Links: 2013-01-20

Global
The safe asset shortage: A response to David Beckworth | The Economist
"I believe investors are trying to behave more responsibly but are being stymied by the failure of some governments to issue enough safe debt. To me, the huge decrease in the safe asset share since the early 1990s seems like a much bigger development than the relatively small increase that has occurred since 2008. Another way of looking at this is to examine the declining share of American “safe assets” issued by the public sector, as measured by Gary Gorton and Andrew Metrick"
A new Gold Standard is being born – Telegraph Blogs
"Personally, I doubt that Buba had any secret agenda, or knows something hidden from the rest of us. It responded to massive popular pressure and prodding from lawmakers in the Bundes...


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