The Great Debate UK

Breaking up banks is not so hard to do

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-Laurence Copeland is a professor of finance at Cardiff University Business School and a co-author of “Verdict on the Crash” published by the Institute of Economic Affairs. The opinions expressed are his own. -

As far as I am aware, you cannot buy insurance against speeding tickets (please, someone let me know if I am wrong!).

This is so because motorists who were insured would be more likely to ignore the speed limit and hence cause more accidents, which is bad for society and bad for insurers.

It would also have the drawback that, however finely the insurers calibrated their quotations, the more patient driver would end up having to pay a higher premium so as to subsidise the less patient.

The EU and the hedge funds: the vendetta goes on

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You might have thought that, with the Eurozone in turmoil, the EU would have its hands too full to pursue its vendetta against hedge funds.

Far from it, the latest proposals are even more wide-ranging than most observers anticipated, involving the establishment of a Europe-wide regulatory authority with the power (presumably) to dictate to the FSA how to police the UK financial sector, restricting the ability of hedge-funds based outside Europe to sell inside Europe and making it hard for European investors to invest in the rest of the world’s so-called alternative investment vehicles.

A dangerous indulgence in post-electoral optimism

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-Laurence Copeland is a professor of finance at Cardiff University Business School and a co-author of “Verdict on the Crash” published by the Institute of Economic Affairs. The opinions expressed are his own. -

It really is hard to resist the temptation to take a hopeful view of Britain’s new government.

Punishing investment bankers: the nanny-state goes global

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Laurence_Copeland- Laurence Copeland is a professor of finance at Cardiff University Business School and a co-author of “Verdict on the Crash” published by the Institute of Economic Affairs. The opinions expressed are his own. -

In a previous blog, I expressed the fear that in the aftermath of the financial crisis we were going to see either the innocent punished or guilty men convicted of the wrong crimes, or maybe both.

Greenspan and the curse of counterfactual

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Laurence_Copeland-150x150- Laurence Copeland is a professor of finance at Cardiff University Business School and a co-author of “Verdict on the Crash” published by the Institute of Economic Affairs. The opinions expressed are his own. -

Suppose that, instead of appeasing Nazi dictator Adolf Hitler at Munich in 1938, Neville Chamberlain had taken Britain to war, what would today’s history books say about the episode?

Greece and the mythology of the EU

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Laurence_Copeland- Laurence Copeland is a professor of finance at Cardiff University Business School and a co-author of “Verdict on the Crash” published by the Institute of Economic Affairs. The opinions expressed are his own. -

The (probably temporary) resolution of the Greek crisis seems to have produced a result which was unexpected – by me, at least. For the first time in the history of the EU, the German taxpayer has refused to be sacrificed on the altar of European solidarity.

The Budget: What’s it got to do with economics?

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Laurence_Copeland- Laurence Copeland is a professor of finance at Cardiff University Business School and a co-author of “Verdict on the Crash” published by the Institute of Economic Affairs. He might participate in a Reuters Budget live blog at noon GMT on Wednesday, March 24, 2010. Please tune in and join the discussion.-

The UK media have a long-established tradition of investing Budgets with a theatrical level of tension far in excess of their economic importance. It remains to be seen whether they will consider next week’s budget worth the effort of building up, because it is likely to be a complete non-event.

Is Hyde Park for sale?

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Laurence_Copeland- Laurence Copeland is a professor of finance at Cardiff University Business School and a co-author of “Verdict on the Crash” published by the Institute of Economic Affairs. The opinions expressed are his own. -

So Bundestag members have been suggesting Greece sell an island or two, or maybe even the Acropolis, in order to pay off its mountainous debts?

Will the Tories come clean on public sector cuts?

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LaurenceCopeland

- Laurence Copeland is a professor of finance at Cardiff University Business School and a co-author of “Verdict on the Crash” published by the Institute of Economic Affairs. The opinions expressed are his own. -

In the movie “The Untouchables”, the cop played by Sean Connery brushes aside his sidekick’s assertion that he really does want to nail Al Capone with the response: “Yes, but what are you prepared to do?”

Will they have the nerve to call the next phase QE2?

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Laurence_Copeland- Laurence Copeland is a professor of finance at Cardiff University Business School and a co-author of “Verdict on the Crash” published by the Institute of Economic Affairs. The opinions expressed are his own. -

It is hard to be too pessimistic about the economic outlook for the rich countries, and impossible as far as the UK is concerned. With every day that passes, it becomes clearer that, far from being out of the woods, we are once again plunging into recession and possibly crisis.

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