A couple of months ago I presented a fictitious interview with the former investment bank regarding its approach to manage liquidity risks. Everything seemed to be fine…but as we know from hindsight the annual report didn’t tell us the truth (otherwise the bank would not have fall into bankruptcy). Lehman Brother was collapsed under a [...]

Subscribers to the Real-World Economics Review Blog have awarded the Dynamite Prize in Economics to Alan Greenspan, Milton Friedman and Larry Summers. It says at the Real-World Economics Review Blog: ‘Alan Greenspan has been judged the economist most responsible for causing the Global Financial Crisis. He and 2nd and 3rd place finishers Milton Friedman and [...]