How much were central banks, notably the Bank of England and the US Federal Reserve, to blame for the financial boom and bust that's landed us with years of economic stagnation? To date, most of the blame has been attached to the recklessness of bankers and myopia of financial regulators, such as the Financial Services Authority. But central bankers have typically been tarnished only with failing to see or shout...

The European Journal of Finance, Volume 0, Issue 0, Page 1-20, Ahead of Print.

The European Journal of Finance, Volume 0, Issue 0, Page 1-17, Ahead of Print.

moneyscience: TheAlephBlog: Replacing Defined Contributions http://t.co/pE5HVfxV

Things we're reading today include ... Bernanke comments rally US stocksBBC SocGen wins UK newspaper damagesBBC Strauss-Kahn may face sex chargesBBC Merkel opposes Greece euro exitBBC Cybercrime threat 'on the rise'BBC VIDEO: Merkel: Britain must decide on EuropeBBC   City fury as watchdog calls for extra powersThe Telegraph UK government held talks about RBS stake sale with Abu DhabiThe Telegraph   Mobile payments companies link up in £109m dealThe Independent...

moneyscience: RT @ClearRisk: Spreadsheet risk: The devil is in the data http://t.co/JolbouCi #riskmanagement

I think that it is pretty certain that defined contribution [DC] plans 401(k)s, 403(b)s, 457s, much as they have grown to be dominant, have been a failure.  Many, though not all people like the illusion of control, and seeing their cash balance — makes the pension plan tangible, even if they don’t get what they will really need at retirement.Pension plan reform has to face three realities.  The first is people don’t know how much to put away for retirement.  I’ll give...

moneyscience: RT @ScottClay_MBA: BBC News - UK in talks to sell part of RBS stake to Abu Dhabi http://t.co/aXSR0HvT

moneyscience: Crumbs. A 16-year-old builds a working scientific calculator in Minecraft - http://t.co/QpVjQK3D #tcm

moneyscience: The problem of fake gold bars http://t.co/8AW0k8f5