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Olduvai III: Catacylsm
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The (ominous) problem with global liquidity

The (ominous) problem with global liquidity Market liquidity is crucial for well-functioning capital markets. There has been a quite lot of talk about diminished market liquidity and the role of machines in it (see, e.g. Q-review 4/2017, this and this). These are worrying developments. However, while market liquidity is crucial for markets, global financial flows, […]

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Confirmation: China As Brazil

Confirmation: China As Brazil There is always some chicken and egg to any financial irregularity; as in does a crisis cause a panic or is it the panic that causes the crisis? Though the evidence of the past eight years is decidedly on the side of the irregularity, central banks continue to press as if […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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