Clark Center Forum

About the Clark Center Forum

The Forum for the Kent A. Clark Center for Global Markets is home to the European, Finance, and US Economic Experts Panels as well as a repository of thoughtful, current, and reliable information regarding topics of the day.
Credit Crisis

A Tax on Short-term Debt Would Stabilize the System

FT.com, December 16th, 2009 The idea of imposing a tax on financial transactions, also called the Tobin tax after the economist who first proposed it, is back in vogue. It has strong political appeal, catering to demands to punish banks for the crisis they have bestowed. It satisfies the political need to do something to […] 
Credit Crisis

Did Fair Value Accounting Contribute to the Financial Crisis?

Christian Laux and Christian Leuz Fair-value accounting (FVA), also known as “mark-to-market” accounting, has been blamed for contributing significantly to the financial crisis. But Christian Leuz, of Chicago Booth, and his coauthor, Christian Laux, have analyzed the role of FVA for U.S. banks and conclude that there is no evidence that fair-value accounting added to […] 
Credit Crisis

John Cochrane Testifies Before the House Financial Services Committee

Testimony of John Cochrane in “Experts‘ Perspectives on Systemic Risk and Resolution Issues“ before the House Financial Services Committee, United States House of Representatives – September 24, 2009 Read testimony spoken before Committee> Read testimony of record> 
Credit Crisis

Lehman and the Financial Crisis

John H. Cochrane and Luigi Zingales Wall Street Journal, September 15, 2009 One year ago today Lehman Brothers filed for bankruptcy. The weeks that followed are among the most dramatic in U.S. history. They led to a massive government intervention in the financial system—an intervention that will likely change that system forever. Many people say […] 

Topics

Recent Polls

Recent Articles