By Laurence Kotlikoff
I read with great interest your terrific speech about banking reform. I agree with essentially everything you said, but want to take issue with some aspects of your brief remarks about Limited Purpose Banking.
Around five years ago, concerns over global imbalances between emerging and developed countries were rising in discussions among policymakers and economists. More recently, the rhetoric has escalated, with dark rumblings about currency wars or trade wars, talk of capital controls, or threats of other forms of uncooperative behaviour splashed on the front pages. Despite these new flashpoints, we think much of the debate is missing the point.
By Shankar Acharya
What might 2011 hold for us? Given the intrinsic uncertainty about the future, the really honest answer would be: I don’t know. But that would be far too boring a response and, perhaps more to the point, would not fill a column. So, at the risk of looking foolish in a year’s time, here are some predictions for 2011.
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