Comments on: Central bank secrecy datapoint of the day http://blogs.reuters.com/felix-salmon/2011/12/12/central-bank-secrecy-datapoint-of-the-day/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: EllieK http://blogs.reuters.com/felix-salmon/2011/12/12/central-bank-secrecy-datapoint-of-the-day/comment-page-1/#comment-34577 Thu, 29 Dec 2011 20:07:24 +0000 http://blogs.reuters.com/felix-salmon/?p=11471#comment-34577 Ohhh! I’m happy I checked back. Good find, UProf! LibertyStreetEconomics is the NY Fed’s blog on the down-low. (Well, it isn’t on the down-low, they make the affiliation clear by virtue of the URL and banners on every page). That is such a perfect response as well, specifically to the very words used in the column, about the “stigma effect”. Thank you for posting the link. Let’s see… dated August 2011. Sounds like Felix’s new personal assistant (research assistant?) could have done a better job and found this too. Liberty Street isn’t just for the cool econ crowd: Common folk like me have access too!

Also, I’ve just noticed the Narrow Tranche recently. Quite nice too! And yes, Bloomberg does read like a demented blogger lately (not any single one in particular), which is not inconsistent with what Felix is saying, though of course not as extreme.

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By: Danny_Black http://blogs.reuters.com/felix-salmon/2011/12/12/central-bank-secrecy-datapoint-of-the-day/comment-page-1/#comment-33990 Tue, 13 Dec 2011 17:40:16 +0000 http://blogs.reuters.com/felix-salmon/?p=11471#comment-33990 Yet more lies from Bloomberg.

If you want to read some actual reporting not dishonest BS from lying scum:

http://narrowtranche.blogspot.com/2011/1 2/feds-liquidity-swap-and-latest-hype.ht ml

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By: uprof http://blogs.reuters.com/felix-salmon/2011/12/12/central-bank-secrecy-datapoint-of-the-day/comment-page-1/#comment-33982 Tue, 13 Dec 2011 05:57:45 +0000 http://blogs.reuters.com/felix-salmon/?p=11471#comment-33982 “Has anybody ever tried to quantify this ‘stigma’ effect?” Yes. See, for example:

http://libertystreeteconomics.newyorkfed .org/2011/08/is-there-stigma-to-discount -window-borrowing.html

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By: desimal http://blogs.reuters.com/felix-salmon/2011/12/12/central-bank-secrecy-datapoint-of-the-day/comment-page-1/#comment-33969 Tue, 13 Dec 2011 00:32:31 +0000 http://blogs.reuters.com/felix-salmon/?p=11471#comment-33969 I wonder how many of these international banks ended up selling this free money back to us or their respective treasuries for a easy profit?

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By: EllieK http://blogs.reuters.com/felix-salmon/2011/12/12/central-bank-secrecy-datapoint-of-the-day/comment-page-1/#comment-33958 Mon, 12 Dec 2011 20:56:59 +0000 http://blogs.reuters.com/felix-salmon/?p=11471#comment-33958 I do agree with you about this, Felix: Dean Baker/ Bloomberg seems to forget that G-20 nations’ policy makers don’t generally tell the Federal Reserve Bank what to do. We wouldn’t take kindly to that. So WHY would other central banks be receptive to such direct interference in their activities?! (The U.S. already has a certain perception problem for interfering in the affairs of other countries.)

Also, there ARE standardization efforts in progress, specifically in accounting, such as international GAAP. That’s a better way, rather than through politicians.

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By: E.D.R. http://blogs.reuters.com/felix-salmon/2011/12/12/central-bank-secrecy-datapoint-of-the-day/comment-page-1/#comment-33956 Mon, 12 Dec 2011 20:30:10 +0000 http://blogs.reuters.com/felix-salmon/?p=11471#comment-33956 “…letting the public know what you did during the course of a crisis two years ago…”

Indeed. I’d like to see all discussions of secrecy be framed as questions, not of whether to disclose (—instantly? —after two years? —after a century?), but instead of how long to delay disclosure. “Never” then becomes an obviously extreme and indefensible answer. Generally, the question of how long to delay would tend to focus discussion on who benefits from secrecy, and why, and whether or not the reasons are legitimate.

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