{"id":6929,"date":"2013-03-10T05:57:30","date_gmt":"2013-03-10T09:57:30","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=6929"},"modified":"2013-03-10T05:57:30","modified_gmt":"2013-03-10T09:57:30","slug":"philip-maymin-why-financial-regulation-is-doomed-to-fail-library-of-economics-and-liberty","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2013\/03\/10\/philip-maymin-why-financial-regulation-is-doomed-to-fail-library-of-economics-and-liberty\/","title":{"rendered":"Philip Maymin, Why Financial Regulation is Doomed to Fail | Library of Economics and Liberty"},"content":{"rendered":"

Philip Maymin highlights a problem with volatility:<\/p>\n

…..securities with historically low volatility tended to have almost twice as much subsequent risk, while those with historically high volatility tended to have almost half as much subsequent risk. For both the riskiest and least risky securities, therefore, historical risk is a statistical illusion.<\/p><\/blockquote>\n

He further points out that regulation encourages banks to act in concert, increasing systemic risk, while deposit insurance reduces the level of self-imposed discipline among banks.<\/p>\n

Read more at Philip Maymin, Why Financial Regulation is Doomed to Fail | Library of Economics and Liberty<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Philip Maymin highlights a problem with volatility: …..securities with historically low volatility tended to have almost twice as much subsequent risk, while those with historically high volatility tended to have almost half as much subsequent risk. For both the riskiest and least risky securities, therefore, historical risk is a statistical illusion. He further points out … <\/p>\n

Continue reading “Philip Maymin, Why Financial Regulation is Doomed to Fail | Library of Economics and Liberty”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[31],"tags":[1001,3321,3617],"class_list":["post-6929","post","type-post","status-publish","format-standard","hentry","category-the-fed-banks-interest-rates","tag-deposit-insurance","tag-systemic-risk","tag-volatility"],"yoast_head":"\nPhilip Maymin, Why Financial Regulation is Doomed to Fail | Library of Economics and Liberty - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Philip Maymin, Why Financial Regulation is Doomed to Fail | Library of Economics and Liberty - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Philip Maymin highlights a problem with volatility: …..securities with historically low volatility tended to have almost twice as much subsequent risk, while those with historically high volatility tended to have almost half as much subsequent risk. For both the riskiest and least risky securities, therefore, historical risk is a statistical illusion. 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Suppression of volatility may give the appearance of stability but leads to an accumulation of\u2026","rel":"","context":"In "Banks & Interest Rates"","block_context":{"text":"Banks & Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"10-Year Treasury Yield minus 10-Year Inflation Expectations","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-03-07-10y-inflation.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-03-07-10y-inflation.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2023\/2023-03-07-10y-inflation.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":10835,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/09\/07\/financial-reform-call-to-arms-ft-com\/","url_meta":{"origin":6929,"position":4},"title":"Financial reform: Call to arms | FT.com","author":"ColinTwiggs","date":"September 7, 2014","format":false,"excerpt":"Martin Wolf on how much capital banks should be required to hold: The new regulatory regime is an astonishingly complex response to the failures of this model. But \u201ckeep it simple, stupid\u201d is as good a rule in regulation as it is in life. The sensible solution seems clear: force\u2026","rel":"","context":"In "Banks & Interest Rates"","block_context":{"text":"Banks & Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":35743,"url":"https:\/\/thepatientinvestor.com\/index.php\/2022\/07\/16\/retail-sales-and-volatility-warn-of-extreme-risk\/","url_meta":{"origin":6929,"position":5},"title":"Retail sales and volatility warn of extreme risk","author":"Colin Twiggs","date":"July 16, 2022","format":false,"excerpt":"Advance retail sales (ex motor & parts) grew to 553 billion in June. Consumers are spending well above trend (dotted line), warning that inflation is going to be difficult to tame. The Fed is going to have to hike rates a lot higher than 4.0% to get ahead of the\u2026","rel":"","context":"In "GDP and Activity"","block_context":{"text":"GDP and Activity","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/gdp-and-activity\/"},"img":{"alt_text":"Advance Retail Sales (ex Motor vehicles & parts)","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-07-15-retail.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-07-15-retail.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-07-15-retail.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2022\/2022-07-15-retail.png?resize=700%2C400&ssl=1 2x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/6929","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=6929"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/6929\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=6929"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=6929"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=6929"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}