A recently settled class action lawsuit against the Australian government could help drive greater disclosure of climate financial risk by governments, central banks and companies.
While a digital national currency does have the potential to mitigate key financial issues, we cannot ignore the democratic risks such a currency could introduce without safeguards.
The cause of banking crises since the debacle in the 1980s remains unchanged. Incentives encourage executives to take excessive risks, with few consequences if bets turn bad. It’s happening again.
The Fed, Treasury and FDIC acted swiftly to protect depositors and stem any panic, but anxiety continues to grow about the state of the global financial system.
Matthew E. Kahn, USC Dornsife College of Letters, Arts and Sciences
Private companies rate all kinds of investments, from stocks to used cars. Now, they’re starting to analyze climate risks to local real estate – but how reliable are their findings?
As people file their taxes in a year where many are going through financial hardships brought on by COVID-19, a scholar argues that cheating on one’s taxes would still be morally wrong.
Instead, we need to burn the entire system of financial regulation to the ground and replace it with something that supports investing the way it’s done today.
Wes Mountain, The Conversation dan Jenni Henderson, The Conversation
There’s been quite a bit of speculation over whether Australia has a property market bubble - where house prices are over-inflated compared to a benchmark - and when it might burst. According to housing…
The financial products offered by the shadow banking sector allow investors to be further removed from their investments and banks to escape regulation, increasing the risk in the sector overall.