karl-henrik pettersson

karlhenrikpettersson.se

Filosofiska tankar om företagande och ekonomi

Vilket samhälle vill vi ha? Hur mycket marknad? Hur mycket politik? Varför dessa ekonomiska orättvisor?

Banker – behövs dom? (2): “Volcker rule”

”Volcker rule” är begreppet det talas mycket om just nu i bankkretsar. Det är det förslag till reform av det finansiella systemet som Obama presenterade för en månad sedan, i slutet av januari 2010, och som fick sitt namn efter Paul Volcker, den fd amerikanske centralbankschefen, nu rådgivare åt Obama och den som sägs mer än någon annan ligga bakom förslaget. Kort sagt innebär ”Volcker rule” att det skulle göras en legal och organisatorisk bodelning mellan sedvanlig bankverksamhet (typ inlåning från allmänheten, utlåning till privatpersoner och SMEs och betalningar) och annan finansiell verksamhet (typ hedgefonder, investmentbanking och annat som har mer spekulativ karaktär). Den första menar Volcker är en samhällsservice som är värd ett skydd från samhällets sida (till exempel genom en inlåningsförsäkring). Den andra bör spela på marknadens villkor utan särskilt samhällsskydd.

Att något måste göras för att undvika framtida finansiella härdsmältor av den typ vi nästan upplevde i oktober 2009 då total kollaps i det globala finansiella systemet var verkligt nära, är väl självklart. Och att något måste göras för att de stora finansiella konglomeraten inte skall kunna växa sig ännu större (vilket faktiskt har blivit följden av krisen), och göra principen ”too big to fail“ ännu mer politiskt tvingande (vilket också har blivit följden), är lika självklart.

Om det betyder att ”Volcker rule” bör bli verklighet är en helt annan sak. Alldeles bortsett från det politiskt möjliga, är jag för min del inte säker på det. Även om ”Volcker rule” ännu så länge bara är en skiss, tycker jag att man blir misstänksam. Det går att ställa berättigade frågor till Paul Volcker som görs av senator Mike Johanns i den här tänkvärda videon.

Jag tycker, kort sagt, att ”Volcker rule” inte går  till botten med det som är själva grunden till instabiliteten, att den basala byggstenen i det finansiella systemet, banken som organisatorisk enhet, i sig är instabil.  Så länge man har ett finansiellt system där banker är den viktigaste spelaren måste det till hårdhänt reglering och tillsyn. Och det i sin tur skapar ytterligare problem. Det man måste leta efter är en lösning där banken ersätts med en organisation som inte riskerar att gå överstyr bara för att det skapas rykten om att kreditsidan eller någon annan del av banken sannolikt har brister (det som kan ge en ”run” i en bank). En tänkbar lösning är att man låter ”open ended” fonder (typ sedvanliga ömsesidiga fonder) som definitionsmässigt inte kan gå i konkurs vara huvudsaklig byggsten i det finansiella systemet. Det skrev jag mycket om för 15 år sedan, bland annat i Banker – behövs dom?

  • Facebook
  • Twitter
  • Print
  • email
2010-02-24

42 Kommentarer

  1. It’s going to be finish of mine day, except before ending I am reading this wonderful post
    to increase my know-how.

  2. I’m not sure where you are getting your information, but good topic.
    I needs to spend some time learning more or understanding more.
    Thanks for wonderful information I was looking for this info for my mission.

  3. From the 19th century onwards, betting establishments started to flourish.

    Feel free to surf too my web-site: Online Gamble Site

  4. Millions off Americans can’t get a loan due to thejr low credit score.

    my webpage: 신용 대출

  5. If you fail to rpay your loan, the lendsr can take thee collateral yoou provided.

    Feell free to visit my homepage :: 신용 대출

  6. Members can take advantage of capabilities like $1 millioon in identity thgeft insurannce coverage, budgeting tools,
    account balance alerts and credit report access.

    my page … 이지론

  7. We assure you that yoou will be effectively ready season-round to make the most effective calls
    in your sports betting.

    Feel free tto surf to my webb site; Online Gamble Site

  8. The state first legalized on the internet sports betting at the finish of 2018.

    my web-site Online Casino

  9. In total, there are eight paymemt techniques supported by
    thiis on line Casino Play Online.

  10. Note that there are no residency specifications for registering at Marylamd sports betting
    apps.

    Review my webpage 스포츠토토사이트

  11. As a outcome, you will be required to present your social
    safety quantity as proof oof legal residency in the United States.

    Visit my page 사업자 대출

  12. Most, iif not all, of thee casinos on USA Online Casino Baccarat Casono
    accept both Visa and Mastercard debit and credit cards, American Express, Neteller,
    Bitcoin, Bank Checks, and Bank Transfers.

  13. We have teamd up with Bovada to present ouur readers aan exclusive welcome bonus give.

    my web site – Best Online Casino

  14. In spite of not getting a mobile app, this no-deposit bonus
    on the internet Casino Game is accessible onn mobhile browsers like Chrome and Safari.

  15. Their share of all STEM workers is up 1% because 2016, in line with ttheir growth in the overall workforce.

    Also visit my homepage – 유흥업소 알바

  16. Simply want to say your article is as astonishing. The clarity on your publish is just spectacular and
    i could suppose you are an expert on this subject. Fine together with your permission allow me to seize your RSS feed to keep updated with impending
    post. Thanks a million and please keep up the rewarding
    work.

  17. That signifies bettors ought to danger $170 to wwin $one hundred if the
    Knicks win the gazme bby any amount.

    Also visit my website … Best Online Betting Site

  18. “I enjoy the way that we reside our life. It’s all the things I ever dreamed of.”

    Check out my blog post ezalba.co.kr

  19. With that stated, 2022 is proving to be a record year
    for amounts wagered.

    my homepage – Gambling site

  20. Whhen she paid requisite cash for the unique tasks, she
    was rewarded.

    my website … 여성밤 알바

  21. This affects these students and also poses a genuine threat to the economy.

    My website :: 유흥알바

  22. I am no longer certain the place you are getting your information, but great topic.
    I needs to spend some time studying much more or figuring out more.
    Thanks for great info I used to be searching for this information for my
    mission.

  23. The other day, while I was at work, my cousin stole my iphone and tested to see
    if it can survive a 30 foot drop, just so she can be
    a youtube sensation. My apple ipad is now broken and she
    has 83 views. I know this is entirely off topic but I had to share it with someone!

  24. It is appropriate time to make some plans for the long run and it’s time
    to be happy. I have learn this publish and if I may I wish to counsel you
    some attention-grabbing things or tips. Perhaps you could write subsequent articles relating to
    this article. I wish to read even more things approximately it!

  25. Hi just wanted to give you a brief heads up and let you know a few of
    the pictures aren’t loading correctly. I’m not sure why but
    I think its a linking issue. I’ve tried it in two different browsers and both show the same outcome.

  26. I could not resist commenting. Perfectly written!

  27. Hello to every one, it’s truly a pleasant for me to visit this web site, it includes priceless Information.

  28. When I initially commented I seem to have clicked on the -Notify
    me when new comments are added- checkbox and now each time a comment is
    added I receive 4 emails with the same comment. Is there a
    means you are able to remove me from that service? Kudos!

  29. These are truly enormous ideas in regarding blogging.

    You have touched some nice things here. Any way keep
    up wrinting.

  30. Hi! I just wanted to ask if you ever have any issues with hackers?
    My last blog (wordpress) was hacked and I ended up losing
    a few months of hard work due to no data backup.
    Do you have any methods to prevent hackers?

  31. May I simply say what a comfort to find an individual who actually understands what they are discussing over the internet.
    You actually realize how to bring an issue to light and make it important.
    A lot more people must look at this and understand this side of the story.
    I was surprised you are not more popular since you surely possess the gift.

  32. Greetings! This is my first visit to your blog! We are a
    collection of volunteers and starting a new project in a community
    in the same niche. Your blog provided us valuable information to work on. You have done a
    marvellous job!

  33. Highly descriptive article, I enjoyed that bit. Will there be a part 2?

  34. Its like you read my mind! You appear to know so much about this, like you wrote the ebook in it or something.
    I feel that you just can do with some percent to power the message home a little bit, however instead of that,
    this is excellent blog. A great read. I will certainly be back.

  35. It’s actually a great and useful piece of information. I’m glad
    that you shared this helpful info with us. Please keep us up to date like this.
    Thanks for sharing.

  36. Very nice post. I just stumbled upon your blog and wished to say that I’ve truly enjoyed surfing around your blog posts.
    In any case I will be subscribing to your feed and I hope you write again soon!

  37. Thanks for sharing such a good thought, post is good, thats
    why i have read it completely

  38. Interesting blog! Is your theme custom made or did you download it from somewhere?
    A theme like yours with a few simple tweeks would really make my blog stand
    out. Please let me know where you got your design. Thanks a lot

  39. Very soon this site will be famous amid all blog visitors, due to it’s nice articles
    or reviews

  40. Hi! I could have sworn I’ve been to this site before
    but after browsing through some of the post I realized it’s new to me.
    Nonetheless, I’m definitely glad I found it and I’ll be bookmarking and checking back often!

  41. Very descriptive article, I enjoyed that a lot.
    Will there be a part 2?

Trackbacks

  1. kaspa asic

Skriv kommentar