Tim Harford is speaking about his new book, The Undercover Economist Strikes Back, at Cato at noon on Thursday Jan. 23. I will be commenting. More info and to register here.
If you can’t make it to the Cato Institute, you can watch this event live online at www.cato.org/live.
Here is Cato’s announcement.
WASHINGTON — Big banks must improve the way they determine how much capital they need to withstand any future crisis, the U.S. Federal Reserve said, citing observations from regulators’ periodic tests of banks’ health.
The Fed said in a paper released on Monday that banks participating in regular “stress tests” had flaws in their capital planning processes, such as being unable to show that they considered all of the relevant risks to their businesses.
The subtitle is The Power of Disorder to Transform Our Lives, and it is Tim’s best and deepest book. You’ll be hearing more about it in due time, the publication date is October 4, you can pre-order it here.