Week Ending 17 October 2009

SUBPRIME MORTGAGES: MYTHS AND REALITY
Kent Cherny, Yuliya Demyanyk, 17 October 2009

The global crisis is said to have originated in the US subprime mortgage market. This column argues that many of the most popular explanations that have emerged for the subprime crisis are, to a large extent, myths.

Read article: http://www.VoxEU.org/index.php?q=node/4102
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Week Ending 31st May 2009

WILL INTERNATIONAL ACCOUNTING STANDARDS PASS THE TEST OF THE CRISIS?
Nicolas Véron, 30 May 2009

Some blame poor accounting standards for the crisis, and many now place accounting reform atop the global agenda. But the International Accounting Standards Board suffers significant institutional weaknesses, this column argues. While the International Financial Reporting Standards are not doomed to failure, there is significant risk of globally fragmented and divergent accounting standards, which would be a loss for everyone.

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Week Ending 21st September 2008

WHY PAULSON IS WRONG: SAVING CAPITALISM FROM THE CAPITALISTS
Luigi Zingales, 21 September 2008

This weekend's decisions will shape the type of capitalism we live with for the next fifty years. Here one of the world's leading financial scholars, Chicago Business School Professor Luigi Zingales, argues that bailing out the financial system with taxpayers' money is wrong. He discusses an alternative – forced debt-for-equity swap or debt-forgiveness.

Read article: http://www.VoxEU.org/index.php?q=node/1670

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Week Ending 24th August 2008

THE FAILURE OF HISTORY'S MOST CELEBRATED BILATERAL TRADE AGREEMENT
Marc Flandreau, 23 August 2008

As WTO negotiations have failed, pragmatists have embraced preferential trade agreements. This column presents new evidence on the Anglo-French treaty of 1860 and argues that, contrary to all conventional wisdom, history’s most celebrated bilateral deal did not stimulate trade. That lesson should give pause to modern advocates of preferential trade agreements.

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Week Ending 20th July 2008

A HOUSING-LED RECESSION IN THE MAKING
John N Muellbauer, 20 July 2008

Recent empirical estimates of the housing wealth effect suggest that a UK recession will be hard to avoid. With the housing-wealth decline compounded by falling equity prices and inflation-eroded real incomes, a drop in consumption is in the offing. The US situation could be even worse.

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Week Ending 13th July 2008

CAN TRANSPARENCY IN EXTRACTIVE INDUSTRIES BREAK THE RESOURCE CURSE?
Susan Ariel Aaronson, 12 July 2008

The resource curse has stymied development in numerous oil-rich economies. This column introduces the Extractive Industries Transparency Initiative and explains how transparency by firms investing in resource-rich countries might help alleviate the curse.

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Week Ending 6th July 2008

TIME WITH THE KIDS: PARENTAL EDUCATION AND CHILD CARE
Jonathan Guryan, Erik Hurst, Melissa S. Kearney, 5 July 2008

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Week Ending 6th July 2008

TIME WITH THE KIDS: PARENTAL EDUCATION AND CHILD CARE
Jonathan Guryan, Erik Hurst, Melissa S. Kearney, 5 July 2008

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VoxEU.org is one year old

Vox was launched one year ago. Over 550 economists have written 440 columns for Vox in its first year, including some of the profession's academic greats such as Daron Acemoglu, Alberto Alesina, Tim Besley, Jagdish Bhagwati, Olivier Blanchard, Alan Blinder, Esther Duflo, Francesco Giavazzi, Charles Goodhart, Robert Gordon, Nobel laureate James Heckman, Paul Klemperer, Lisa Lynch, Paul Krugman, Andreu Mas-Colell, Ken Rogoff, Sir Nicholas Stern, Guido Tabellini,
Jean Tirole and Michael Woodford.

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VoxEU.org is one year old

Vox was launched one year ago. Over 550 economists have written 440 columns for Vox in its first year, including some of the profession's academic greats such as Daron Acemoglu, Alberto Alesina, Tim Besley, Jagdish Bhagwati, Olivier Blanchard, Alan Blinder, Esther Duflo, Francesco Giavazzi, Charles Goodhart, Robert Gordon, Nobel laureate James Heckman, Paul Klemperer, Lisa Lynch, Paul Krugman, Andreu Mas-Colell, Ken Rogoff, Sir Nicholas Stern, Guido Tabellini, Jean Tirole and Michael Woodford.

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