Avinash Persaud
Avinash Persaud's Latest Articles | 8
The Euro’s Salvation Lies in Less Europe, Not More
Does Europe need a fiscal union to support its monetary union? This column argues that the cause of Europe’s problems is not public sector ill discipline but rather... Read »
EU’s Financial Transaction Tax is Feasible, and If Set Right, Desirable
The ‘Tobin tax’ has once again appeared in the headlines having been proposed by the European Commission and opposed by the US. This column argues that such... Read »
Do Not be Detoured by Bankers and Their Friends; Our Future Financial Salvation Lies in the Direction of Basel
The financial crisis revealed substantive problems that need to be solved, especially in the banking sector. This column argues that Basel III, the new accord on... Read »
The Fog of Currency War
Criticism of China’s exchange-rate policy continues throughout the US. This column argues that the US is in fact the exchange rate manipulator, due to its ongoing... Read »
The Empire Strikes Back
The role of financial institutions in the global crisis has led to a consensus that financial regulation must change. This column argues that the banking lobby,... Read »
Why China’s Exchange Rate is a Red Herring
The US obsession with the Chinese exchange rate is a classic example of blaming foreigners for domestic woes. This column argues that we’ve been here before. In... Read »
“Too Big to Fail” is No Redemption Song
Policymakers and commentators have recently argued for downsizing banks that are “too big to fail.” This column argues that the logic is based on an illusion.... Read »
Too Much Capital in the Banking System, Not Enough Safety?
There is a strong consensus that banks had insufficient reserves set aside for a rainy day and that they should be required to hold more capital. This column says... Read »







