The Political Economy of RMBS Intervention
I have an op-ed in today’s Age on the politics behind the government’s intervention in the market for residential mortgage-backed securities.
It was pleasing to see the Australian Financial Review take a strong editorial stance against the intervention (‘Swan Banks on a Very Bad Idea,’ AFR, 29 September 2008, p. 62). The AFR attributed the very transparent politics behind the intervention ‘to the Hollowmen school of policymaking.’
posted on 30 September 2008 by skirchner
in Economics, Financial Markets
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