Tag Archives: Robin Greenwood

Should the US be issuing more short-term debt?

As a follow up to yesterday’s post on short term debt, treasuries and financial crises, I wanted to highlight this paper by Greenwood, Hanson, & Stein that argues that the government should issue more short-term debt to discourage short-term money creation … Continue reading

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The Growth of Modern Finance

From Robin Greenwood and David Scharfstein: Whether the growth of the financial sector has been beneficial to society depends in large part on the social benefits of active asset management, the increase in household credit, and the growth of shadow banking. … Continue reading

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