System Malfunction

Published in Finance and Development -IMF Publication

The global economy is rife with imbalances that cannot be fixed under the present international monetary (non)system

White PDF4 1-23-15.pdf

White PDF4 1-23-15
Posted by williamw in Articles

Market failures warrant policy responses

Article published in the Bulletin – OMFIF

Asia’s experience is ripe for study

The Tides of Capital is a must read for policy-makers. It is short, and they have little time. But more importantly, it punches above its weight in identifying the sources of problems faced by governments and central banks and the terrible trade-offs they are commonly confronted with.

The Bulletin – Bill White.pdf

 

Posted by williamw in Articles

Central bank prophet fears QE warfare pushing world financial system out of control

Former BIS chief economist warns that QE in Europe is doomed to failure and may draw the region into deeper difficulties

The economic prophet who foresaw the Lehman crisis with uncanny accuracy is even more worried about the world’s financial system going into 2015.

Beggar-thy-neighbour devaluations are spreading to every region. All the major central banks are stoking asset bubbles deliberately to put off the day of reckoning. This time emerging markets have been drawn into the quagmire as well, corrupted by the leakage from quantitative easing (QE) in the West.

Interview Daily Telegraph_220114.pdf

Interview Daily Telegraph_220114

 

Posted by williamw in Interviews

«Diese Strategie endet in Tränen»

Interview Bill White – Weltwoche Nr 4-15

Seit Jahren überschwemmen die Notenbanken die Finanzmärkte mit Geld. Der Ökonom William White sah die letzte Finanzkrise kommen und denkt bereits über die nächste nach. Er erklärt auch, warum die Nationalbank die Euro-Franken-Kursuntergrenze aufgab. Von Florian Schwab und Basile Bornand (Bild)

Publication:  Weltwoche Date:  16 January 2015 04_INT_bill_white_txt.pdf

Posted by williamw in Interviews

«Die SNB hatte keine Chance»

Bill White Interview Finanz und Wirtschaft – 16 January 2015

http:// http://www.fuw.ch/article/die-snb-hatte-keine-chance/

William White, der ehemalige Chefökonom der Bank für Internationalen Zahlungsausgleich, erklärt, warum die SNB zum Befreiungsschlag ausgeholt hat.Die Schweizerische Nationalbank (SNB (SNBN 1000 0%)) hat am Donnerstag für einen Paukenschlag gesorgt. Ihr Entscheid, den Mindestkurs aufzugeben, hat an den Finanzmärkten eine Panikwelle ausgelöst. «Sie hat das Beste aus ihren Möglichkeiten gemacht», sagt allerdings William White im Interview mit «Finanz und Wirtschaft»

Publication:  Finanz Und Wirtschaft Date:  16 January 2015 Interview_Finanz Wirtschaft_160116.pdf

Posted by williamw in Interviews

Commentary: Monetary Politics

Special Report Outlook 2015: Political & Geopolitical RiskMonetary politics

2014 DECEMBER INVESTMENT & PENSIONS EUROPE
Central bank independence is both a recent and a far from universal orthodoxy, notes William White. But the financial crisis has left the world with less of it and the likely further erosion could have significant long-term consequences

064-65-IPE-dEC-2014.pdf

064-65-IPE-dEC-2014
Posted by williamw in Articles