The safe asset shortage: A response to David Beckworth | The Economist
"I believe investors are trying to behave more responsibly but are being stymied by the failure of some governments to issue enough safe debt. To me, the huge decrease in the safe asset share since the early 1990s seems like a much bigger development than the relatively small increase that has occurred since 2008. Another way of looking at this is to examine the declining share of American “safe assets” issued by the...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.