment has not yet been posted.

Working...
Your comment could not be posted. Error type:
Your comment has been posted. Post another comment

The letters and numbers you entered did not match the image. Please try again.

As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.

Having trouble reading this image? View an alternate.

Working...

Post a comment

Your Information

(Name is required. Email address will not be displayed with the comment.)