By Beat Balzli and Michaela Schiessl
William White predicted the approaching financial crisis years before 2007’s subprime meltdown. But central bankers preferred to listen to his great rival Alan Greenspan instead, with devastating consequences for the global economy.
Date: 7 August 2009 Link: Spiegel Online International
Globalisation and Monetary Policy Institute, Working Paper no 34 Federal Reserve Bank of Dallas 2009
It has been contended by many in the central banking community that monetary policy would not be effective in “leaning” against the upswing of a credit cycle (the boom) but that lower interest rates would be effective in “cleaning” up (the bust) afterwards.
0809_Leanorclean Dallas_0Jahrelang hat William White die Politik des billigen Geldes kritisiert – ohne gehört zu werden. In der Krise wollen nun viele Regierungen seinen Rat.
Publication: YWirtschaft Date: 26 July 2009 250709_NZZ_white_1[1].pdf
William White, do Banco Internacional de Pagamentos, alertou desde cedo para a crise que rebentaria. Os banqueiros centrais fizeram orelhas moucas
Publication: Expresso Date: 25 July 2009 250709_Expresso-1917-ECONOMIA-008.pdf
Interview: William White With Claire Jones
This article was originally published in Central Banking 1 June 2009
Claire Jones speaks to William White about the lessons from history in getting out of the current crisis and the need for thinking more long term about the consequences of policymaking.
By D W Diamond and R Rajan
Comments by W R White
The title of this paper is very ambitious, implying a desire to assess the most basic questions that now concern us all. How did we get into this mess, and what can we do to get back out of it?
Comments by W R White 14th European Forum, Berlin 14-15 November 2008
Prepared for a Monetary and Banking Seminar at the Central bank of Argentina “Financial Turmoil: Its Effects on Developed and Emerging Economies” Buenos Aires, September 1 2008
Event or Meeting: Monetary and Banking Seminar at the Central bank of Argentina Date: 1 September 2008 File: 010908_CBA_Argentina.pdf
Presentation at the 39th Konstanz Seminar on Monetary Theory and Policy
2008 05_White presentation at 39th Konstanz Seminar_Konstanz 7 May 2008 [Mode de compatibilit??].pdf
Event or Meeting: Presentation at Dexia_Istanbul Date: 13 March 2008 File: 2008 03_White presentation at Dexia_Istanbul 13 March 2008[1] [Mode de compatibilit??].pdf